Thread regarding Thomson Reuters layoffs

They don't care what the long-term effect is because they probably won't be around to suffer the consequences

My thought is all of these employee cuts are tied to short term goals/profits for the current executives. They don't care what the long-term effect is because they probably won't be around to suffer the consequences. They probably get a huge bonus if they cut costs by a certain %. Closing the Rochester site is already biting them in the behind since they had no idea that the Public Records project was so complex. They had to offer bonuses to prevent the employees from leaving. Many left anyway - even after quadrupling the bonus amount - since the job market for technology in Rochester is pretty strong.

Well stated @YBbVSr4-2omi

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| 1361 views | | 3 replies (last April 20, 2019) | Reply
Post ID: @OP+YDk4UCS

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Trying to buy back employees with a stay-on bonus just confirmed how poorly the "leadership" understands the skills and domain knowledge required to implement software.

But then what do you expect from a bunch of MBAs, a perfect example of Putt's law:

"Technology is dominated by two types of people, those who understand what they do not manage and those who manage what they do not understand."

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Post ID: @2zpt+YDk4UCS

Nailed it

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Post ID: @ken+YDk4UCS

There will be a lot of bites marks on their butts as things continue to unwind.

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Post ID: @rqg+YDk4UCS

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