Williams & Glyn scrapped

[barrydidit]

When Lloyds spun off the TSB it wasn't built on it's own stack, just cloned the various systems they needed and charged a suitable amount for running in it. It was up to TSB to then develop their own stuff over the next decade. Or at least, that was the plan I was party to.

My initial thought was that since they had to divest in the first place due to EU state aid laws, and given how long it was taking, maybe the Brexit vote had caused them to think 'we might have left by the time it's finished, why bother'?

[ascender]

Maybe if they didn't use as many offshore suppliers and paid decent contract rates they would get people capable of delivering. Possibly the worst rates I have seen.

Possibly because they've been paying way over top dollar for over 5 years to teams who've been on the park for that length of time. I know a lot of contractors in there who've made stacks from delivering the sum of absolutely nothing. Add in the consultancy services of IBM which are obviously being charged at ridiculous rates and you can see why in recent times they've been trying to offshore a lot of the delivery.

The statement is clear though, they're standing the team down, so that's going to be a lot of contractors available.

[SimonMac]

Fact or rumour?

Evidence - that's what's needed...

When has facts ever been needed in General?

Anyway

RBS ditches Williams & Glyn spin off - FT.com

[Lockhouse]

I've contracted at RBS IB four times now and for three of the four times a rate cut would shortly follow.

Last time I was on the Bishopsgate campus was around four years ago, morale was rubbish and after taking a 15% cut I walked on the next. I pitied the permies more though, loads of them lost serious money when the share price tanked.

[northernladuk]

Fact or rumour?

Evidence - that's what's needed...

PM Bee for details.

[CretinWatcher]

This may or may not be Brexit related, but the end result is that the shrinkage of the contrcator market has started.

[GB9]

Last time I was contacted about an RBS role it was for a Senior BA on £250 a day. Something about peanuts and chimps.

[DimPrawn]

This may or may not be Brexit related, but the end result is that the shrinkage of the contrcator market has started.

Does this make you sad sassy?

[ChimpMaster]

Last time I was contacted about an RBS role it was for a Senior BA on £250 a day. Something about peanuts and chimps.

Mmmmmm peanuts

[ChimpMaster]

This may or may not be Brexit related, but the end result is that the shrinkage of the contrcator market has started.

F&$k knows how but I was fortunate to get 10 years out of contracting and am pretty much done now. Good timing I suppose, considering the numerous headwinds we now face as a result of government policy, taxation and a shrinking economy.