Very obvious that they are just preparing the company to be sold (in pieces or whole)
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@qaq - I think your post makes perfect sense and provides sound advice. I have done all of those things and believe that it is wise to be prepared and through the process you might find something really good even before there are any changes at Resideo. The one thing that just pi#@es me off, is that the inept leaders that have created this mess will likely have a big payday when the company does start to divest. It's just not right that you can profit from a mess that you helped create.
After last weeks layoffs, the attitude of many of my coworkers is that "the worst has past" and the future is bright (particularity after the earnings call). I can't tell the future, but I do want to remind everyone reading these that Resideo checks off all the boxes of a company preparing for sale. To quote from Forbes "signs your company is for sale" - "You’re doing so much with so little – and it’s wearing on people. Your culture has taken on a Lord of the Flies feel. Nothing seems to get done and no one takes responsibility."
I know this is a view taken by many people here as inevitable, there are also alternative voices arguing that those of us talking about being sold is negative talk, fear mongering, and "false news" (cringe). We need to be realistic.
If anything it DOES NOT HURT YOU to 1) shape up your resume 2) reach out to old contacts 3) apply for a few jobs. If anything, it will prepare you if the the company gets sold and/or you get laid off before hand. If the company does not get sold and/or you don't get laid off, having updated your resume, reached out contacts, and applied for a few jobs will only have been a few hours of time out of your life.
Yeah Chill was known to be a piece of junk that can’t scale by design. Madurai at work...
Both granite and Titan went down the ditch at a loss of millions of dollars as developers went crazy with building brand new houses cards ..with the help of IT. So good for developers to get the experience once they leave rezi in hot markets like Austin , Atlanta ...
TCC/CHIL were always junk. Those issues were pointed out years before the spin off. Surprised TCC is still around because that was supposed to be k–led a long ago. I guess Granite/Titan never went anywhere.
Fake... gmail address... looks like a trap
@rfg you are mostly correct and those are not big secrets for the real workers...
TCC-CHILL is finished, having been destroyed by our managing friends that used to be in Atlanta (One quit, the other one moved to Austin instead of quitting (that one will never leave he know a good milking when he sees one)....... At this point we can't recover, as there are severe design issues besides being not scalable -already when we spun. Azure wasn't the solution and will remain on life support. no matter what that current chief of the agile tongue says.
ADI can get really good if they get rid of so many of their VPs. Everybody is a VP there. But they will refuse to change. Lets send our CMO so he can quickly sink them while telling that story about his Lamborghini. (beats the woman and the sausage story of the former CTO -already a HR red flag at the time, but our HR is another story)
Lets think about it ... if our design skills are not good (there is a reason why key people left before the spin) , current management thrives by using a silver tongue and a social network of the same type of "soldiers" to refer to another post, how would you think any M&A would go? You can't even figure out what you're buying... and could be bamboozled by the anyone smarter than them (not a feat considering the person that just left) , at the costs of so many millions we don't have...Buoy is just the pinnacle of engineering design and capabilities gone wrong, resulting in the wrong financial results (but hey people got promoted out the europe of it and others got a nice bunch of millions).
It is easier to destroy over a short period of time, more difficult to rebuild unless you clean out a lot of the current people that have been good "soldiers" of the former CTO and the wannabe... (Who by the way wont ever quit, they know a good milking cow when they see one)
Bottom line we have boat anchors and we need to cut them loose
@rfg - No way this is a shut down. If it is determined that it isn't viable as a whole moving forward (which I think is accurate), they will sell in pieces and get value for the business. At a minimum ADI will draw strong interest and attractive offers based on recent activity in the distribution channel, and they can also break up the other parts to generate cash. The question is, will there be any value left for shareholders when the lawsuits/settlements and divestitures are done? When the stock tanked I was optimistic that there was good value for investors, but as everything plays out I'm no longer so optimistic.
Yes, all that has been done in software is to build resumes of individuals to move to another place. The technical skill is so low it’s a wonder we haven’t crashed on the costs yet
As for hardware none of the team below cares anymore. Yet I would not assume it’s time to exit the company. Do you see ANY of the directors that brought us where we are exiting? No off course because they are waiting for good packages. So the option is to do that and pad your resume like the Austin development teams do, at rezi costs, do experiments, set dates far in the future and never meet them and do many “list” of people in other teams that could be unto your scams.
Engineering is so screwed up right now, ANY of the direct reports of moobs can claim they can be a CTO having learned from their friend the Sony CTO and their boss the mobile gamer wannabe CTO.
They are clearly wanting to continue riding the $ wave and prevent any meaningful change through fancy verbiage...