Re:Goldman Sachs Predicts 300M Jobs Will Be Lost or Degraded...
by lupire on Tuesday April 04, 2023 @10:07PM
(#35448372)
> The only thing keeping many of these folks around is the political clout of their managers and department heads.
People love saying that, but why wouldn't an exec take a multi-$million bonus to cut that dead weight? Or Private equity buy it out to gut it and resell it?
Re:Goldman Sachs Predicts 300M Jobs Will Be Lost or Degraded...
by anonzzzies on Wednesday April 05, 2023 @01:02AM
(#35449511)
That happens as well, but a little while later the ‘organigram’ under these managers will be the same size or larger as, for some reason, more people under you means more money. And every manager has the same thing, so this happens at every level; I know managers only in title who have 2 persons under them and that entire ‘team’ does exactly nothing outside looking busy and taking pay. That way that ‘manager’ who was supposed to be a leaf in the tree and not a manager, makes more than the people under them, so win for them and the managers above them can boast both more people and more teams, so they get a nicer title and make more. At banks.
I would not at all be surprised if these large firms hired consultants from places like McKinsey to come by and analyze the work their IT staff is involved in to see how tools like GPT-4 could be leveraged to "streamline" (aka reduce the headcount of) these orgs, and then dramatically restructured them based on their findings. The only thing keeping many of these folks around is the political clout of their managers and department heads.