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Now is the chance to fire thousands of innocent employees for cost cutting and get praised for it
Better.com’s CEO wishes he had done this
Chief
Gosh I have no idea. Why would a company want to exit a country lead by a violent dictator murdering civilians in a foreign land. I can’t think of any reason. 🙄
Continuous improvement, that's nowhere as simple as you probably imagine it to be. For a wide variety of reasons, including the following:
1. Which of your clients would currently respond "sure! I'd love to have you guys bring your Russian operation into my business!" if asked? (Pro-tip: you should fire that client, they're either criminally insane or criminally incompetent ...).
2. Who would even employ your people? Usually, you do need such a thing as a local legal entity / subsidiary for this sort of stuff. As long as you have employees in X, you'll be doing business in X.
3. Even if you found a way around 1 & 2: it would be insanely risky business: new sanctions could kill your operation at any time, you might have problems even paying your staff sooner or later, if instability increases your employees might not be able to safely come to work ... not much business sense in it.
Rising Star
Real answer- Probably a small market already that will shrink alot due to western nations pulling away. Plus the sanctions aren't likely to go away anytime soon so money will be locked into the Russia market. Plus bad optics with the rest of its consumer base. Plus execs are still human and probably don't want to support Russia in any way
Because we're ceasing all operations in Russia. This includes terminating client contracts and, yes, the employment of Russian employees, too!
In other words: unlike some of the other firms, we're not suspending. We're, literally, closing shop.
We all feel desperately sad for our Russian colleagues, many of whom we've personally interacted with over the years. But then, it's sort of obvious that if company X has no operations in place Y, it wouldn't employ a local workforce there.
Other consulting firms have stopped operations in Russia without firing everyone - putting them on projects in other countries and looking for transfer opportunities.
Firing everyone in one go is just nasty behavior.
Chief
🙄
Lol Accenture is really that evil, WOW! Uses the first opportunity to fire a bunch of people who have zero power over Russian politics. Definitely just cost cutting.
I can’t imagine being a MD in Russia right now. Having dedicated your whole life to Accenture and lose your job so suddenly + have a significant part of your wealth blocked because it’s in the US + charges that must be pretty high because of the lifestyle… I wasn’t surprised that Mrs. Sweet acted that quickly (after all, most of her mails use an « emotional » lexicon), but I wonder if that would have been the case if her husband was not neck-deep involved in the Republican party…
Doesn't every little bit of economic impact increase the pressure on the Russian people and govt? Maybe will lead to more impetus to act...(or at least contribute)