Fun fact: Decimation is originally a Roman practice. It’s a form of punishment where every tenth man in a group was executed by members of his cohort.
The bastard Jack Welch implemented this as a business practice with a sanitized name: rank your team, fire the worst 10%, even if the team did great.
Shareholders cheered at this practice. They bought shares in droves when businesses literally decimated themselves. Shareholders are mostly glorified gamblers with a boner for hardship. Making employees suffer is just dandy, as long as it can be sold as an improvement.
My point is that shareholders usually don’t know wtf they’re doing. This doesn’t surprise me.
While I’m all for holding CS accountable for what happened, thisis not the way how to do it and to whom they should be accountable. If there’s any lawsuit, it should come from the customers who have been affected by the outage, not some fucking investors and shareholders that probably kept pressuring CS for the last several years to reduce costs and increase revenue, that are now scrambling to avoid consequences of their endless greed ruining companies they don’t care about by forcing endless growth at all costs and doing as much as they can to prevent internal investments, because that’s not what makes the line go up.
Fuck them. I hope they loose and have to eat their losses + expensive lawsuit. If CS would be able to actually invest their revenue internally, instead of it feeding pockets of greedy investors who give literaly zero fucks about the product or the service, this may not have happened.
I saw that happen at the cybersecurity company I was working at, when we got acquired by investors. Several milion of profit after costs suddenly wasn’t enough, and we had to reduce already non-existent internal projects or investments, that we have already been lacking to be able to do our job properly.