CFO just announced that we are going to cut US finance jobs (both voluntary and CPM) to increase HC in lower cost center like Costa Rica. And apparently only targeting to US finance employees. How is that ok especially when the company took government fund (source from our paycheck) to increase OVERSEAS jobs?
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Change BS Stream
Did anyone else find the SH session on the Change Stream demotivating today? Apparently all of our products are currently horrible and difficult for our sales people to understand and sell, then why are we beating all forecasts for WL and PL? Only the Change steam will save us now. Also, what a great idea for everyone to stretch and do 120%, what genius! Glad Covid and dealing with kids forced back into homeschooling is no longer a concern (it is). It was pretty slick to say we actually increased headcount in 2021, when we fired across US and UK only to hire in low cost countries like India and now Mexico. Not sure if anyone else caught it, but I heard they aren't sure about Costa Rica. Translation, if you work in Costa Rica TR you won't for much longer. I could go on and on about McKinsey, Facebook, Amazon and the Digital/Change experienced know nothing hires, but I better grab a glass of wine and relax.
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Sungard AS is dying
In the first week of August, 75 employees in the US were whacked. The rumbles I'm hearing is that more to happen for the rest of the month. There's no question Sungard AS is dying. For five years, sales haven't met its target. These are unrealistic targets. But long-standing customers are leaving.They can't stand the poor service coming out of Costa Rica and India. What's left of product development is just weak. For example, the automated recovery tool is essentially dead. So now you've got executives bailing from the organization. The reality is, good people are gone, products are just languishing without solid progress, customers are frustrated, and the company is adrift without purpose except to RIF employees to make the numbers look good.