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Don't count on a future at PepsiCo

If you're smart, you should have been actively looking and applying for a job from the start of the year, if not sooner. No one is safe here, and I think that's been blatantly telegraphed for a while now. This is not the same company I joined 15 years ago, that's for sure.


MoA Layoffs News-Flash Forward

When TIAA-CREF joined forces with Accenture, it was supposed to be transformational. It hasn't. Read these comments from the TIAA board applicable to Mutual of America's situation:

"and also 50% less of the work and knowledge. And growing as people like the other poster leave or are let go soon will be a loss. I mean lots of projects canceled or put on hold to likely be abandoned later.

D-mbest thing this ceo did here and she/board will probably throw SD under the bus when you know what hits the fan and everything goes from bad to worse when people are gone.

I don’t like it but could understand closing Jax and Denver. But this move was completely asinine. Time will tell. Hopefully I am wrong but I have a pretty steady record of being right about these things here over the years."
$$$$$
50% less work. High Turnover. Slow Results or no results. Delayed & cancelled projects

Sounds like a recipe spelling disaster.


Does Takis Support WFH?

BisigSCAMno destroyed the company and made this place miserable to work for with Sapience and mandated in office hours, minimum 9 hours a day, five days per week.

Mike Lyons brought back some sanity by offering flexibility with pool of remote work days, number of required in office hours and getting rid of Sapience.

Takis was here working with both CEO. Does anyone know whether he's in the BisigSCAMno camp and will likely reinstitute rigid in office requirements to drive away our remaining talent?

Or is he sane and will likely leave well enough alone by leaving the current flexibility?

Or might be do something different?

Is he the type to care about such things?

Is there anyone on here who actually knows his mentality around these matters?


Return to office explained

"Our new research reveals that the objection to any work from home is more likely to be driven by something else entirely: ego.

"The only trait that consistently predicted objections to remote work was narcissism — the tendency to be self-centered and entitled. The higher the opinions of themselves leaders expressed, the more they coveted power and status — and the more they favored return-to-office mandates.

"Return-to-office mandates fail to increase financial returns. They succeed only in motivating star employees to quit, reducing the satisfaction of those who stay and discouraging new talent from joining."


Leadership doesn’t want to be transparent because you wouldn’t like what they told you

Leadership doesn’t want to be transparent because you wouldn’t like what they told you if they were transparent.

Mainly, that they are now not trying to manage a “comeback” as much as they are trying to manage “an orderly decline in Nike’s previously hegemonic industry position.”

Nike isn’t going away. But it is also no longer a growth company, and for several reasons I won’t get into here the company likely reached a plateau a few years ago. The market in which Nike was established and grew effectively no longer exists. Or at least, the old rules that allowed Nike to continuously succeed are no longer the rules.

As a result Nike needs to balance “doing what Nike has historically done” with the reality that the company still needs to significantly downsize. If you’re management, there’s no polite, nice, or pep-talk way to communicate that. So they don’t.

Like I said the reasons for Nike’s decline are multi-faceted and in some ways complex. Nonetheless the company IS now just trying to hang on to what it already has. Talk of a “comeback” is sort of what they have to say but make no mistake; leadership is not naive to broader market trends that disfavor any sort of tangible “comeback”.

My partner will sometimes put on some ugly clothes and ask me, “How do I look?” My partner likes those clothes. So I answer with “You look great!”, and leave it at that.

Should I instead be more transparent? Should I instead engage in “more honest communication”? Maybe. But will that improve matters? Or create a new problem neither of us needed?

One could argue Nike is being kind by not being fully transparent. I’m not claiming that would be a GOOD argument. Just an understandable argument. Because if Nike leadership was fully transparent about the current field of play and what it really means, my guess is that it 100% would not make people feel better.

An on point post, the OP is @20q+1ks86w36m.