800 more acquired heads soon to be RA'd.
https://www.theregister.com/2020/08/06/ey_to_outsource_internal_compute_to_ibm/
8 replies (most recent on top)
@1zkl: Not only that, but they'll have the "privilege" of training their Indian replacements!
I got one heck of a pay hike after the RA's. . I got into management and moved way up. It's great at 50,000 feet. We don't see nor hear about the poor souls down in the pits . Time to buy my 3rd ouse !
Poor E&Y slobs. Welcome to IBM hell. You will get replaced by Indians in 12-18 mos.
EY has to save themselves funds to combat the numerous lawsuits from former partners and the embarrassment of the wirecard suit forthcoming. Interesting, the thinking that 10M saved in employee salaries will put a dent on the 34B in revenue.
This announcement seems to fit nicely into the “partnership” breakup of GTS/GBS EY gets the consulting, while IBM gets the cloud perform talent. (IBM has had a very poor track record doing “true” cloud perform, so perhaps this is an infusion of talent) The next shoe to drop will be IBM partnering with a non-cloud perform partner (Infosys/Tata/Wipro???), to drop the low margin business to a body shop. By hook or by crook, IBM is restructuring GTS/GBS into a streamlined organization Remember AK’s vision Mainframe in the fortune 1000 Everyone else need not apply
@hyj correction, IBM is funding executives. I have on good authority that executive pay raises happened in June before the freeze for employees.
At EY, and most Big 4, partners are taking a pay cut to keep the business afloat. You’d never see that kind of dedication at IBM. Executives are just selfish.
Ginni needs a bonus on her way out in December. That is why the rest get a salary freeze.
And IBM will keep the inflated EY salaries until October 2021. And today IBM announced pay freezes until 2H 21. Coincidence??? Sounds like the current IBMers are funding the new EY-IBMers