IBM Execs admit they don't know what their doing
Towards the end of last decade, we had a visit from one of the big knobs from Big Blue HQ to give us a gee up after a big round of cost-cutting. During the Q&A someone asked why they had cut funding for an immensely valuable program for engaging with our with customers to help us deliver valuable and relevant features.
He must have been jetlagged because he was very frank about the fact that when tasked with achieving a certain level of cost-cutting, they (the execs) would just defund random programs until the target was reached. Admitting they chose randomly because they had no idea what any of the programs actually represented (suggesting that we should have taken steps to educate him about its value before they unexpectedly cut the funding without any consultation).
I resigned not long after.
Biting the hand that feeds IT
