Software makes massive profit. Family is so greedy that is not enough. Listening to egomaniac from B&T and the promise of cheap offshore labor to squeeze even bigger margins. Quality and customers will suffer. You will cost shareholders millions before you realize it was a mistake and it will be too late because best talent and knowledge will be gone. Egomaniac will be richer. Everyone else loses. Sell your souls for thirty pieces of silver that you will never get.
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US schools please buy our books but we won't hire you when you graduate.
This is the new strategy by Follett. They are rearranging the deck chairs on the Titanic again. They are already outsourcing FHEG and EIT to India. You should not think this is limited to IT for products we sell. B&T and FSS IT that supports the business will also outsourced to India. Follett needs the ability to defer payments for payroll to survive so they are partially looking at this as a cash flow move. By having IT with one vendor they can defer payments to the vendors as they do with all vendors and save millions in cash flow. There is no internal IT in the future of Follett. Remember the dividends are SACRED to the family. This how they live.
BF lost all my respect. Can’t wait to be out of here. Does she know anything about business? She’s reactive and not proactive. Been downhill since Nader left, likely because he disagreed with someone with the last name “Follett”. She makes poor business decisions (look at Book Fairs!) and finds someone else to blame. She’s an embarrassment to the company.
Already updating my resume. I know of several others in the department doing the same.