Hey, has anyone got any information on what has happened at Capgemini - i hear that there is a large % of redunancies at C5 & C4 grades, but my information is a bit sketchy. Anyone know what is really happening there?
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I heard the same......12% of C5 is what I read somwhere ...
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With more to come. Cap have won diddly squat in contracts over the past two years since the Big4 have started pushing forward.
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does any1 have anymore insight on this? are more cuts definitely expected soon?
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Shiny new office - but beggar all work sold means plenty more cuts on the way
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They didn't answer the phone when I tried to call them about a job so I figure they aren't worth bothering with.
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Only C5s affected. As far lack of work, depends on teams but some were 80% utilised last year, others lower. The decline in public sector work was somewhat offset by a growth in banking work, so not all doom and gloom.
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If the garden is so rosy Mark, then why the redundancies?
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does anyone really know what is going on here at Cap? i know a large proportion on principals were made redundant last week, though at the same time new principals were being hired at the end of last year / start of 2011 in growth sectors for cap. could it be a case of re-structuring the business to reflect where the business has naturally moved (i.e. away from public sector work due to the cuts), or do you think more cuts will definitely follow?
the public sector year end comes after March so the 2nd half of the year could see growth for cap
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There is a restructuring process taking place, nothing major.
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as a current cap employee i am genuinely very worried about the current situation. does anyone have anymore information they can provide?
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Would predict that a few more at C5 and C4 level, but few promotions or pay rises for the next few years.
Lots of staff will leave in March, after the bonus payouts
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is it directed towards the public sector? CG have been trying to rebalance towards private for years and now they don't have much option..
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No need to listen to rumours, just look at the tell tell signs. A global business without a clear market strategy for consulting now refinancing itself, the senior management of the UK business micromanaged on every last number by it's French superiors - leaving little time for any decent business development, a declining public sector market still outweighing private sector work, a clear lack of leadership and scores of good people at delivery levels continuing to leave. Shall I go on?
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private sector business is currently heavily outweighing public. the market has virtually died for the latter
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Couldn't agree more - micromanagement by Paris on issues like marketing meant that all we had to rival Accenture's impressive Tiger Woods ads in airports were basically TinTin cartoons. The French (and Belgians, incl. the CEO) love that sort of thing, but unfortunately it doesn't cut it in the UK and US. Hence the firm has a chronically weak brand, can't charge decent fees, so can't afford to pay decent wages or treat its staff properly in terms of expenses policies (VPs used to fly economy class long haul - I mean come on!) So the good people leave and the brand weakens further, and bonjour vicious circle!
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given that it's micromanaged from Paris anyway, a useful saving would be to get rid of the entire CS 'executive team' who contribute nothing but further micromanagement and disruption of the VPs & C5s who should be out selling and delivering...
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Other than Accenture, which IT consultancy actually pays well and is in good shape? Every one of them seems to have issues.
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