More job cuts at Derivco

konfab said:
I think it is ok tbh. Just not the be all and end all.
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On the flip side of this coin is your position as a manager where performance reviews come around and the guys who have years under the belt just expect default promotions while not having done any different really.

Meanwhile you have a kid (literally by comparison) who is pumping out work and highly motivated ups killing to high heaven and you struggle to promote them because of red tape saying they haven't been in the position long enough...which then leads to the risk of losing them.

And then you end up with the first hanging around forever and doing nothing new, while churning more junior folks who could have done a better job for less money (while deserving more).
 
PackageDeal said:
Count your blessings for now, you won't be able to replace that >170k salary of yours easily unless you join the architect team, which means you could get a 50% increase but way more stress. Think of all the architecture changes that have been done in the last 10 years and consider every single component that needs to work with any change that is made.
I respect the hell out of those guys, sure they don't have to worry about where their next meal is coming from but they need to lead innovation and keep the company ahead of the competition or face mass retrenchment or company takeover.

Also, not everyone needs to earn R150k unless they want to travel overseas for a annual holiday. You can live a decent life on 70k if your partner earns around the same.
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I can replace my salary without too much effort. You don't have to work for a SA company, many devs are quiting full time office work for remote work with international firms. With the new 5 day in the office change i will personally be parting ways with Derivco soon. Quite a few developers have already resigned this month and more to come.
 
Rest_Assured said:
I can replace my salary without too much effort. You don't have to work for a SA company, many devs are quiting full time office work for remote work with international firms. With the new 5 day in the office change i will personally be parting ways with Derivco soon. Quite a few developers have already resigned this month and more to come.
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Agreed.

One of my friends tried to resign from Derivco this week, but he was told more cuts are coming soon and they need him so he got offered a 30% raise.
 
whatwhat said:
Agreed.

One of my friends tried to resign from Derivco this week, but he was told more cuts are coming soon and they need him so he got offered a 30% raise.
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100% that he is going to regret his decision in the long run.
 
Jet-Fighter7700 said:
sounds a lot like dead cat didata,

weren't they also "best employer" at one stage, or are those "best employer" just a bunch of horse droppings, like everything with big flashy marketing budgets.
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Funny I see this, staff where I work are not happy one bit.often hear things like "they must just go ahead and fire me"

Yet we had a company come do a survey a few years ago.everyone anonymously submitted their gripes and issues,many I spoke to didn't hold back.results came in and management praised themselves like nothing was wrong and we all happy.

Few months back we had some other survey thing,most of use didn't bother soon after they were done ,We were rated top employer ,by themselves.

It's all lies, blowing their own trumpet
 
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Curt889 said:
It's all lies, blowing their own trumpet
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Id really like to see how many companies spend big marketing budgets on "best employer" and then treat their employees like dog turds.

makes me wonder if its all just some kind of false advertising or is just a way to spend a marketing budget.
 
Following on from the 2nd round of retrenchments at Derivco it seems the atmosphere is just as ominous at Games Global.

Games Global is essentially Derivco v2.0. Same people, same office, same products & industry.

Microgaming, Derivco, Games Global, Betway, Super Group, Apricot; we all know who sits on the throne.

Games Global describes the recent restructuring as a strategy to enhance efficiency despite previous comments to the media about record breaking company performance & profits. Here is what you will not see on LinkedIn:

> Mass retrenchments including long serving employees (20+ years), high ranking personnel from HR, marketing & senior management

> Game studios & entire departments shut down

> The sudden & abrupt resignation of the CTO

> High performers leaving en masse

> Culture of fear & uncertainty

> Toxic & ruthless management

> Failed IPO

> Accusations of gender discrimination (DEI)

> Project failures

A radical shift from ‘we are listing on NYSE’ to retrenchment emails on Boxing Day.
 
Jon81 said:
Following on from the 2nd round of retrenchments at Derivco it seems the atmosphere is just as ominous at Games Global.

Games Global is essentially Derivco v2.0. Same people, same office, same products & industry.

Microgaming, Derivco, Games Global, Betway, Super Group, Apricot; we all know who sits on the throne.

Games Global describes the recent restructuring as a strategy to enhance efficiency despite previous comments to the media about record breaking company performance & profits. Here is what you will not see on LinkedIn:

> Mass retrenchments including long serving employees (20+ years), high ranking personnel from HR, marketing & senior management

> Game studios & entire departments shut down

> The sudden & abrupt resignation of the CTO

> High performers leaving en masse

> Culture of fear & uncertainty

> Toxic & ruthless management

> Failed IPO

> Accusations of gender discrimination (DEI)

> Project failures

A radical shift from ‘we are listing on NYSE’ to retrenchment emails on Boxing Day.
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Interesting first post.
 
Jon81 said:
Following on from the 2nd round of retrenchments at Derivco it seems the atmosphere is just as ominous at Games Global.

Games Global is essentially Derivco v2.0. Same people, same office, same products & industry.

Microgaming, Derivco, Games Global, Betway, Super Group, Apricot; we all know who sits on the throne.

Games Global describes the recent restructuring as a strategy to enhance efficiency despite previous comments to the media about record breaking company performance & profits. Here is what you will not see on LinkedIn:

> Mass retrenchments including long serving employees (20+ years), high ranking personnel from HR, marketing & senior management

> Game studios & entire departments shut down

> The sudden & abrupt resignation of the CTO

> High performers leaving en masse

> Culture of fear & uncertainty

> Toxic & ruthless management

> Failed IPO

> Accusations of gender discrimination (DEI)

> Project failures

A radical shift from ‘we are listing on NYSE’ to retrenchment emails on Boxing Day.
Click to expand...
Is there any articles or something about GG on the internet about this?

next.io

Games Global CEO confirms staff cuts as business restructures - NEXT.io

Games Global has begun a round of redundancies as part of a wider restructuring of the business, CEO Walter Bugno confirmed.
next.io next.io

Other ex emplyees have no ill feelings.
 
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AI will never take my job...

"What medicine you take?"

"The white one"

"Which white one?"

"It's round"

"What it looks like? "

"Small round white one"

"What you take it for? "

"Don't know doctor said must take it! Are you even a pharmacist you don't know my tablet? "

"Sigh....."

Chat gpt will crash with the conversations I have with people
 
Jon81 said:
Following on from the 2nd round of retrenchments at Derivco it seems the atmosphere is just as ominous at Games Global.

Games Global is essentially Derivco v2.0. Same people, same office, same products & industry.

Microgaming, Derivco, Games Global, Betway, Super Group, Apricot; we all know who sits on the throne.

Games Global describes the recent restructuring as a strategy to enhance efficiency despite previous comments to the media about record breaking company performance & profits. Here is what you will not see on LinkedIn:

> Mass retrenchments including long serving employees (20+ years), high ranking personnel from HR, marketing & senior management

> Game studios & entire departments shut down

> The sudden & abrupt resignation of the CTO

> High performers leaving en masse

> Culture of fear & uncertainty

> Toxic & ruthless management

> Failed IPO

> Accusations of gender discrimination (DEI)

> Project failures

A radical shift from ‘we are listing on NYSE’ to retrenchment emails on Boxing Day.
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Once the NYSE listing occurred it was the start of the writing on the wall.

Oh & bonuses heavily slashed hey, like crippled :unsure:
 
Jet-Fighter7700 said:
so then again my question is always is it all just paid for awards and lies?
I mean I see this best employer sticker at many places and never thought much about it.
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No, I'm sure there are really good companies out there that the staff love and are loyal to. I personally know of several companies where 40 plus years service is the norm, which is an achievement for any person or company. Never see them winning any awards, but that's another story. The opposite side is employees being told to vote 'or else'. I am happy to concede that I have a jaded view of people and the world, but that doesn't mean that a lot of things are not rigged.
 
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