Congratulations to our executive leadership team on successfully driving our stock into previously unimaginable territory.
Who could possibly have predicted that eliminating enormous portions of the workforce—including experienced employees from highly profitable business units—while aggressively replacing institutional knowledge with cheaper, inadequately trained offshore resources from a less than reputable company might eventually have consequences?
Apparently, decimating staff levels, increasing workloads, degrading service quality, frustrating clients, destroying institutional knowledge, and asking the remaining employees to enthusiastically embrace the whole thing as a "transformation" isn't the foolproof recipe for shareholder value we were promised.
The truly impressive accomplishment, though, may be the culture.
It's difficult to imagine how you could create a more demoralizing environment if you actually set out to do it. Employees get to wake up every morning wondering which department will be dismantled next, which colleague will disappear, which function will be outsourced, and which new corporate initiative will explain why all of this is actually fantastic news.
Nothing inspires engagement quite like watching competent people leave while everyone remaining is asked to do more with less—and smile appreciatively because someone put the word "strategic" in front of it. Have you noticed we've started to lose some of our best voluntarily?
So, genuine question for those who have escaped:
Has anyone left and landed somewhere that actually pays better, values experience, and doesn't make opening your laptop every morning feel like you're volunteering for a psychological endurance experiment?
Asking for everyone outside of the SLT.