Well, that's sure to work.
We're bleeding funds and don't know why.
OK, we'll hire a bunch of very expensive executives who know nothing about the business!
A publication less kind than The Reg might couch Atos's latest leadership intake as the recruitment of more expensive execs coming armed with buckets to bail water from a sinking vessel. Four more joined the top table this week to assist the multi-year turnaround of the listing tech tanker, which has appointed seven chief …
"In his new role as Group CTO, he will capitalize on his two decades of experience scaling AI & emerging technologies, his global perspective and industry influence to support the Group's ambition to become a global AI-powered technology partner of choice delivering secure end-to-end digital journeys."
Yeah, yeah - I give him a couple of weeks before the revolving door turns once more and he's replaced by a blancmange (equally useless but significantly cheaper and quite tasty to boot).
I, only vaguely aware of the French firm, thought: A to S ... that would right - T to Z would the summer vacation. ;)
Curious and consulting https://en.wikipedia.org/wiki/Atos, found that Atos is the typical (dysfunctional?) result of a series of mergers and acquisitions and that AtoS might have stood for Altos to Siemens after its acquisition of Siemens IT. They didn't manage to acquire DXC - I guess you sometimes get lucky.
The quote from Le Monde ca 2024 "[Atmos had] made a series of poor strategic decisions until it imploded." might we be recycled for some equally large players in the near future.