Truist Foundry axed today. Innovation not important to the organization
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The Foundry was important because it was the future digital marketing arm. Lightstream was important because it was the future Neobank. Both are gone now.
Next do the Journey Rooms. A think tank of ideas that have no hope of being implemented.
Companies have bought into the stupid narrative that Z’s and M’s need all to be a game or some such nonsense. These hens are going to punish the Truist of the world and it’s already happening.
Everyone who ends up laid off has feelings and families. But, not everything that gets done at Truist has the same level of foundational importance.
Gen Z has somehow gotten labeled with the idea that everything is supposed to be a game, gamification is some buzzy idea on how to get them in your door. It reminds me of how every Gen X kid got labeled a slacker. And why do people keep referring to Millenials as if they are in their 20s and need to be motivated by digital coins in Super Mario coin or whatever?
This was devastating news to me because the foundry only had smart, intelligent people that actually knew how to create at market speed. No offense. And no, I’m not in the foundry but worked along-side some of them and they actually knew how to do api design and how to restructure the monolith infrastructure to something more scalable and faster. Rome wasn’t built in a day and yet, we expect that from everyone.
People can make fun all they want about the foundry just being a chillax place for people, but they were still people, with feelings and families. Cutting the one group that could possibly understand neobanking and the mentality of the young folks is like cutting both legs to lose weight: short-sighted and d-mb. Whoever doesn’t get that Truist needs /needed to attract a younger audience is in denial or so used to “business as usual” that they’re bitter about the work they’re in.
I want to find a better job now. I love all my bosses and my team (I feel I’m in a rare, beautiful island vs a sea of cr-p), but letting go not only of ALL/most of the foundry along side EFM and deposits, makes we wonder if I’m comfortable being left astray by my non-immediate leaders in the long term.
We had good people, and we keep losing great people. Say what you will, but I’m disappointed and sad.
They weren't playing games, they were practicing "Design Thinking". That's what the paperclips and glue sticks are for.
This was a good move. Though cancelled out by the fact they never should’ve invested in long game in the first place.
The let all of Foundry go, but KEPT the game developers. Moving them to the Digital Team to continue working on the game.
Mcgriff will be sold shortly. D-mb but it’s going to happen.
They can't even support the basic banking functions. They need to get that right before even thinking about innovation!
I hardly think a juvenile video game is innovation. Innovation is for Silicon Valley bros with cash to set on fire when financing is cheap. We’re a bank, we have important work to do that we need to do much better. Some areas of the bank that are crucial businesses are starved for tech resources, stitching work together with paper clips and glue sticks, while these guys play games.
I wonder how much that game boy app cost us? Does that mean we’re not the hippest bank around anymore?
Innovation doesn’t mean what they think it means.
To quote Ken Meyer, "people that don't keep their house clean don't get to play in innovation"
It’s just taking an innovacation, don’t worry
What! Did somebody win the million and break them 😂