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Re:ThoughtWorks has been sold to private equity by nunez on Wednesday August 23, 2017 @07:59PM (#15086364)
I am surprised that they didn't sell to Accenture or IBM like I thought they were going to. This sale was pretty much a given. (I worked there for a year.)

I'm pretty sure that TW will cut TWU (onboarding for new starters in India) or scale it back massively, restart sales commissions, close a bunch of their intl offices, cut nearly anything that doesn't make money and build their India office super hard (body shop).

It's gonna be BAD.

Re:ThoughtWorks has been sold to private equity by LouisSayers on Wednesday August 23, 2017 @11:29PM (#15087399)
I'm not so sure they'd cut TWU - it seems like a fairly economical way to train up new grad consultants who get charged out at high day rates when they get back home.

If you do the math, it probably works out as a pretty good investment.

Re:ThoughtWorks has been sold to private equity by nunez on Thursday August 24, 2017 @11:42AM (#15091024)
I really hope they don't. I think TWU is a fantastic program that isn't really offered by other major tech consulting companies. Almost everyone I've spoken with that went enjoyed it and were all the better for going.
Re:ThoughtWorks has been sold to private equity by twthrowaway on Wednesday August 23, 2017 @08:56PM (#15086729)
Yep, there's a ton of deadweight and high salaries in the sales team and management team. Expect that talk of continuing with the same management team to not be true.
Re:ThoughtWorks has been sold to private equity by nunez on Wednesday August 23, 2017 @09:25PM (#15086892)
Well, if you can believe it, the high salaries are still a discount compared to the numbers that they should be getting AND they are still pressured to close just as much as they would if on commission.

Eg if a TW salesperson HAS to sell $20MM of work within that year but only gets paid $300k/year (I doubt it's that high, but maybe), they are still underpaid because most places would at least give them a few percentage points of the margin, i.e. their entire TW salary...

Re:ThoughtWorks has been sold to private equity by billsix on Wednesday August 23, 2017 @10:21PM (#15087141)
> they are still pressured to close just as much as they would if on commission.

Then what is the value of being uncommissioned, except for virtue-signalling?

https://www.thoughtworks.com/news/zero-commissions

But yes, 300K is a discount lol

Re:ThoughtWorks has been sold to private equity by nunez on Wednesday August 23, 2017 @11:50PM (#15087458)
According to those I asked on the matter, it was to mitigate selling 'bad' work. Which didn't really go away.
Re:ThoughtWorks has been sold to private equity by ragnarcs on Thursday August 24, 2017 @10:04AM (#15090181)
There may be plenty of deadweight, but they aren't on high salaries. Pretty much all the management and sales people could get paid (a lot) more elsewhere, and they likely will go now that they aren't bound by any sense of loyalty. And the new owners will help them out the door with golden handshakes.

Everyone wins, except anyone who is foolish enough to believe that 'nothing will change'.

Re:ThoughtWorks has been sold to private equity by nunez on Wednesday August 23, 2017 @09:28PM (#15086904)
> Expect that talk of continuing with the same management team to not be true

Is it ever true?

Re:ThoughtWorks has been sold to private equity by tonyedgecombe on Thursday August 24, 2017 @06:47AM (#15089010)
Not in my experience, I've been through three takeovers now and the same pattern repeats itself, management is all replaced within a short period.

Of course, it could be different in the Thoughtworks utopia.

Re:ThoughtWorks has been sold to private equity by sidcool on Thursday August 24, 2017 @01:00AM (#15087700)
Any examples to corroborate your claim?
Re:ThoughtWorks has been sold to private equity by nunez on Thursday August 24, 2017 @09:07AM (#15089749)
I don't have any. These are speculations.