Thread regarding Thomson Reuters layoffs

Corporates dept is big s--- up to accounting firms

Company has grown a certified implementer program where they promote accounting firms. There's some good people in this group at TR who also add value, but there's a lot that are nothing more than glorified butt kissers. This is one of the many problems at this dysfunctional place.

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Post ID: @OP+WliVS2x

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Dysfunctional? Is that not a misstatement of the way the business behaves?

Consider, they pay $50m for the best software (Old) in a saturated, highly competitive market place and expect it to grow by 10% pa. Not content with that they start to write new software (New) to replace Old. The first release of New is in a different market place which had previously been known to say "O! that we had Old" of which they had had knowledge for many years. 50% of the clients abandon ship. Unwilling to learn the New black hole continues to s--- in precious development time, so that Old begins to feel neglected and old in its market place.

The attempt to replace Old with New is thus justified.

Capitalised costs of development however eventually catch up with one, with the result that cuts become necessary, which inevitably start with the most expensive developers. It is self-evidently better to keep three low cost developers than one high cost developer. Most of the higher costs developers are working on Old of course. Nobody could disagree with that could they, after all the difference, so I have heard, between the most excellent runners and the best is not in how fast the legs go, but how long the stride is?

Financially, things look better as a consequence. The business is ready to sell. It will take two to three years for the consequences to be felt in the market place. The decision to sell was the right on to take.

I am not convinced that this is evidence of dysfunctionality.

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Post ID: @mtj+WliVS2x

agreed. what do others think?

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Post ID: @ryn+WliVS2x

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