As we are now officially without the CTO... is this the last moment to leave this company?
29 replies (most recent on top)
I am guessing Fridaus leaving gives Stephanie a little more time to turn the stock around. She can say it was his fault we are where we are.
Even if nobody buys it , a big change like this might be given time.
My take is that Firdaus was not able to force the change he wanted to make, and therefore the digital transformation isn't as far as we wanted. Mainly due to massive cuts (SF demanded them remember) and a short term focus on launching new apps using the beacon platform instead of building a platform. This FORCED many short cut decisions that we have to rework.
@vq yes, this was definitely his reason for leaving. Get rid of a CTO and trade in for a "CTO as a Service"
Do you see now that it's not Firdaus direction. And he is removed with attention
This company is so top heavy and bloated
CTO is fired. Chief technology operations officer steps in until a new CTO is hired
Chief Technology operations officer?
Why does this role even exist?!?! this is crazy, wasted, duplicative uncessary spending
To pay for all of the bloat at the top, they have to outsource and RIF the people that actually do the work
@eq just when you think maybe there is some hope, the company doubles down on stupidity
so fridaus out good. but completely countered by shipping the dev teams to outside firms
that g3 person is right. how would you feel if india hired from surrounding countries or from america instead of india for their jobs? facts aren't racist. but there sure are a lot of indians downvoting the truth. billions of people being handed degrees every week and only a handful understand a simple task. you only get was you pay for.
@g3 That will not help to cure your racism.
@g3 so, just the guy with the guts to execute Project Dolphin?
Holy garbage can batman!
Don was a senior Advisor at McKinsey
This place is just getting worse every single day. The convert everything to Indians who do not know their job to hiring the guy that helped build a company meant to level the employee base in return for hundreds of millions.
The board, the executives, the management. Who wants to start an internal voting system to replace them all and actually become a productive company without using duct tape and sh-t offshoring?
@f9 against a potential sale or other crisis.
@et what’s the inevitable?
@eq do you think that he's just a placeholder against the inevitable?
https://www.fisglobal.com/about-us/leadership#donald-j-duet
he's already on the website. we replaced one unqualified with an even more unqualified person. doesn't even know how to spell IT yet he is chosen to lead all of it
@cy it's not clear, intentionally. There is money to be had by the C suite/Board by hanging on as long as possible. They are squeezing every penny out, while those who have been laid off are staring at their mortgage/rent wondering what will happen. This is despicable, in every way and they will get away with it, dragging duffel bags full of cash.
@bg That is the problem. The picture isn’t clear, and both the leadership and McKinsey appear to be playing games. They are withholding a lot of information, but if you follow the signs, they point toward a sale. Our valuation has hit such a low point that selling the entire company is no longer an unrealistic scenario.
@az how can there be ANY technical direction when the systems peaked in 1995? It is fu--ing inexcusable for FIS to have such cr-ppy systems. If they had been properly upgraded about twenty years ago, that investment would have paid off. Whomever writes this story will get a Pulitzer and sell the film rights for a small fortune. They should consider their security situation to hold off the hoards of angry shareholders with torches and pitchforks.
@av that rumor is on a radar for 4+ years... We are still too big... What FIS would sold - the core of this company (Banking) but with mediocre results or Capital Markets that is growing and growing each year... I don't see a clear picture for that to happen
@a2 The truth hurts these people. The guy did absolutely nothing for FIS or leading the technical direction we should of been going, and in fact gave id--ts empowered decision making while not having a direction or roadmap of his own while the company was gutted of anyone that was competent or brought in to modernize or who could lead the technical direction of the company. We're now left with incompetent SVP's in place who were under Firdaus and I can only hope they are done away with and on the chopping block next. Jason Baklavas, that means you, you worthless do nothing clueless pos.
@ak This company will be sold soon. Pretty sure about that.
Good riddance, his decisions were such garbage and hopefully Stephanie and those under him are next on the chopping block. Will be refreshing having new leadership come in and maybe my team can do what we were hired to do. Cya and don't let the door hit you in the @#$ on the way out!
@ah we all know what that means. no technical knowledge (like Firdaus) and all mckinsey does it cut and cut and cut so they can get their margins.
We are not without CTO. We got McKinsey dude as new CTO. So God help us!
@a5 Outsourcing development and professional services and everyone else.
@a5 don't know really just saw it mentioned in a few threads here.
@a1 can you let me know what project dolphin is?
@a2 not too long ago they doubled the valuation of their stock. Good time to leave.
It was definitely very sudden. If he had left in a friendly way he would have announced his own departure.
His CTO decisions
Stay in India and walk about like a messiah showing fellow Indians it could be done.
Outsource everything to India, fire local around the world
Put is sh-t support staff and phone handlers who can only follow a single paragraph of script
Send 800 page emails that had nothing to do with direction, growth, fixes, anything related to his job
He was just a buffer to SF
Why are people worried of his leaving? Indian?
I'm worried about this. I wonder if he couldn't stomach project dolphin.