10% of CDKi to go - The cull has started
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So we put customer prices up by 10%, but we're only getting a 2.7% payrise ........ UK customers might want to talk to the Competitions and Markets Authority as given Keyloop's near monopolistic position in the market this is blatant profiteering.
Totally agree with the Chief People Officer comments - clueless - would be better off deployed down the nags head.
https://getyarn.io/yarn-clip/aaef3827-fc57-4e3b-a1d8-f20e422b6c66
Wonder when/if Keyloop friends at am-online will run the story on the high profiled CPO leaving Keyloop and how it will look. Tom’s explaination sounds like BS to be honest.
Chief Product Officer that failed to release a single successful product over their term will be the reason. Impotent product and engineering capability continues. Another death nail towards the fire sale.
Be nice
Makes you wonder what the Chief People Officer has got to do to get the boot. JAF 1 was a total disaster. JAF 2 is shaping up to be not much better. She can barely string a coherent sentence together. She's got all the empathy and compassion of a Na-i gas chamber guard. Her judgement is, at best, questionable. Surely she can't stay much longer??????
Shame Elena's leaving - at least she made an effort to try and understand the business instead of just assuming she knew best.
Watts ? Or someone as well?
Who's gone now?????
Another One Bites the Dust
Today I attended a meeting with the highest director in my area. The person tried to be funny, laughing all the time, but people were not laughing. The person also tried to explain different things, but the lack of knowledge in the area was really showing, so combine that with the laughing and you get a really Big jerk/clown that in that meeting threw the last confidence from the team over board. My own manager mentioned that it was not the best performance he had seen of that director.
If all of the responsible persons for all of Keyloops disasters should stand up for it, then all ELT, KLT, SLT and what ever they are called be gone. Yes, that might not be that bad an idea.
Will the person responsible for the decision to move to Netsuite please stand up and take responsibility for the absolute disaster of an implementation process that we are now seeing. Was there any actual diligence done before the decision was made to move to Netsuite, if so please publish this, or was it all down to underhand dealings and untested assumptions?
I can't really see FP funding another round of redundancies (business wide). Surely it would make more sense to sell the business as is and leave it to any future investor to make cuts or pick up a redundancy tab.
Wonder if FP signed the manifest and whether TK would do it if he was presented to it….????
https://www.businessroundtable.org/business-roundtable-redefines-the-purpose-of-a-corporation-to-promote-an-economy-that-serves-all-americans
Prepping up for sale next year
When will these layoffs be announced?
Next round of layoffs being planned to be effectuated in Q4 to ensure numbers such as margin look at year end/start next year. All to make FP happy and Empoyees and Customers unhappy.
All departments seems to be in danger.
I'm sure they developed something a few years ago that reliably converted KCML to Java or something. Nothing ever came of it being put to doing anything useful afterwards.
Retrain? Yeah, right! Given the track record of this company they’ll just be thrown on the scrap heap.
Wow, talk about being negative! How about emphasising the fact that those KCML devs might get the opportunity of getting retrained in those more modern technologies.
They're looking at using generative AI to convert all the KCML code into a more mainstream language/toolset. All the KCML devs might want to start brushing up their CVs!
Here's a thought for FP to consider, perhaps this is the answer we've been looking for:
BBC News - "NatWest profits soar to £3.6bn after week of resignations"
NatWest has reported a sharp rise in first-half profits to £3.6bn following a week of high-profile resignations. The bank announced better-than-expected pre-tax profits.
Just a thought.................................
You get what you pay for. Ask our customers.
That's why the majority are looking to move on elsewhere. India and Czech support networks are simply not what customers want.
It's just mutton dressed like lamb. KLT style
That’s possible, but they are doing it for all officer. Tom and Tony keeps talking about cost/earning ratio per employee, and cutting office cost will benefit that. Especially having in mind that the cost per employee (salary/benefit) in Poland is much higher than anticipated. In general we will in Q2 see a move of jobs towards the cheap countries like Czech, India and Spain.
Looks like the new Business Transformation Exec is holding regular meetings about the future of the Warsaw office. Closed by next summer????
The post below has made me so sad. I can't stop crying.
As a Leader I would say things has bevise worse for us.
We no longer fly on 1st or Business class.
We no longer have an amount that we can spend on pampering our self, our teams or our customers.
We have to work more.
We have to justify all our cost to eg. hiring additional people.
We are restricted in what we can say and do in public, like on Townhalls etc.
Our salary increase is no longer negotiable but is dictated from HR.
Award winning place to work….. just look at how many open vacancies there is and remember a shrinking not growing business and pushing for the magic 40 margin. Attrition rate must be close to 20% and it is always the most experienced, knowledgeable, capable people who can’t take anymore. That’s why the Glassdoor b2llsh1t is back on with fake reviews and comedy one-liners. I hope HR and comms come in as winners… come on!
Behold, just below the example of a completely useless manager.
As a manager, I can only agree. All the perks we are getting, bonus etc. along with the leadership community where er support each other does make it a good place to work. Only minus, is that sometimes we wait a bit to long for decisions to be made. I would put that to be a result of our company size and FP control.
So according to LinkedIn Keyloop is now an award winning place to work - can any current employees corroborate this
Anybody who has left the business recently (either pushed or made redundant) care to say what the current pay out is like?
I worked at Keyloop Prague prior to the FP buyout in a finance support role.
I took the job, moving away from a very respesctable medical company, being offered a very generous salary and monthly bonuses that were too good to be true. Leadership was very okay, the people in the UK/Western Europe sometimes look down on us in a baffling way, as if we in Prague/India are all just untrained monkeys that are just there to collect a paycheck and not to make things better for everyone in the team, the company, with the customers...
The FP buyout was announced and after looking at Killlroys history I started looking for another position, even if we were promised "no layoffs in Prague.
All senior mgmt in Prague was put on Garden leave over the span of 2 weeks, without any replacements. Senior people left in disgust, we were clueless, without any leaders to take ownership or anyone from HR to explain how this was going to evolve. Some people got promoted into roles they were obviously not prepared for, some new management was hired and those people did clearly not understand anything about the industry they were in, the department the were leading, the situation the company found itself in, and some of them were just plain and simple sociopath/mo--ns. I left in disgust.
3 years later, Keyloop now tried to hire me back. Even more generous salary - easily 25 percent over the best offer I have ever had for any role in Prague, the whole formerteams seems to have been replaced. I simply cannot believe this, I am amazed the company still exists, but what dr-gs are these people on? I understand hiring in Prague helps to replace workers in the UK / Germany etc. for less money with worse benefits/protections, but now they are having to pay ridiculous amounts for people who lack years of experience, all the knowledge is gone.
When I joined CDK it wasn't in a great shape, but we had lots of competent people trying to make the best of it. FP doesn't want to rebuild this company, they're running a playbook to make a quick fortune by selling the company out.
Preparations to make up the package and sell it......
Any truth that the Dublin office has downsized to a smaller building
What % sould us minions in the UK be looking at then?
Supernova? Supernova my backside! Loud mouthed, self-entitled, bigoted Tory fascist more like.
I am personally not to concerned around the fact there is differing amounts in different countries as that is to be expected.
What does concern me is yet another 3% slap in the face after years of no pay rises on going 3%. For a company that claims to be successful and wanting to keep people it is making us look bargain basement. Given how hard some people have worked since KL arrival due to very bad decision making no one feels valued. Verbally ruffling my hair and tickling my chin only goes so far.
With the public sector constantly whining that the private sector is getting at least 7% (sure do work for the wrong co) and they have had a 6% signed off its no wonder we still have long standing and very knowledge people leaving the business.
At least Sales will get their commissions and implementation/engineering look good for selling products and setting them up. Those that them have the fix the utter f£$k up (someone in CE has shared with me that they have a major issue across several countries due to a rushed and untested dev demanded by one customer.) they are get a chin tickle and a thank you and not lot else.
I do believe the co is heading in the right direction now and the intentions are good at most levels but the KLT need to understand we are not a cult or an army that can be kept onside through sheer loyalty - they need to reward people in a way that keeps them loyal - a bit like the KLT are.
At least last year I could lay claim to additional 5 days off (4 x picnic and a birthday but even that was reduced this year.)
After a couple of years of keeping the faith and bearing with it, I had a brief look yesterday and plenty of roles for me that pay more so looks I have a busy few days of applications rather than planning how to spend my additional income.