Like, really? Everything I hear is so vague and general, there are no real details on that. I only associate that with more micromanagement but nothing more specific in terms of processes or so. Is this another fancy way of doing noise for appearances to pump stock price?
9 replies (most recent on top)
Is the future. It’s streamlining. Working smarter. Faster. Harder. It’s accountability, it’s exciting it’s pumped it’s an operating model that’s the envy of the entire world. It’s big it’s beautiful it’s probably the most Beautiful operating model ever seen . I don’t know that’s what they say anyway. It’s hot, it’s funky it’s disco dancing on a Monday afternoon in your underpants.
Well, we're really running out of time. Final wave is upon us. Supposed to wrap next Spring. Get your affairs in order folks.
This P-O-M is just a scam to slow things down. Stop spending on numerous projects .
Frustrate the business and clients into accepting that only necessary mandatory and regulatory projects get done.
We are losing resources. We are replacing people with offshore filler and 4F trainees. No one can throw good money at terrible resources and requirements like this. We spend a lot of money on custom client enhancements, digital assets that went nowhere and redoing reinventing mainframe apps into web based open source thus not really achieving anything new. This is just a way to slow and stop all that until something better takes over.
It surely cannot persist like this. Dermie and his clown car are a Potemkin’s village.
It's kinda the industry standard pushed by management consultants. Autonomous self sustaining teams that are 'hot' swappable, allows for easier downsizing as the work your team does can be replaced by a different team. Gets rid of interconnected middle management like scrum/pm level roles floating within the org.
Downside is obviously case for RIF, competition between teams leading to less stability, less specialization (though not sure how that's gonna work at a bank where many jobs are extremely simple but requires years of specialized knowledge), every team will be fighting for the same scope/project scraps, people have to own more, every team is like a micro-startup, etc.
In a higher performance org, might not be the worst idea. At BNY, this is just a straight scam designed to downsize the org.
McKinsey’s platform operating model = layoffs disguised as “efficiency,” outsourcing jobs while funneling money to the top and gutting the middle class.
They just dress it up with a fancy name to make it sound like it's something good.
I have absolutely ZERO idea what it is. It’s never once been explained to me by my manager nor discussed in any of our meetings. If it weren’t for the weekly emails talking about it, I’d have no clue what you were talking about.
It’s a minimum 10% reduction in expense.
It made McKenzie a lot of money
Its a platform operating model. Its not micro managing. Its supposed to be automating processes to get rid of us humans. Except nothing works for it and. Either do the systems they're trying to build. Yet they give bs demos and deceive everyone including sr management about whats really happening . And because sr mgmt is clueless on what everyone does, they ask zero questions. its also groups of people with zero knowledge of the processes they are sc--wing with. I think that pretty much sums it up