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.
I’m sure there’s a lot of CS employees that would disagree with that, unfortunately there’s probably not much they can do about it.
I was just a few days ago giving my two weeks notice exactly for that reason. I’m getting so fed up with capitalism and companies working for the vultures who give zero fucks about what you do or whether you do it well or not, prioritizing profits over actually doing your job well. I don’t care about money, I worked in cybersec out of principle, to help people with their security. I don’t really care about money, as long as there’s job to be done for someone, I don’t really care if the project I’m working on is super profitable for me, as long as it at least breaks even. But no, we had to cut corners, basically scam our customers by selling products we had no qualified people for who barely scraped by enough results for the customer to not notice it. Non-existent R&D or training, because several milions of anuall profit are not enough. Fuck all of them, if I’m ever going to work again in cybersec, it will be a non-profit.
This OP’s article infuriates me, the nerves they have to demand more money for what’s entirely their failure, which they also directly cause in every company they touch. I’m sure that the fact that the failure was so devastating for most companies is also by large margin fault of their investors, some of which are probably also part of this lawsuit, that blocked investment into disaster recovery plans or backups, because their millions of profit per year felt low.
I feel like I’m getting pretty radicalized recently, ugh.
Risks are normally outside the reasonable control of the company. For example, sales not hitting the target. They can’t just press a button and up goes the sales.
This was entirely within the company’s control. That risk shouldn’t ever be there at all. They could’ve avoided the entire situation if they chose not to ship the faulty software.
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.