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The Story of Hertz Going Bust

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Re: The Story of Hertz Going Bust

#71

Earlier quoted context omitted.

I believe the parent comment was talking about the shitshow that Hertz was, not Accenture.

Both are bad. Every big "consulting" company sucks nowadays.

> Both are bad. Every big "consulting" company sucks nowadays.

From what I've heard, Accenture always sucked (except at C-suite sales, which I guess is all that really matters).

Re: The Story of Hertz Going Bust

#72

I am Hertz Alumni, 2011-2016. We had a great group of engineers and product people, many of us far too talented to be in company like what hertz turned into. We were under the leadership of an incredible division head and most of the folks in our group felt a deep sense of loyalty to her. Nearly all of us, including that division head, are gone now, mostly laid off. If you poll any random Hertz alumnus, the story you…

> "we had a great team and incompetent senior management." Whether or not it's true, I think you'll find this sentiment from any engineering level alum from a big company that died.

Well yeah, it's not typically the engineering dept. that runs the boat into the iceberg.

Specific metaphor chosen on purpose.

Re: The Story of Hertz Going Bust

#73

I am Hertz Alumni, 2011-2016. We had a great group of engineers and product people, many of us far too talented to be in company like what hertz turned into. We were under the leadership of an incredible division head and most of the folks in our group felt a deep sense of loyalty to her. Nearly all of us, including that division head, are gone now, mostly laid off. If you poll any random Hertz alumnus, the story you…

Mind naming names on the “incredible division head”?

Re: The Story of Hertz Going Bust

#74

I am Hertz Alumni, 2011-2016. We had a great group of engineers and product people, many of us far too talented to be in company like what hertz turned into. We were under the leadership of an incredible division head and most of the folks in our group felt a deep sense of loyalty to her. Nearly all of us, including that division head, are gone now, mostly laid off. If you poll any random Hertz alumnus, the story you…

I had the unfortunate opportunity as an Accenture consultant to work on the Hertz redesign. It was a shit show and hands down the worst project I've ever been on. I left Accenture but not sure how much I'm allowed to talk about it. Needless to say, leadership across ALL disciplines (mobile, front-end, backend, etc) was a fucking joke and they didn't listen to the red flags we brought up in literal sprint 1. Sorry to…

What’s funny is that the Hertz website became so bad that I gradually stopped using Hertz (former Presidents Circle guy). Never knew that it was because they fired their entire team and replaced it with an offshore team.

Re: The Story of Hertz Going Bust

#75
post #9
post #8

Earlier quoted context omitted.

So by that logic the shareholders and board members _were_ idiots then.

Making a bet and losing doesn't imply idiocy. What were the odds? What was the potential payoff?

It does when you kill the entire company. It’s like losing your house in a game of poker — the problem wasn’t going all in with pocket aces, it was putting your house in the pot.

Re: The Story of Hertz Going Bust

#76
Honestly this is a good thing. There are too many big companies, not enough small, we need more to fail - esp the type that have gone through lots of mergers to reduce competition.

Re: The Story of Hertz Going Bust

#77

I am Hertz Alumni, 2011-2016. We had a great group of engineers and product people, many of us far too talented to be in company like what hertz turned into. We were under the leadership of an incredible division head and most of the folks in our group felt a deep sense of loyalty to her. Nearly all of us, including that division head, are gone now, mostly laid off. If you poll any random Hertz alumnus, the story you…

Icahn is doing just fine. https://www.epsilontheory.com/the-hertz-story-isnt-what-you-...

Re: The Story of Hertz Going Bust

#78

Earlier quoted context omitted.

I had the unfortunate opportunity as an Accenture consultant to work on the Hertz redesign. It was a shit show and hands down the worst project I've ever been on. I left Accenture but not sure how much I'm allowed to talk about it. Needless to say, leadership across ALL disciplines (mobile, front-end, backend, etc) was a fucking joke and they didn't listen to the red flags we brought up in literal sprint 1. Sorry to…

For the most part, all that I've heard of Accenture seems to match what you are saying.

A remarkably large number of job offers/bid requests I've seen start with some variation of "Accenture screwed up and [client] is looking for someone else to take over". And looking at the former co-workers that have landed there it's not even a little surprising they're that bad.

Re: The Story of Hertz Going Bust

#79
post #45

I am Hertz Alumni, 2011-2016. We had a great group of engineers and product people, many of us far too talented to be in company like what hertz turned into. We were under the leadership of an incredible division head and most of the folks in our group felt a deep sense of loyalty to her. Nearly all of us, including that division head, are gone now, mostly laid off. If you poll any random Hertz alumnus, the story you…

2014 - its interesting this is when headquarters moved from NJ to Florida. Its a bit like SV - are California/North East expensive because its worth it? I'm not sure if Hertz went downhill because of the move or you just can't run a smart company from Florida.

I have a family member that worked for Hertz during the time of this move.

After a lot of consideration and soul searching, they decided not to move down because both his family and his wife’s family were in the North East U.S. and they had small kids who wouldn’t have adjusted well to a cross-country move.

So somewhat reluctantly, he resigned his job with Hertz and stayed back while the rest of the team moved down. It was difficult for him because he had worked there for a number of years to reach the level that he was at and essentially reset when he switched jobs.

Anyway, a short time after that, he found out that everyone he worked with and had made the move to Florida had been laid off by Hertz.

He dodged a bullet on that one. I always suspected the move was a strategic-but-unethical one by Hertz to terminate a whole bunch of people without drawing too much attention to themselves. (Older employees with families typically don’t make moves like that, and you can easily get rid of the rest after.)

Re: The Story of Hertz Going Bust

#80

I think the most “duhhh” moment was moving the headquarters. Of course they lost a ton of experienced and qualified staff when they moved the headquarters to Florida. Why wasn’t this seen coming?

The headquarters are in Estero/Ft Meyers florida. I would know little to nothing about this place except I have a friend living there. He was in golf course management, which should give you a hint about the type of town this is. It is largely a place for wealthy northern folks to spend the winter. To me it seems that the move was so that the CEO could live in a resort town.
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