Thread regarding 3M layoffs

Finance in IT???

In the name of all that is holy, why is IT Leadership allocating scarce resources (headcount and salary & benefits) to fund this ITBM team? As you might guess this team is part of Strategy & Services department. The people in these positions do not have any real IT experience so you have to hold their hand on every discussion of anything IT related. Look at the salary range of these positions.....REALLY? FOR REAL?

IT Business Management Finance Leader: The expected compensation range for this position is $221,591 - $270,834, which includes base pay plus variable incentive pay, if eligible.

IT Finance Business Analyst:
The expected compensation range for this position is $124,127 - $151,710, which includes base pay plus variable incentive pay, if eligible.

#Finance #IT #Leadership #Resource #Headcount
by Anonymous
| 86 views | | 15 replies (last July 14) | Reply
Post ID: @OP+1kvpmma7k
Comment! It's anonymous!

15 replies (most recent on top)

@2sj This is very specific - you could pick any SVP and say the same thing right now.. no one is safe. How do you know this is legit? Having a hard time believing this is finally going to happen. #readytocelebrate!

by Anonymous
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Post ID: @3ct+1kvpmma7k

What is the value of the IT Business Management team? I can’t put my finger on the answer….anyone?

by Anonymous
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Post ID: @2th+1kvpmma7k

@2rc Anu and BB don’t see any value in audit or compliance. Goal is to have Audit cost 50% less. They will combine audit with another function or downgrade the role and get rid of another useless SVP. Change will occur by end of August.

by Anonymous
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Post ID: @2sj+1kvpmma7k

Sure. His portfolio is shrinking and being transferred to others. Anu is unhappy with his performance. And audit will move to a different functional area. Strong probability he will ‘retire’…

by Anonymous
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Post ID: @2rc+1kvpmma7k

@1g1 have any more info on this?

by Anonymous
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Post ID: @2kz+1kvpmma7k

Asraf’s downfall is in motion (finally)!

by Anonymous
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Post ID: @1g1+1kvpmma7k

For ESC it is Mars consultancy. They are recommending for ESC plants to cut 20% headcount support for the large plants. Just wait to see.

by Anonymous
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Post ID: @1ed+1kvpmma7k

All these changes are coming from McKinsey. Anu and Billy love them. They will blindly follow what a mid level manager (literally!) in McKinsey is telling them.

by Theblob
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Post ID: @qm+1kvpmma7k

Lets expands the IT Business Management team, after all they know best.

by Anonymous
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Post ID: @k0+1kvpmma7k

At one point in time wasn’t IT under finance until MM was hired? Maybe in the Monish days?

IT was also intertwined under/with on-site engineering ops (plant engineering) at some point too. Odd pairing. Nancy was around then.

In these cases the business wants a “translator” so they stick a finance SME in a role in IT. It’s a shell game really. OP is right about the impacts on others supporting the concept. It becomes a burden and time consuming.

by Anonymous
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Post ID: @ge+1kvpmma7k

Not just enterprise ops, also strategy.

by Anonymous
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Post ID: @f4+1kvpmma7k

@ax Global Business Services

It's what Enterprise Ops turned into, I think.

by Anonymous
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Post ID: @bs+1kvpmma7k

ITBM is IT Business Management

by Anonymous
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Post ID: @bk+1kvpmma7k

Ok. What's GBS?

by Anonymous
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Post ID: @ax+1kvpmma7k

GBS is a division of finance now.

IT wants to own GBS.

It makes no sense. Don't try to understand.

Nobody with half a brain would go along with it

by Anonymous
| | Reply
Post ID: @a7+1kvpmma7k

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