Take time off for mental health - stress related and looking for a new role - work on cv, look for new position etc.assistance should be provided for this.
Tell your friends boss to pull their finger out and do some work. They have decided the role is no longer needed. Why do they need KT?
Any tips on navigating the 3months notice period for the ‘knowledge transfer’ element? Asking for a friend :-D
Yes absolutely true regarding the point made that there is always cheaper labour/locations. In the not to distant future AI / ChatGPT will be cheaper then those ‘centres of excellences’ (you know those places set up by career clingers where the ‘experts’ who have 2 months experience try to tell people with decades of experience where they are going wrong!). Enjoy it while it lasts- those that are smug about taking UK jobs will eventually have the same thing happen to them one day and no one will care either :-D
Indeed low cost can always get lower. One of Poland based hubs to sunset (former RedFlag). More teams to go soon.Meanwhile fat cats are doing well celebrating nepotism and games of thrones.
Private equity is to software companies, what glue factories are to horses.
After two stints with TR (spun off to Misys, and then Refinitiv), I will NEVER EVER work for a PE-owned company ever again. I am DONE with the precarity and abuse.
To our "low cost" friends - enjoy the work while it lasts. You'll join us on the scrapheap as soon as even cheaper locations open up. Enjoy the race to the bottom!
Also 7 folks from Sales Support, Order Management - team with 3 exceptions from low cost locations to be onboarded. High cost hubs are apparently a target.
Refinitiv Trade Notification Service - Post Trade Services - 3 redundancies announced this week. The whole of the UK staff are being made redundant, with global operations being retained solely in Bangalore.
You know that its not just UK and world doesn’t begin and end at London?
Which teams are impacted this time?