Copy and paste the link, this guy really gets to the bone with his views, I get it’s an opinion, and everyone has one
https://reformingretail.com/index.php/2022/12/06/ncr-splits-in-two-so-it-can-deliver-twice-the-disappointment/
10 replies (most recent on top)
I was told today that when the company separates into two that the retail side will not have any higher paid CEs. Meaning if you earn a certain salary you are not going to be considered for Retail, only the Finance ATM Network side. I don’t have a lot of confidence in this as I know several CEs on other teams who make as much as me or more and are in Retail. Has anyone else heard anything about this as part of the transition plan?
Similar messages as all other all hands. No new info
There was a Listening Session this morning unfortunately I missed it. I have to wait for the replay email. Did anyone on this post watch it and any new updates or timeframes as to this transition plan. I’ve heard nothing so far from the Management in my area.
lol...
Maybe the digital banking business has some salvage value, but everything else is a literal liability.
Why?
Because you’re going to be tasked with providing support to old, sh---y hardware business units that call themselves SaaS, while customers flee for competitors. It’s a festering boil of a business, oozing pus until it drains itself and there’s nothing left.
It’s a good article, but nothing new as this same stuff been going on since “flight of the buffalo” Ceo Jerre Stead. Probably longer.
Retail is the only side still growing, in the past the ATM side was stronger but in recent years that has shifted. Less ATM sales, SCO sales have rocketed.
Interesting article this person sounds like a possible ex-NCR employee but just guessing. No one has talked about declining ATMs on my end. Only that retail is shrinking due to online which we kind of already knew. Management is always hyping the ATM side and how much money it brings in how important they are to service with tight SLA. My TL consistently talks down about retail. CEO from both NCR and Macys made a ton of money during the height of COVID despite not taking a salary for a short period of time.
Post that in Yahoo finance for the investors. Hayford and his team of talentless money grubbers are outed. I know its been said by others before but Hayford is not interested in growing NCR, his aim is for him and his boys to cash out.
The article compares NCR to the actions similar to the windows of Sears a few years ago. Splitting Sears and K-mart to unlock shareholder value would not have helped.
Oh wow. That article spoke savage truths.