
Best shore?
"Best shoring" - what a horrible phrase
Does anyone have one of these i can borrow? -->
Tax reforms in the US helped shore up the bottom line of cost hurling Frankenfirm DXC Technologies, but the top line slid at the company for third straight quarter since it came into being. At $6.186bn, revenue for DXC’s Q3 ended 31 December was ahead of consensus estimates from analysts but represented a 5.9 per cent year-on- …
Someone I worked with once said that his company had a policy of NOT bidding for contracts that required 'Best Shoring'. Their whole model was based on shipping the operation to S. Asia and halving the number of people working on it.
Made Wall St very happy for a long long time.
He got out with a very decent settlement and is now a Goat Farmer.
"Pyramid correction" is about changing the shape of the organisation. They want the organisation to look like a pyramid with few at the top expanding to many at the bottom. Currently it bulges in the middle with too many middle managers and pyramid correction is intended to fix this.
Ultimately it is just another euphemism for layoffs.
Sometimes ‘pyramid correction’ is about removing layers of management and in HPE I saw it mean the capable leaders being removed more often than the parrots. Another part of it is getting as much work covered by interns and graduate program folk as they are much cheaper than people with actual experience/knowledge/capability. It does help the short term balance sheet but it ultimately transforms the organisation into a low skill, low wage sweat shop with poor customer ratings and miserable long term prospects where the only thing employees look forward to is the chance their redundancy will be on better than the statutory minimum terms.
Bestshoring, also known as rightshoring, is the process of identifying the best location to move manufacturing, IT or business processes for a company. The decision is to be based on quantifiable criteria which are intended to take subjective and political input out of the decision cycle. Many companies use external consulting firms to make these decisions.