Some management and leadership positions are moving to Denver from regional offices, but the teams will be in India. (That’ll be fun to try to manage) Denver teams will also be moved to India. A lot of managers were not even aware that their teams were/are impacted until their employees were offered “packages”. Most employees that are “impacted” will be around for months if not a year for “knowledge transfer” in order to get the severance package. Outright redundant or useless employees will be gone more quickly. WU is desperate to maintain its stock price, which means they have to keep paying its dividend, which means they really have to cut costs. The CEO is very elitist and is clueless about operational management, so the company has become grossly inefficient during his (Hikmet’s) tenure, and it’s too late to turn the boat around at this point. Incompetence hires incompetence. The last two CIOs ( David and then Sherri) were grossly incompetent, so tons of technical debt has built up, and large projects significantly delayed or over budget, or grossly mismanaged, but they sure were good at telling Hikmet and the board what they wanted to hear. The WU WAY program is just BS marketing for wallstreet. WU is just propping up the stock so another company will buy them for the WU brand name, but the company will have to be chopped up after that, because of the MASSIVE technical debt is has and will get worse with software development moving to India. (Please see British Airways Ops software, Boeing 737 software and the id–t engineers who designed the Hwy36 bridge approach that collapsed, as examples of what happens when you offshore work to India - you get what you pay for). WU will be nonexistent in 3-5 years, if not sooner.
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This is part for the course, WU is well known for offshoreing jobs. First it was Vilnius, then it was Costa Rica, now it's Pune. Seen this story play out many times in my 25+ years with the company. They will probably fly them into San Fran so that you can work hand in hand, that will be a great experience, maybe you can buy some beers for them while they are there, have drinks. But they will probably run to the malls to buy whatever they can because that's the culture, they don't care about building relationships with you. I will say the Vilnius people were fun, liked to party, typical Eastern Europe mindset.
Anybody with an ounce of experience working in, or with, IT knows that you will NEVER be “Technologically Innovative” with the majority of your software development in India. So the CEO outright lied to investors and employees. Yes, the company is obviously just trying to keep the stock afloat while praying someone buys the company. WU will be lucky if it survives to the end of 2020. For those that got “impacted” congrats on getting a good severance package and getting out while the going is good. For those that are left, good luck, you’ll need it.
Good summary of an old and tired company. Too bad the CEO ran this company into the ground with his globalist hopes.
What a joke. Those of us in the san francisco office are expected to train those in Pune to take our jobs. This feels great.
Yep, send everything to India and close the shop here in the USA.
Sad and sick!
wonder what the company intends to do with the small set of people that have been told to stay in SF and Montvale alike, just to keep lights on until they get laid off too?
On one hand they announce closure of regional offices, and they keep few employees in those.