Thread regarding TransUnion layoffs

Jobs vs AI vs FICO hit

US based Transunion company tookover Indias largest credit bureau CIBIL 92% stake holder. It's making double digit growth in its India division with largest consumer base close to 2x of US consumer volumes.

TU CIBIL division needs more positions to support its systems including recently acquired Neustar division. It will continue to grow as more digitailization emerging into rural areas. More business more revenues. More revenues More jobs to support.

US division revenues major hit due to low mortgage files with high interest rates fed policies. Less money flow into its division more job cuts.

During Covid TU acquired lot of companies, Its consolidation of tools technologies products and roles are unavoidable for few years.
TU bought UK based callcredit and closed majority of UK employees during last 2 wayves as its revenues are very low. Soon FICO is selling their own scores without paying fee to credit bureaus a major revenue hit to US core markets. World is changing no more a closed Island. Same will continue other countries divisions of TU acquired bureaus.

AI will takeover majority of data science jobs especially engineering and data analytics. AI dont care boundaries, countries and regions.

Past is beautiful, Today is fantastic day, future is uncertain.


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