Just announced. http://www.marketwatch.com/story/target-names-global-tech-and-innovation-leader-mike-mcnamara-as-new-cio-2015-02-03
6 replies (most recent on top)
There was a couple of high-level individuals in TI this week that "are resigning to pursue other interests". Looks like TI is being consolidated, not expanded.
That just means a new round of changes for it. Target has a built a pretty bad tech rep in the last 6 months.
This is concerning: "McNamara also is chairman of Tesco’s technology office in India." If he continues the previous "leadership"'s mantra of sending as much work and knowledge offshore as possible, TTS is done for. DeRodes was right on when he said we needed to hire engineers and reduce contractor headcount, which is probably much of the reason he's leaving. I'm guessing the board members want to "maximize value for the shareholders" and DeRodes' vision of hiring employees who actually know what they're doing was at odds with that. The real kicker is that the board members and most upper management are too shortsighted and thick skulled to realize just how inefficient and costly it is to run everything through offshore contractors.
I would not expect other C-Level folks to be affected, they are way too smart for this, they like their wealth multiplying and they know that Target is a cash cow like no other, they also can only dream about getting a better job than what they have here. So, they will play politics, and survive
So, the rumors on this site were true, I think someone posted 2 weeks ago. Funny, this rumor site beats all gossip financial news sites
So we can expect one more round of layoff at top and across other levels???????