Well so much for the change in posture with new "leadershits" as folks are still randomly getting tagged and Rif'd. No news, no word, just the same old quiet layoffs to help bolster someone's 10 Mil stock target as a reality and not a bad dream. Exit while you can.
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@wb the math is wrong, with acquisitions it is more like 18K employees that would average $458K per employee. Which is much worse than the competition.. They are not investing in employees, but investing in management bonuses (and raises, check SEC filings..). Having witnessed endless wrangling to make sure execs get paid out for many quarters, it has been a pattern for years. Years. The focus has been to drive services revenue up since that is where the margins are and basically forget about what made NSIT in the first place. You can not pinch it at both ends thinking that you can just explode the margins on services when the pipeline is just not there. Consulting is the most exposed to what's going on with AI just look at what the pundits are saying.. Vibe coding, Claude and other tools makes you less reliant on someone coming in to help you build something when now you can do it yourself without any training or coding experience. So, why would I look at Insight for this when some Jr. grunts right out of school can do the same thing for free? This is going on all across industries and geographies. Also, they are terrible at services, so many projects gone wrong and just look at the casualties in the services team and how many people are bailing that are not getting RIF'd... A LOT.
@OP You won't like this reply, but...here we go anyway... NSIT generates yearly topline around $8.25B, supported by 14,000+ employees. That's roughly $568,600 rev per employee annually. CDW factors out to $1.5M per employee; Connection and ePlus are above $1.1M per employee. Does Insight need to cut deeper? IDK. The numbers say so. This is just revenue. Profitability is trickier - but the public financial earnings statement data also favors the competition. Observing the math here, Insight appears gentle. Value over volume? As an outsider looking in for an investment opportunity, maybe NSIT is investing in the potential of the employees?
$100 Mil more for the stock buy back fund. Seems someone really wants to bag 10 mil. It's the only way to get there. More zip zero hype buzzing with buzz words. Like Insight Prism, which is a hacked Jira board, nothing more. Nothing Less. Worthless Hype. LLM_KGB_Burgers I mean LLM_KGB_English_Pudgy_Puddings. Someone get Jack+Attack on the pickle ball court, he really needs to trim it up with all those 20 OZ american steaks he's been snacking on. Also while at it, maybe bring in some exec coaching on how not to be so boring, like YAWN boring. But hey I built a BOT that looks at something and then becomes nothing. Maybe tout all those distinguished engineers that we have around here like the 10 mil CTO's that are in the cracks and crevices and then sack them, like everyone else. I have seem more talent on the kindergarden playground.
I was just working with a client, we got the boot cause the folks vibe-coded their own solution before we could even get a proposal out the door.
Can't we sell Walmart more phones at a loss please? Oh wait, they sued us... Hey let's do an AI something around security even though we have done quite a few write offs (in the millions) from breaches that we did not disclose as we had to pay off ransoms. It helps when you are in the know vs. listening to a bunch of hallow hype.
Oh wait, let's layoff more colleagues, I mean teammates as what happened to my team, more than 3/4 gone, un-announced, silently sacked. Ghosted in MTC.
Overstaffed and not enough revenue coming in to fund all those heads from acquisitions... Simple math that they can just not understand. Boy that pipeline is looking bleak. So glad we now have salesforce to see even faster how morbid the future is. Here's to the acquisition flywheels out there. LOL. I know let's change comp plans endlessly, let's constantly move the needle to back into a narrative that is unfolding daily. What a fu--ing joke.
tells you the fundamentals haven't changed -- trying to squeeze a couple more quarters before they all dump and cash out