Don't mention raises... layoffs... or pay for performance if have a question.... HR will be scanning the questions and marking who asks those questions
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Senior leadership is not taking raises? What about their bonus program? Did they lose their bonus? Even if they got a 2-3%, like a few "top performers" got, that's a lot fatter on their paycheck than it is on mine. How many of those that didn't "take" raises were promoted during that year? Technically, that is not a raise but it's still more money. How many execs were added to the c-suite? It doesn't really matter though, does it? We stay for the duration, or we leave. We have no impact. Does anyone believe the surveys are truly anonymous?
I'll give John credit for tackling the layoff question as direct as possible. Did I like that he and his Apollo partner were giving what seemed like smirks while talking about this? No, but give John credit for addressing the topic without a question from the audience to set up addressing the elephant in the room.
I'm not nearly knowledgeable enough about all the biz units to know how competitive Intrado is in each category. I do know that I use some of the products we build or resell on a daily basis and that experience is not encouraging. There are usually much better products on the market and often at a cheaper price point too.
Lots of talk about UCaaS and even some rather dismissive talk of a younger, more aggressive competitor or two in that space. Maybe Intrado is selling UCaaS to mostly the biggest of big enterprises and the offering makes sense for that customer base. But the people I talk to in mid-large size companies are not even considering Intrado (OK, West) for UCaaS. Intrado/West is not even on their radar.
The transformation of moving from a holding company to an operating company? This makes sense if you can execute on consolidating the product lines and make the consolidated product better than the previous products were individually on their own. (Or you can k–l off the competition by scooping it all up. Good luck with that one.) The consolidated product strategy is extremely difficult to do. Look at the track record of well known tech companies attempting this magic trick. There are far more failures than successes on that front. Intrado is trying to do it with a lot of acquisitions. I think Apollo is figuring out what makes sense to keep/consolidate, what makes sense to sell on its own, and what needs to go away. They'll likely get more aggressive as we draw closer to year 3.
so he said senior management wasn't taking raises this year (and didn't last year) so that money could go to employees. does that mean we are getting raises then? Or at least those of us with good reviews.
"It's a RIF when your co-worker loses their job; it's a self-destructing company when you lose yours." -Peter Drucker
Who will be the sacrificial lamb in asking the questions we all have but are too afraid (and, honestly, too smart) to ask? 🔪🐑💀
Do you remember in TITANIC when the ship was sinking and the violinists were playing music among the screaming passengers who were jumping trying to instill calm? That's what all of this reminds me of. The ship is sinking sir! "Iceberg! Right ahead!" Is what many of us were screaming. The execs are already paddling away on one of the life boats while the rest of you are left scrambling on the deck hoping that Jack Dawson will come out and save you. Well guess what?
Jack and Rose got riffed in June.
You are on your own. Annie Wilkes is on one of the life boats too, but she hobbled those who were left with her sledge hammer in the shape of constant reorgs and zero corporate direction.
Enjoy the next Live With John. Listen carefully, you will hear the violinists in the background playing music among all the chaos. Reality TV at its finest.
Someone needs to ask so we get answers and not some dance around the BS stuff coming from the mouth pieces of the managers that don't know anything but YES SIR.