Thread regarding Regions Bank layoffs

Anyone know the overall purpose for all the turmoil in IT?

So Regions brought in a new CIO back in 2017 and since then there have been the following:

  • Layoffs and firings in the IT division

  • Hiring in IT of people who all worked at one of the CIOs previous employers

  • Destroying the culture and creating one of high-pressure conflict and a get it done or we’ll find someone else mentality (so we'll destroy collaboration in favor of cya)

  • Repeated communication of all of IT going agile or something by end of 2019 but no real details of what that is or how it will be done

  • The order to stop complaining about offshoring (this seems to be more of a don't question my decisions)

What’s the overall purpose of all this what’s the big win if there could be one?

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Post ID: @OP+WUk7yYv

5 replies (most recent on top)

It's never going to be turnkey ... The ask is always way too specific...

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Post ID: @Tprp+WUk7yYv

No offense, but who cares about a bank's IT department when customers are walking into shorthanded branches, and employees that are actually working directly with the customers are being treated like they are worthless by management?

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Post ID: @ayrk+WUk7yYv

You obviously don’t understand the purpose of the it staff. IT is often undervalued and blamed for problems, but the reality is that regardless of what business you’re in these days, IT is going to be your back bone.

If you want your developers to develop, your designers to design, your bankers to bank, then you need a strong IT culture to support it. Technology brreaks. It moves on at an unforgiving pace and you need a good group of people to keep up and maintain your infrastructure so that the rest of the company can focus on their part.

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Post ID: @ajux+WUk7yYv

A lot of companies are having to deal with becoming a software company despite that not being their core business just to operate competitively. So, I would guess the purpose and big win are to move in that direction and off shore as much as possible to keep the costs down.

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Post ID: @8fkg+WUk7yYv

Does IT culture matter that much at a bank? It's not like it's a core competence. You want the lowest overhead, with real time accurate data and capability for analytics with zero downtime, with security and the ability to mine data at will. None of this should be uncharted territory in 2019, and it's kind of irritating that no one has developed a turnkey solution by now that we can't just dispense with IT staff entirely.

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Post ID: @1mrc+WUk7yYv

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