Just heard they are bringing in Accenture to analyze groups for outsourcing. They’ll do it under the guise of “strategic planning”. If your group is under review, get those resumes polished up!
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In Wholesale and Payments town hall it was said that the partnership wealth tech now has with Accenture is likely just the beginning. I have no idea whose next, but seems there is a next
Hey, found the hSTI guy. How do I know? They think the only difference between offshore and onshore is the "working remotely" piece...
Did anyone get the opinion of “Bob” in New Delhi?
Well, you guys DID prove during C-19 that your jobs could be done remotely. You were quite adamant about it, as I recall.
Goofy Clowns eating soup with a fork
The original CTO Eduardo bloated his area. There were pay grade 116s in that area before there was an equivalent Group Head III at pay grade 116. His original crew could not even come up with and execute on a could strategy but they were paid as if they could. The sad thing is some of the over paid leadership will remain while the working class will be outsourced.
Post from TheLayoff.com
Bill, is that you, you rascal? Not enough views on your latest purpose corner video?
I came here for my daily laugh
You guys didn’t disappoint
Thanks
If you hate it here so much, just leave. So much whining. The door is right there - use it!
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None of the top level IT execs have a clue. Heck, Scott Chase is a self-entitled id--t and the cr-p trickles down.
During the merger they has scads of people in Atlanta working 24/7 while he was at the World Series and he had the nerve to tell everyone where he was going and telling us to we had to do whatever was needed to get the job done. As a 34 year IT pro with 18 years at this pathetic bank I don't understand the rationale & stupid cr-p I see every hour of every day. I have ZERO respect for any of these people. I'm not alone which is why morale is at an all time low. Worse, upper mgt has no problem saying your job can be outsourced to India for 30 cents on the dollar. Even worse than that I have offshore IT people pinging me on teams at 3AM only for them to disappear before noon due to the time difference. On top of that if I ever have to actually speak with them I can't understand a word they speak. F this CR-P. I can't get old fast enough.
CTO Stephenson has no idea what he is doing besides sc--wing others and being Case’s mole. The biggest fake there is out there. He doesn’t interact with us besides being some military general and giving demands. He needs to make himself feel better by yelling at us and making us feel like we are useless.
Call about how leadership was going to be sure Accenture did their job. Yeah, leadership you keep your seat while your underlings have to find another job or agree to be assimilated into the Accenture low paying temp job.
Someone asked if this movement to Accenture (cough, cough layoffs) was going to speed things back up in Operations. Sherlock, things slowed down because people left or were laid. Now we just get to talk to someone in India or who knows where.
Such a Truist koolaid call.
“None of the recent outages were tech related. They were all caused by people”
Poor tech relies on manual processes to fill the gaps, this is a choice made by incompetent leadership.
"None of the recent outages were tech related. They were all caused by people" The explanation provided by leaders as to why outages occur.
Much easier to outsource work and slap SLA agreements on downtime than it is to teach employees. Rather than "wasting" money on expensive full-time staff mentoring, truist recovers some costs associated with outages.
Update your resume if you have any connection to an outage...
Patching
Change
Vulnerability
Middleware
Database
Storage
Network
Problem
Incident
Monitoring
et cetera...
Bring back Kelly King and Godspeed to those impacted...
Anyone who knows me…they know I like to sing
🎶 Keep on Rickin in the Free Workd
Keep on Rocking the Free World🎶🎵
I think they are going for low hanging fruit of the teams that have built their kingdoms over the years with many more FTEs than are needed to do the work.
I nominate Release and Change Management.
If you want a pay cut, I'm sure they are a great place to work
Accenture is actually not a bad company to work for . Great benefits and PTO package . Not saying it’s a good thing but not the worst in world .
Accenture is trying to make ok offers to retain some of the FTEs, but they are only offering close to base pay for a lot of folks and a much much lower bonus. Decent benefits and YOE transfer. Anyone in their right mind getting the offer is going to accept the offer because you pretty much have to and get out as soon as they can. Plus you don't really know what the role will be like. If you want to make less money and deal with the BS of being an underpaid consultant it's a great opportunity. And lastly, it's not just the underperformers, some entire departments are getting wiped out. The underperformers are laid off and at least get a severance, so if you prefer that, tell your boss or start underperforming.
Oh no, not the CTO Monitoring Team!
Anyway . . .
(Back when I worked at Truist, the monitoring team called me countless times in the middle of the night to inform me that one of "my" apps was experiencing degraded performance. And every time, it turned out to be a misconfiguration of their monitoring tools.)
I heard very similar details. Word on the street is that the CTO monitoring team is having their review right now and Accenture is looking to replace 25 Truist FTEs with 10 Accenture employees, half which will be coming from the Truist employees that are offered a position with Accenture. I think they are going for low hanging fruit of the teams that have built their kingdoms over the years with many more FTEs than are needed to do the work.
Just here to confirm the Accenture Outsourcing of CTO, one of the groups we work with reached out to me and let me know they are affected and to warn us. Some got offered Contract from FTE with a pay decrease "In which I can only imagine once you share knowledge with Accenture the you'll be let go without severance since you'd be a contractor at that point, sneaky play Truist", the rest will be let go with Severance. So hopefully you are a severance person if that happens to you or your team. My team may also be in the firing line, we do not know yet. I have already seen the restructuring announcements in workday and don't have a good gut feeling with is normally accurate so I'm applying to jobs and spiffing up my resume. I will say though my team and our more complex team are currently in the middle of A TON of infrastructure changes stretching out well over a year that would in my opinion not be hand-off ready if Accenture is our future. Most of this stuff has been in planning for 2/3 years and any hand-off right now would create large outages. Good luck to all of you
More layoffs on the horizon!