Heads-up Caterpillar employees. In his address today, CFO Andrew Bonfield stated the company needs to hire from outside to achieve better diversity, equity, and inclusion. You see, employees who have been with the company for a while are, in his mind, reluctant to adapt to change. So, while the company "appreciates" the service of long-time employees, those with longer tenure will be deemed "suddenly stupid." Sounds like the culling (reorganizations as a way to eliminate roles held by older employees, with a token under 45 thrown in) will continue in the year to come. Happy Holidays, With love from Andy.
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Most id--tic CFO we've ever had: came from a candy company to manufacturing. Stated in his first week on the job all existing ERP ledger systems should be migrated to SAP as soon as possible. Anyone who knows anything about CAT's IT infrastructure over the last 100 years will understand the naiveity of this suggestion.
DEI > talent + leadership
Please don't allow my confidence to offend your insecurity.
Cat let me go at 59. I wasn’t surprised and a little relieved. I had zero negative marks on my work record and had worked many hours in my 23 years. There are many like me who were stuck with nowhere else to go, who fear the same outcome.
It seems depending on location, Caterpillar won't pay what people are worth for their talent and if they pay higher, it's going to be the person who has little experience and litghter skin color; not only that but raises are little to none.
Yea, I have been caught up in the exact same shitstorm. IPSD large engines are now sending design work and even NPI/CPI issues to India now to save money. My job is being eliminated and at 60 years old, I don't have a rats chance in He-l of moving to any other position.