...just heard that all of IT will be moving out of SF and into Pleasanton offices. I'm already hearing a number of people accepting job offers at Ross, and Target. Low morale, no focus, low confidence in management, and the only thing strategic going on: middle managers working on their next promotion!
How's this for structure: out of ~2500 IT personnel, about 400 of those are Managers and above, 650 are full time employees, and the rest....contractors/offshore personnel.
As soon as Trump won the election, ArtPaul announced they are closing Pleasanton and shipping operations to India. I imagine this is good news to the people that normally work out of that office.
The comment sounds accurate. IT and most of Gap Corporate has become bloated with middle managers seeking nothing more than promotions. The passion for the company is minimal. Is this unusual or noteworthy Corp America though?
Investors can remain fairly comfortable though as long as the currently cash rich company can continue to boost eps with buy backs.
I can confirm this - there is a talk about some IT groups being moved to Austin