#future

Posts mentioning hashtag #future

Below are all the posts — topics as well as replies — that mention the hashtag #future.

Mention #future in your post to continue the discussion!

Two empty skycrapers, only one employee left

Two empty skycrapers
Only one employee left inside

It's 2030, every job has been automated. Facilities issues are handled by robots. Desks are empty. Nobody from security staff to janitors to executives are left. All of the doors are locked. The lights are on. A.I. took over all parts of business function or the jobs have been outsourced, but those went away as well. The company is still around, profits and stock are trading really high, but none of the staff are needed any more, executives don't need to hold meetings for anyone, all but one person is left.

That person is me and I'm not sure how they overlooked me, I don't do anything, but I'm still getting paid.


So how exactly are they going to get an extra $500 million in savings without significant layoffs?

To me the most alarming thing out of these Q3 results is their savings target from the original $500 million to a $1 billion.

Takis said they introduced AI and machine learning with Clover risk holds which were a manual review process. Those decision times supposedly declined two-thirds and false positives fell by more than 40%. Then there's the customer contact centers. We have AI agents developed with Sierra that achieved a containment rate above 40%. That means the AI can handle a substantial proportion of interactions without a human agent needing to take over.

You literally have a redesign that reduced the required manual workload by 40% with AI. If you had 100 employees doing that, now you only need 60.

And if you assume the total annual employer cost of one position (including salary, benefits, payroll taxes, other employment costs etc) is $125,000, that's 4,000 employees you could cut to make that additional $500 million. And Fiserv already cut 3,000 employees/contractors between Q2 and Q3 so that seems like a doable figure.

The CFO said most of the expected savings would come after 2027 though, so there's still time at least.

But this is looking grim for a lot of us. It was already nerve racking when you had to deal with offshoring work and automation, but now you add in AI and Fiserv doing significant cost cutting...we are sc--wed. Sure find another company to work for but if it's in the same line of work/industry...you know our competitors are doing the exact same thing we are. There is only jumping into another fire out of the frying pan.

I don't like this future.


Game Over

Natural Gas is done for now and forseeable future. Finish cleaning house and dumping the excess of baggage.

Thank you for your attention on this.matter.


Team

Our Lead to One vision is to know the people we serve better, understand what they need, and use the full capabilities of our company to make their health care more affordable and more personal.

To deliver on our vision, one element of what must change is how we work. Through conversations with you across the country, and our recent Insights Survey, we’ve been listening. You have told us you want clearer priorities, greater understanding of decision rights and accountability, and more authority to make decisions. You have also been candid about the barriers that slow us down: too many layers and handoffs, complicated processes, fragmented ownership, and work that is not always connected to our highest priorities.

Accelerate to One is part of how we will address these opportunities and drive our Lead to One vision forward in the dynamic environment in which we operate. This multi-year initiative will help us simplify, modernize, and spend smarter while improving the effectiveness of our workforce. Accelerate to One has several components: We will stop or reduce work that is not aligned with Lead to One, streamline processes and external spending, use our global capabilities more effectively, and take advantage of technology and AI to rethink how work gets done. We will also evolve our workforce and organizational structure so decisions can be made closer to the work with clearer ownership and leadership accountability.

I want to be transparent: This work will change the shape and size of our workforce, resulting in fewer managers and employees. As our work changes, we must make choices about the capabilities we need, how teams are organized, where work is performed, and the number and types of roles required. Some roles will change, some work will move, and some positions will be reduced. We are beginning to make those decisions now. Leaders are beginning a thoughtful review of their organizations, starting with the outcomes we need to deliver. They will examine where we can simplify our organization, reduce duplication, prioritize results-based activity, clarify decision rights, and concentrate resources on the work that creates the greatest value.

Organizational plans will be developed over the coming months, with implementation beginning in early 2027. Given the importance of Jan. 1 in our industry, we want to ensure the organization can remain focused on delivering uninterrupted access to care and strong service experiences for our clients and customers. We will share information as decisions are made. We will communicate as clearly as we can, acknowledge what remains undecided, and treat every colleague with respect. As always, colleagues whose roles are affected will hear directly from their leaders. When I listen to our teams, I hear a consistent message: We can move faster. We can reduce handoffs. We can put decisions closer to the people doing the work. And we can free up more of our time and energy to focus on what matters most: delivering on our mission and serving people better. That opportunity is in front of us with Lead to One and with building an organization that makes it easier for talented people to do great work and deliver personalization at scale.

We have consistently evolved over time, and this is no different. Next year, we’ll mark 235 years as a company, and we know that kind of longevity doesn’t happen when standing still. We must keep evolving – it is what enduring companies do. We also believe you deserve visibility into where we’re headed. So, we’ll continue to be transparent about this work, including what has been decided and what hasn’t. Our goal is to build a company where our people can do their best work and where, together, we can do more for the people we serve. We have a clear vision, talented people, and meaningful momentum. All of the components of Accelerate to One will help us leverage our strengths to continue leading for the future.


AGI

AGI Market is projected to grow to $27.8 billion by 2030 with a CAGR of 32 percent.
Artificial General Intelligence could independently solve problems without human intervention. So something bigger will happen within next few years where most job role will be eliminated . This will happen for sure


Mandatory Training for Select E3 Employees

I got an email this morning that was sent to “Select E3 Employees” saying “Building Our Skills for What’s Next” and it goes on to say we have to take a mandatory training (that’s personalized to our role) by end of November….geared around shaping what’s next for business and preparing for the future.

Should I be nervous?


Bennington College Faces Potential Faculty Cuts

Bennington College is addressing faculty concerns regarding possible layoffs due to an $18 million structural deficit. The college president stated that these measures are necessary to strengthen the institution's financial foundation and ensure its future. Voluntary and early retirement incentives have been offered to faculty, and staff experienced some layoffs last year. Further reductions, including faculty positions, may be required to align staffing with student and curriculum needs. These difficult decisions aim to preserve the college for future generations.

https://www.benningtonbanner.com/local-news/bennington-college-addresses-faculty-concerns-over-possible-layoffs/5037245

Bennington, Vermont


You do realize there's no way out of this for Oracle?

Right? Too much debt, too much reliance on data centers, too much of being used to fulfil the dreams of a nepo-baby, and very little of doing what we're actually good at. This company has seen its best days and is never going back to those times. And I can't emphasize this enough, it's not too big to fail. Which we'll all realize in the coming years.


Any hope for the future?

Thought I'd change it up from the usual posts on here. Is there any hope for Medidata's future and/or has anyone heard anything positive lately? Anything that suggests things might actually be looking up?!

No, I don't want to hear more talk about "headwinds" and "bookings at an all-time high".


Future of Webster Complex

Is engineering slowly being shown the door in Webster or will they have future roles with Lexmark machines? It seems not much is mentioned anymore with what is going on there.
Last I knew they were doing a few controllers for fuji engines, is that phased out now? Are the software groups staying put or being offshore.
HCL did most of the work I believe onsite, has that changed?


By the time Nike turns the corner, it will be much smaller than

reduced Nike today.
And the arrogance and blind confidence that they had will be long gone by then.

Everyone in the company will be hoping for Nike to reach $30 Billion in sales soon.

PHK, if he alive then will be worth 2 billions.

And Nike employees will run into people like me who will be talking about good old days on the bar.

That is how things will be 6 years from now


Karma

Let all those good people go last Nov for.a brief stock jump - stock took a dump back down to where it was. Wait until Elon starts taking subs - game over. Verizon will be a fiber biz at best and we can’t even do that effectively.

Watch it happen - 2-3 yrs max .


Move On!

09/25 here. Move on guys it’s a brave new world. There is no future for legacy companies like Oracle. For those who have not tried Claude or its reasonable facsimiles, just do it. India has been canceled. Retool and hit the bricks.


Build a Rocket Boy Enters Administration

Following significant layoffs, Build a Rocket Boy has officially filed for administration. This legal process indicates the company is insolvent and unable to meet its financial obligations. Administration aims to protect the company from creditors while a solution is sought. Opus Advisory Group has been appointed as the administrator. The future of the company and its game, MindsEye, remains uncertain.

London, United Kingdom

https://www.destructoid.com/mindseye-creator-files-for-administration/


Dst will be forgotten due to layoffs

In 20 years from now, Dst name won't be recognized in kansas city. The management that was always in the kansas city business journal will have passed away, the buildings sold or torn down, the computer systems thrown away, the clients merged with other companies, its will be totally unknown to the kids born after 2010. Its gone


More RTO reporting for managers

We were told there is a renewed call for MN and DC offices rto. Managers will get more reporting and will have employees on it that are 3.5 days per week or less in a rolling 12 week period.

My read: this is another marker that will determine who gets put on future rif list


"Change is the medium for opportunity."

Today Oracle has released me to meet my future head on with no impediments for this former remote OCI gal. I love a good rollercoaster ride, so here's to looking for, and finding, all the silver linings and rainbows. They shouldn't be too hard to find if I keep my rose colored glasses within reach.


Leadership Exchange - Special Edition

“As we continue Forging the Modern Mutual, this meeting will provide leaders with an update on the company's enterprise transformation efforts, including key milestones, insights, and what you should know as we continue to shape our future operating model and ways of working.
Note: Given the topic, we've opened this meeting to include assistant directors senior directors, and vice presidents, regardless of people leader responsibilities. We are also inviting the Elevate cohort-including SLT, ELG, vice presidents, and managing directors-for awareness and the opportunity to participate.
While in-person attendance is encouraged, given the larger group, seating will be on a first come, first served basis. More details will be shared closer to the event.“

Snap. Snap.


Huron Consulting Group Concluding Soon

From the ITS newsletter: "The Future Platform Evaluation initiative, led in partnership with Huron Consulting Group, will conclude in early September with recommendations and a high-level roadmap for our future direction. This effort has been shaped through close collaboration between ITS leaders and partners from across SNHU and will provide an important foundation for future decision-making."

Anyone else worried that layoffs are coming?


Degradation of long term employment culture?

Title. I’d imagine folks here agree but want to get personal thoughts, observations or anecdotes. What is the future of this company for its employees? A more transactional model? Is this company that the older employees extol the same company that were living in now? Will the pension be around long term?


STCB News Please

I know there have already been quite a few posts about STCB, but still I wanted to ask again because I genuinely want to understand what the plan is going forward.

For me, the biggest confusion is whether it makes sense to start looking outside and jump to another company earlier than I had planned, or just stay with STCB, take it a little easy, and see how things settle down. With so much uncertainty, even a little clarity on the future would really help.