I have a feeling layoffs are coming soon to TOS.
Anyone hear any rumors?
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This is not a good sign as management has said internally we are 2-3 years behind other banks from a technology standpoint. Not investing now and expecting revenue to just magically pick up seems like a bit of a pipe dream.
Most definitely thought Madhu was being groomed to take over from Dilip in the distant future. A protege of sorts. Politics at the executive worker levels is something else, I suppose.
TOS reorgs never quit....
Can't say in my nearly 9 years here that I've ever seen a memo at 5pm on a Monday announcing someone's immediate departure. Anyone have the backstory?
@1wv I get the feeling that he was involuntarily separated.
Was Madhu laid off? The communication made it seem like he didn't voluntarily leave. Very odd...
That’s the rumor I’ve heard at least. I have no idea on the validity, so take it with a grain of salt as i have no knowledge of any actual plans or targets.
Yes, there are wide spread TOS cuts coming in 2024 and 2025. If you’re on a team that has an FTE/Total Resource ratio > 40%, your team is much more likely to be subject to the cuts coming within the next month. Also, if your percentage of contractors that are onshore is greater than 20%, expect to lose contractors. The target is 60% contractor resource of which 80% of those are offshore.
Madhu's exit was so abrupt, I initially thought that he was fired. The bloodletting will likely continue through Q4.
Bailing? I am reading along the lines of “quite some cleanup” that @dqg+1uyKw0ix mentioned
Madhu was a surprise. Maybe our move to the cloud been put on hold?
So the real question is...who's next?
Madhu's exit was surprising. Wasn't he championing Training (Udemy, Azure certs etc.), hackathons, Azure/AWS migrations etc.? I thought he was brought on by Dilip as a part of his Tech transformation team. I guess there is quite some clean-up happening what with the grand failures of cloud migration efforts at the bank.
Leadership that painted pretty pictures and failed to execute, and drones that put process in front of progress are gone.
Technology Architecture senior leaders are bailing