I remind you that your CEO did not move to SF HQ hub to take a $21+ million a year job. He built one around him in NYC. But is laying off rank and file peeps in non hubs. I'd rather be laid off than work for a bunch of hypocrites, do as as I say, not as I do types. The Board is also enablers. Good luck!
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Hudson Yards is a Hub, a Hub for Narcissistic Mo--ns, it’s a LOB.
We all new Charlie wanted to be close to his Daddy, Jamie D . He even kept his hair white like Jamie to make sure he looked like his son.
"a Cantor Fitzgerald scenario"
For those unaware, from Wikipedia:
"every employee who reported for work that morning was ki-led in the attacks; 658 of its 960 New York employees were ki-led or missing, or 68.5% of its total workforce"
I should have been more clear. When I said "entire operation", I meant the entire operation of whatever group was centralized and then impacted by some kind of emergency, not the company as a whole. There are much worse and larger scale things that can happen, but the easy example would be 9.11. If it were to happen again, just how much work do you think about be happening at Hudson Yards that day? Pretty much zero. Hmmm...
Sorry, bad example. I was trying to think of something that would negatively impact the company. Well, you get the idea. Bottom line is that a geographically distributed work force is almost 'disaster proof'. Much less risk. Intentionally and obliviously walking into a Cantor Fitzgerald scenario is truly madness.
Blame the Board. They hired CS and gave him his marching orders, salary and bonuses.
Charlie is a POS
"You’ve never actually been through a true DR or Emergency Event."
The last true disaster Wells had was when Minneapolis (or shoreview?) datacenter was shut down for smoke in the building. It took down nationwide operations.
I'd say the company's IT got better after that, but in the last year or two? It's gotten worse. With all the indiscriminate layoffs and the haphazard tossing applications over the fence to cloud sourcing, we have no idea what will happen in the next true disaster but it will probably be worse. The company is mismanaged from the top.
What’s truly laughable is this train of thought : “ One city gets hit with a power failure, hurricane, earthquake, whatever and the entire operation is paralyzed.”
You’ve never actually been through a true DR or Emergency Event.
The hubs are a joke and always have been. Exceptions alllll over the place, all the way up the chain from a bunch of hypocritical douche nozzles. YOU don't get one, but literally thousands of people do, including lots of executive types. There's also a lot of groups that are pushing hubs with absolutely no recognition of the risk you create when you put all your eggs in one basket. One city gets hit with a power failure, hurricane, earthquake, whatever and the entire operation is paralyzed. It's laughable. After it happens clueless execs will look around saying "why didn't you plebes Identify this risk!!". We did jackasses, we did.
It's too bad these vultures aren't leaving before they decimate the company.
The hub strategy is hypocrisy of the charts... as is the fact C-suite gets paid handsomely despite abysmal performance.
NY is a hub because he made it. The NY city was only a hub for Wealth Mgmt
Technically, NYC is a hub.
Those of us in a hub location are on your side. Don’t let the executive structure put us against each other. Laying off without regard to assessing talent and need is bad business. Not taking advantage of areas with talent pools to fill buildings is ridiculous. It’s wrong. Period.
Its that way in everything unfortunately. Life is not fair and to many of you never heard no enough growing obviously. Grow up and be an adult. OR start your own company with all the slack rules you want.