Saturday, September 07, 2019
TKC SATURDAY NIGHT PLAYLIST!!! CERNER DOWNSIZING AND THE DEMISE OF THE KANSAS CITY HOMETOWN CORPORATION!!!
This week the most impactful economic news for the Kansas City metro was the start of job cuts for a top ranking company undergoing an incredible economic boom.
Check some of the best reporting on the topic:
YF: Cerner Layoffs 2019: 16 Things to Know About the CERN Job Cuts
KCUR: Cerner Will Layoff At Least 100 Kansas City-Area Employees
HealthIT: Cerner laid off 255 employees as it seeks to reduce operating costs. One analyst said it's further evidence that the Meaningful Use boom years are gone.
The job loses aren't so significant for a company with nearly 25K employees worldwide . . . But it's the global part of the equation that should worry locals.
Is Cerner REALLY a Kansas City company???
The founder touted his local roots but he has passed away and even a quick glimpse at the company's financials show a very real commitment to outsourcing and automation. In a strange twist of fate, the biz that championed hospitals and med tech outsourcing is now evolving due its own redistribution of labor efforts.
Cerner is just as much an Indian company as it is a Kansas City company.
For stockholders this is a very good thing and will help cut costs and power higher profits. Meanwhile, locals in search of cushy high paying tech jobs and an active civic corporate parent are out of luck.
Whilst presser coverage and PR hack assurance dominate most local coverage, the consequences of International biz replacing our beloved hometown corporate oligarchs is ignored. As Sprint fades into the long goodnight of corporate oblivion, skepticism about the future of "hometown" companies is not only understandable but essential.
And all of this inspires our corporate playlist tonight . . .
As always, thanks for reading this week and have a safe and fun Saturday night.