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Don't have access to the full article, but off shoring seems like a big factor. Lot of laid off teams are being reconstituted in LCOL countries like Romania and

Don't have access to the full article, but off shoring seems like a big factor. Lot of laid off teams are being reconstituted in LCOL countries like Romania and India

jordanb 3y ago
Yep this is it. Of course during the first RTO push I repeatedly told all my colleagues that the natural evolution in the minds of leadership is going to be "if their job can be done from Lake Tahoe it can be done from Bangalore." Now our company is implementing a McKinsey designed plan to move the bulk of our employment to India. The expectation is that headcount will go up but with much cheaper resources. McKinsey insists that they've done this a bunch of times with different companies and it's gone swell.
- alephnerd 3y ago
  > "if their job can be done from Lake Tahoe it can be done from Bangalore." Yep! I explicitly warned about this happening on HN multiple times during that time period because I myself have done this for employers, but no one listened and downvoted me. I'm getting great schacenfreude.
  - jondwillis 3y ago
    Replaced in-house engineering with off-shore? Personally, I can’t imagine feeling okay doing that, let alone schadenfreude… why?
    - salawat 3y ago
      Management types have selection pressures that favor specifically selecting for an ability to dehumanize. This is not necessarily coupled with any great excess of foresight.
    - alephnerd 3y ago
      It's still in-house engineering, but now now it's abroad. And schacenfrude for warning this exact thing would happen due to RTO
- knightofmars 3y ago
  It can go "swell", but when it doesn't then it's a train wreck of the worst sort. And boy do the blame and the finger pointing go into overdrive when the wreck happens.
- orwin 3y ago
  In France, the bank 'Société Générale' did that 15 years ago, 5th biggest French bank and at the time they decided to do that, probably the bank with the best IT systems (they had less legacy systems than bigger banks and did better tech choices). It's now still the 5th biggest bank, they bought an online bank, and are restructuring because of all the French banks, it's the one that spend the most in IT (at least it was 2 years ago). The CFO/CEO who pushed for this got out with a lot of money (Oudea, his wife is in charge of the Olympic games this summer).

Don't have access to the full article, but off shoring seems like a big factor. Lot of laid off teams are being reconstituted in LCOL countries like Romania and India

jordanb 3y ago

Yep this is it. Of course during the first RTO push I repeatedly told all my colleagues that the natural evolution in the minds of leadership is going to be "if their job can be done from Lake Tahoe it can be done from Bangalore." Now our company is implementing a McKinsey designed plan to move the bulk of our employment to India. The expectation is that headcount will go up but with much cheaper resources. McKinsey insists that they've done this a bunch of times with different companies and it's gone swell.

alephnerd 3y ago
> "if their job can be done from Lake Tahoe it can be done from Bangalore." Yep! I explicitly warned about this happening on HN multiple times during that time period because I myself have done this for employers, but no one listened and downvoted me. I'm getting great schacenfreude.
- jondwillis 3y ago
  Replaced in-house engineering with off-shore? Personally, I can’t imagine feeling okay doing that, let alone schadenfreude… why?
  - salawat 3y ago
    Management types have selection pressures that favor specifically selecting for an ability to dehumanize. This is not necessarily coupled with any great excess of foresight.
  - alephnerd 3y ago
    It's still in-house engineering, but now now it's abroad. And schacenfrude for warning this exact thing would happen due to RTO
knightofmars 3y ago
It can go "swell", but when it doesn't then it's a train wreck of the worst sort. And boy do the blame and the finger pointing go into overdrive when the wreck happens.
orwin 3y ago
In France, the bank 'Société Générale' did that 15 years ago, 5th biggest French bank and at the time they decided to do that, probably the bank with the best IT systems (they had less legacy systems than bigger banks and did better tech choices). It's now still the 5th biggest bank, they bought an online bank, and are restructuring because of all the French banks, it's the one that spend the most in IT (at least it was 2 years ago). The CFO/CEO who pushed for this got out with a lot of money (Oudea, his wife is in charge of the Olympic games this summer).