Thread regarding T. Rowe Price Group Inc. layoffs

TRP culture is destroying itself

I've never seen anything like it. The leadership is full of people who have no business being in their roles. They've been promoted beyond their ability and they're just making it up as they go. They've created a culture where people just follow along to protect their paychecks. Anyone with real pride in their work would be miserable here. The only reason I'm still here is they pay me well enough to just go through the motions.


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Post ID: @OP+1kvtmpnhm

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Wow - you lot work at a different place than I do. My area rewards hard work, incentivizes innovation, and the leaders listen to feedback and suggestions. Not subversion from the strategy, but rarely is there only one right way. Show you have good judgement and you get plenty of leeway to exercise that judgement.

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Post ID: @ft+1kvtmpnhm

@OP got a couple of drop kicks reporting to one of these leaders. Only got the job because they know to say yes and be-doverLooking for a job because knowing this place is going to go through another round soon.

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Post ID: @fs+1kvtmpnhm

@eq Watching the incompetence is not a bad as finding out what they make a year. That part kinda hurts.

Just about every meeting. “How can we use AI in our group?” “We are getting pressure.”
This is from Km 4-5’s middle management, who have been here forever, originally worked in desktop, call center, or “networking”
Nothing but crickets, lunch, vacations and coffee talk. Don’t even ask about degrees.

I worked for global company before this, there was plenty of the same. Greed, incompetence, theft, affairs and a few mental break downs. Corporate America ain’t life grand?

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Post ID: @f8+1kvtmpnhm

@bb glad it’s not just me! I’ve been sent on multiple wild goose chases by my manager. No context or strategy, no success criteria, false sense of urgency, no solution offered for people problems, shoehorn AI into everything, delivery for the sake of delivery, who cares if we are reinventing the wheel…

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Post ID: @eq+1kvtmpnhm

The governance isn’t working. The governance that’s supposed to protect the culture. All they do is churn out pointless rules. What matters is the eye to see what’s essential — and it’s the essential people who quietly walk away first.

The weaker an organization’s governance, the more rules it produces — ironically. Because people who lack judgment — the eye to see what’s essential — can’t move others through trust or discretion, so they try to bind them with rules instead. Rules are a substitute for judgment. Governance is supposed to mean discerning what must be protected — the culture, the essence — and building the mechanisms to protect it. But when it’s run by people who can’t see what’s essential, it degenerates into nothing more than a tool for management and control.

What’s left behind is just the surface-level politicians and the slaves. We’re not far now from the moment every problem finally breaks into the open.

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Post ID: @e3+1kvtmpnhm

Imagine there’s one garbage leader — someone with no real leadership qualities, basically a con artist. He surrounds himself with people who’ll do whatever he says. It’s easy: he just hires and promotes only those types, packs the place with them, and rots the organization fast. An organization can collapse in an instant.

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Post ID: @e2+1kvtmpnhm

One odd thing was they went all DEI. Now, diverse IT teams are being let go in favor of workers from only one country, and it seems the jobs they have hired Americans for are all various levels of management and all white men. I have been a contractor before and my contracting company handled yearly reviews, timesheets, etc matters so what are all of these managers going to do? And to your point - they could keep a handful of managers and use AI. Considering the decisions made lately are poor ones, AI could not do any worse!

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Post ID: @db+1kvtmpnhm

The leadership at this company is capable only of small, timid thinking. What they’re good at is micromanagement — and getting their subordinates to do that micromanaging for them. But that kind of leader is exactly the kind AI can already replace. What’s missing here are leaders who can propose bold ideas backed by sound logic, and actually bring them to life. That requires intelligence. Management doesn’t require intelligence — all it takes is the ability to throw your weight around. And a leader who can do nothing but harass people has no real value. People with genuine intelligence are supposed to be rare and valuable, yet as this company expanded its headcount so rapidly, I think the number of people without that intelligence simply came to overwhelm everyone else.

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Post ID: @c8+1kvtmpnhm

couldn’t have said it better. the past two weeks have been surreal. it’s like a bad sitcom. the number of hours chasing down the latest urgent enhancement only to be told to stop and chase another, over and over. with absolutely no explanation and no way to make it make sense. i’ve been around a long broke and have never seen anything like it.

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Post ID: @bb+1kvtmpnhm

Amen brother/sister. I was someone who gave the company my all for a long time and watched as political yes men/women did pis all and ruin good businesses while getting rewarded. If you want to work hard and do good by the client then sadly this has stopped being the company for you a long time ago.

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Post ID: @b1+1kvtmpnhm

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