https://www.bizjournals.com/sanjose/news/2021/04/21/hitachi-vantara-cuts-65-santa-clara-hires-3-execs.html -more layoffs confirmed so we can hire 3 new Execs.
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Jack was another overpaid executive that had to be removed because of his hefty compensation.
Other than Cali, any news about other locations (India, Dallas, Denver, etc)?
another article - https://www.mercurynews.com/2021/04/30/covid-economy-layoffs-surface-in-bay-area-amid-jobs-upswing-tech-edd/
When is the next lay-off of executives?
HV has been going down a dark path for quite some time of treating HV employees as commodities rather than assets. When you treat employees as disposable the impact is what you see internally today. It's a demoralizing environment with such a depletion in morale that team members are asking their managers for a layoff and/or actively seeking other employment. It's truly a mentally sick environment doomed to fail.
Hitachi LTD has always followed IBM’s lead. Just as IBM shed the hardware business, Hitachi will spin off and sell HV. They didn’t spend $9.6B to keep the white elephant. This move will happen soon probably by year end. Profit margins are too high to ignore in the software world. The transformation with HV was a failure and they needed to cut and run with GlobalLogic.
There is a reasonable rumor circulating in the management ranks of a spinoff of HV from H as a public entity. My personal opinion is that is too soon, especially as they have not yet fully figured out the future state organization, but it would make sense. Per my ex-Cog friends, GFK has seen his peers from Cog do the same thing in the companies they went to. And he will want to do the same or one better if there is such a thing.
If so, and perhaps even if not so, we are looking at another round of cost optimization so we look good to the street. Very exciting.
which senior vice president are they talking about NOW? I didnt think there were many left from the old guard...
Jack saw in his crystal ball and has been hinting these IT + OT are happening.. (OT) = Other Take-over!!!
Here is the text:
Hitachi Vantara is cutting its Silicon Valley workforce again.
The data services subsidiary of Japanese conglomerate Hitachi Ltd. plans to lay off 65 employees — 12 on-site and 53 remote workers — based in its Santa Clara office starting May 31. The affected employees have positions in sales and engineering; among those losing their jobs are a senior vice president of business development and two business development vice presidents. Hitachi Vantara notified the state of the cuts March 25.
“We are aligning the company to its new strategic ambition, which requires us to redesign certain organizational structures to help us be more client-centric, and to build new ways to augment our core business,” Hitachi spokesman Steve Macdonnell said in an email.
Hitachi Vantara notified the state of the impending cuts just six days before its parent company announced a $9.6 billion deal to acquire San Jose-based GlobalLogic.
The notice also came about three months after the data services company announced a prior round of job cuts. In that round, it laid off 148 Santa Clara employees. All told, the company cut nearly 300 employees based in the city last year, including a round of layoffs in February 2020. It has around 10,000 employees globally, Macdonnell said.
The latest cuts, as well as those in December, are related to the firm’s new focus on data center efficiency and flexibility, cloud acceleration and data modernization, he said.
Meanwhile, Hitachi Vantara named three new executives Wednesday.
Radhika Krishnan, a former executive at 3D Systems Corp., is stepping into the role of chief product officer. Frank Antonysamy, a veteran of technology consulting firm Cognizant, will serve as Hitachi Vantara's new chief digital solutions officer. Roger Lvin, who also previously worked at Cognizant, will be president of the company's digital solutions unit.
“I’m thrilled about the potential of these leaders to help our clients accelerate their data-driven transformations,” Hitachi Vantara CEO Gajen Kandiah wrote on LinkedIn.
The new appointments follow last month's move by Hitachi America Ltd. to name a new CEO.
Hitachi Vantara is leading its parent company's investments in technology, including the GlobalLogic deal, Macdonnell said. That acquisition will add big tech clients and digital engineering capabilities to Hitachi.
The promotion of Susan M makes it perfectly clear how this company has no idea what is going on. She is useless like t!ts on a bull.
Whatever happened to the COOs from early days of Minori?
I think at 1 point, I reported to 3 VPS, 2 directors and 3 senior managers. At the same time. I agree with that comment.
Its no surprise that this company is top heavy, in fact, this company for the past 15 years has always been top heavy. Everyone in this company is a manager, senior manager, directors, senior directors, VPs, senior VPs, etc.. These clowns are good at "talk the talk" but never “walk the walk” !! These clowns are also very good at taking credits and promote themselves!! Top heavy + Buddy /family/friend management organization never works!
Very soon there will be a Harvard Business Review cases published for this company!!
So this company thinks we need a smaller workforce, but more executives. Well I guess 65 California employees make up the salaries of 3 executives then.
Are there even 65 employees left in Santa Clara?
Does anyone have the full article?
Seriously, how can anyone of value stay in the sh t show of a company? Sales will find it nearly impossible to find net new green field clients. I’d give this sham 6 months before it implodes.
The headlines was :
"Hitachi Vantara is laying off another 65 workers in Santa Clara, while also hiring three new executives"
Detail in short write up:
"After laying off nearly 300 workers last year, Hitachi's Silicon Valley–based data services unit is cutting dozens more jobs. But it also hired some new executives, including two from Cognizant."