Is there really no other way Charlie can think of to improve our numbers? Is he really a one-trick pony who only knows how to get rid of people to make the numbers look good for a quarter and then he keeps repeating the same move over and over again? How is that considered a good leader?
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TK dances on LinkedIn? I have to follow her now.
Eliminate all offices. Let people work from home. Require webcam and use AI monitoring. Trust but verify.
Hey big boss. I know you are reading this. You can let go all of ebce or itv… your pick. It will meet your numbers quick. Your justification- they don’t know how to test and you really done need both of them testing the same thing. Bam ! No more Redundancy . Also they is no added value to either team. More of a pain and a waste of everyone’s time.
@obb Thanks for the RPA def reminder. Yeah I was doing ETL at this He..Ho...le for a year trying to automate a spreadsheet system underpinning a multi-billion /year mortgage trading floor. spreadsheets got to large so someone used desktop SSIS to move them into SQL Serve. Amazing how "little" they spend to digitize this bank in areas. Yup, end up with yet another silo.
Blessings of retirement -- I have forgotten most of this ....
RPA... I think they were getting into a big IBM contract.
I heard a theory once that a reason a lot of CEOs hop around a lot is because most of them are in fact really only good at one particular thing. So a BoD has a CEO vacancy to fill, and determines their company is at a point in its lifecycle where it really needs one particular thing above all else over the next half decade. So they hire a new CEO who’s managed to carve out a rep as being a specialist in that one thing. He’s there for half a decade until he achieves it and his shares vest, at which point he’s got nothing else he really brings to the table so he finds another company that’s looking for his “one thing” and bounces, assuming he’s not ready to retire or just take a break for a while. And the BoD at the old company doesn’t really care at that point because now they think the company needs a new “one thing” anyway so they go get a CEO who is (supposedly) good at that.
I'll cut your costs and quick.
Step 1: Tell all your admin people that they can WFH, but to do so they have to provide their own PC hardware, and they have to take a 10% pay cut.
Step 2: close all the admin buildings because everyone would do it.
A horrendous amount of money is wasted on these buildings for almost no benefit. You could easily have Colo "connections space" rented in a few key cities that was used as needed and just get rid of everything else. These big buildings are completely useless AND expensive.
Why does he have to think? He’s making $30 million a year with zero accountability.
@obb+1tVWBT9H RPA = Robotic Process Automation. It was yet another "flavor of the month" a few years ago. It's still around and probably used in places. But unless you get people to reduce headcount or increase productivity, you're not saving anything. You're actually adding costs b/c now somebody has to maintain RPA stuff-- the right way would be to address the root causes of why these d-mb things exist -- repetitive tasks, copy and paste of data, etc.
Sorry what is RPA stuff?
The revenue side can’t be improved easily either with so much regulatory burden and you have negligible differentiation.
There's no easy way to cut costs in a big, slow a$$ moving company. Top cost categories are typically: People, Real Estate, Travel
Travel is pretty much ki-led for most people unless you're TK trotting around the world to do d-mb dance stuff for linkedin points.
Real estate has been transformed with small cubes and open seating. You get rid of people, you need less space.
And we're laying people off, so that reduces long term costs, benefits, etc.
Eliminating other costly items take a long time. And no guarantee you're actually going to reduce costs. Some joker tried to do a bunch of RPA stuff years ago, it saved nothing. It costs us millions and head count didn't go down (supposedly).
And on some cost items they DGAF. HY is some of the most expensive real estate around and they've been hiring there for a while-- zone 0, most expensive salaries. They don't care THAT much about keeping costs down.