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we were regularly putting models into production that on net reduced costs by millions of dollars a year over the cost of the work. ... The whole Probabili
by geph2021 4y ago
we were regularly putting models into production that on net reduced costs by millions of dollars a year over the cost of the work.
...
The whole Probability division was laid off as a cost-cutting measure
It's comical, I have to chuckle, even though deeper down I'm truly saddened. The short-sightedness and lack of understanding of upper management seems inevitable as companies grow.
- 8bitsrule 4y agoSeems to me that a product/knowledge that can save that kind of money ought to be easily portable to places where it will be properly valued.
- geph2021 4y agoIt sounds like that was perhaps the path: We were almost ready to be spun off. Turning an internal tool (or what sounded like a customized process, for each internal team/group) into a portable product fit for a broader market can take considerable effort.