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A comment on ThoughtWorks has been sold to private equity. Parent comment

Re:ThoughtWorks has been sold to private equity by alphatwos on Wednesday August 23, 2017 @02:06PM (#15083700)
The cuttings will continue to happen (there has been a lot of layoffs) on the operational team, with downsizing and cost-cutting. Fewer travels, less expensive hotels, and luxurious meals. Also, the 'social justice' projects are already halted.
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Re:ThoughtWorks has been sold to private equity by brepl on Wednesday August 23, 2017 @02:26PM (#15083868)
> the 'social justice' projects are already halted

When did that happen? Was it done to make the company more attractive to buyers, to protect profits, or for idealistic reasons?

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Re:ThoughtWorks has been sold to private equity by nunez on Wednesday August 23, 2017 @09:31PM (#15086914)
Operational cost. TW was hurting for money and couldn't afford it anymore.
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Re:ThoughtWorks has been sold to private equity by nunez on Thursday August 24, 2017 @11:17AM (#15090781)
There are some moments when I accidentally speak too soon; this was one of them. I was incorrect re: "TW was hurting for money and couldn't afford it anymore."

I didn't have all of my facts straight when I posted this and should have thought more carefully before I did so.

Apologies to anyone I might have offended by posting this. If you'd like to talk more directly about this, feel free to email me at any time. My email address is in my profile.

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Re:ThoughtWorks has been sold to private equity by Scuds on Wednesday August 23, 2017 @11:00PM (#15087298)
ouuuuuuch. I'd interviewed there and had to pull out of their (lengthy) process, but this was one of their selling points that was mentioned by the recruiter and interviewers.
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Re:ThoughtWorks has been sold to private equity by ramblingEsh on Thursday August 24, 2017 @01:55AM (#15087895)
Carlos I'm really surprised to see you propagating fiction under your actual name. This shit straight up didn't happen, there are still social justice projects actively going on.
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Re:ThoughtWorks has been sold to private equity by nunez on Thursday August 24, 2017 @08:15AM (#15089425)
Howdy; I remember seeing something about them being halted indefinitely, and they seemed to be halted when I was on my way out. I don't think it's bullshit based on what I saw but I could be wrong; do you have counterclaims to prove otherwise?
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Re:ThoughtWorks has been sold to private equity by reubenmorais on Wednesday August 23, 2017 @06:48PM (#15085870)
They were moved into their own organizations separate from TW.
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Re:ThoughtWorks has been sold to private equity by twthrowaway on Wednesday August 23, 2017 @08:34PM (#15086606)
They were and then those were disbanded a few months ago, presumably in preparation for this deal.
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Re:ThoughtWorks has been sold to private equity by reubenmorais on Thursday August 24, 2017 @06:51AM (#15089030)
Doesn't match what I'm seeing first hand: I know people who are working on one of those organizations and it's operating normally.
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Re:ThoughtWorks has been sold to private equity by snark42 on Wednesday August 23, 2017 @06:00PM (#15085600)
>fewer travels, less expensive hotels, and luxurious meals.

Doesn't the customer typically pay all these costs for a consultant anyway?

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Re:ThoughtWorks has been sold to private equity by nunez on Wednesday August 23, 2017 @09:31PM (#15086913)
Eats at your margins if expenses go over holdback, or the percentage of the sale dedicated to travel.
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Re:ThoughtWorks has been sold to private equity by brudgers on Wednesday August 23, 2017 @08:10PM (#15086457)
The customer pays them. And the customer pays the markup on them. And it should generate positive net revenue unless something is done wrong, and I doubt that Thoughtworks is doing it wrong.
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Re:ThoughtWorks has been sold to private equity by lonelydreamer on Wednesday August 23, 2017 @06:16PM (#15085687)
They do, but it reduces your profit...
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