Look at the super senior, very expensive roles thay have created just in the last 3 months. one or two levels just below Stephanie
Chief Tecnhology operations Officer
Head of commercial finance
Head of Corporate Finance
Global Talent, Learning and AI Work Enablement
global head of pricing
Head of incident management
Client success for strategic accounts
Market Engagement leader
each will build their own new army, duplicate costs and add confusion to respoinsbility and accountability
yep, these groups are expanding. 'lean' doesnt' apply to everyone.
expensive external hires coming in
@OP this is classic bad management. The service functions get cut and the bureaucratic groups expand.
The service business groups can be measured on hard targets (pnls, sales targets), but the blioat groups not as easily. so they are measured on story telling and made up metrics that are sellable upwards
@11q oh the stock is going places Straight DOWN
@ny so no money for customer support or developers.
But c level roles are upgraded
This place is wobbling being so top heavy
@OP ceo with no charisma or leadership skill completely surrounded by two levels of messaging people
No wonder why the stock is going no where
to be fair - Head of Corporate Finance and Commercial Finance are not new roles. They're replacements of two existing roles just with new titles.
@jq 😭
FIS will need more data centers to handle all of the messaging and PowerPoints