with Accenture's stock price falling today, will there be more layoffs w/the employees who moved over their from the mothership ?
8 replies (most recent on top)
@sa There was no legitimate transformative purpose, except to hire more offshore (India) for cheap labor. It's a mess here at TIAA.
@r0 why did tiaa make this deal w/accenture to begin with ? was it purely a money play to offset the costs of the build out in Frisco or was there a legitimate transformative purpose ?
@q8 and also 50% less of the work and knowledge. And growing as people like the other poster leave or are let go soon will be a loss. I mean lots of projects canceled or put on hold to likely be abandoned later.
D-mbest thing this ceo did here and she/board will probably throw SD under the bus when you know what hits the fan and everything goes from bad to worse when people are gone.
I don’t like it but could understand closing Jax and Denver. But this move was completely asinine. Time will tell. Hopefully I am wrong but I have a pretty steady record of being right about these things here over the years.
@g7 i work in wealth management & we have heard there are a lot of issues during the transition & things are not going as planned. did the company make a mistake by going w/accenture ? it does't seem what accenture is provding is that much different than what we were doing already but at 50% labor savings
Wondering when they release the executives that signed that deal.
This is why I only stayed one year after the transition from Tiaa to Accenture. I knew my worth and how much I had produced over the years. At Accenture I saw that no matter what I did I would recieve the same tiny bonus and no raise. I worked too hard over my career to be lost in the crowd. I also saw that if you were a USA based employee that you were at a major disadvantage because the folks in India are so much cheaper. Tiaa really let a lot of loyal people down wth that deal but I guess business is business
I feel don't need a lot of senior resources in USA location. They already have a lottttt of resources in INDIA.
@OP are you talking about TIAA people who moved to Accenture ? if so, i'd like to know too