Neustar $3Billion acquisition announced on Dec-21-2021. Since then Transunion stock experiencing head winds never returned story. Spending $3Billion when fed forecast plans to increase interest rates is very certain harmed transunion much more than 1300 employee cut to save $140million per year.
Two years before UK call credit with cash was a big disaster. Transunion hurridly acquired healthcare and sold to Enthrive. Why leadership dont take responsibility of above acquisitions and hamper primary Transunion financial position to this disaster ? Does 10% employees has any stake on above acquisition decisions ? If $3 billion Neustar acquisition cant bring bright results to TU then how come 1300 employees who saves $140 million will bring back TU to shine again. You bought irrelevant business companies and now taking the pain.
Until current CEO and leadership shown to doors TU will not shine again. Tons of contractors are brought in by Ex CTO dont know their interests and now new CTO bringing more contractors and kicking out full timers is insane. Lot of waste expenditure multiple duplicate director and senior manager position for few associate positions. Lots of contract waste expenditures and sick acquisitions during covid time impact TU in long term. Future of TU shines or fades like Neustar is in the hands of its NEW CEO.
Its not late introspect to sell off sick domains acquired in covid 3 years time and eliminate duplicate leadership roles and make a perabola model. Get rid off contractors and vendors from folded dirty hands. eliminate unnecessary cloud projects. Look for home grown assets.
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