Thread regarding MetLife Inc. layoffs

68% percent of cuts coming from GTO

Marrty Lippert (CTO) said 68% of the 1 Billion dollar in cuts are coming from GTO. This was the answer he gave when asked where the cuts were coming from.

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First Marty hates to be called CTO or CIO. He is head of operations and technology. Not surprised he contributed a bunch of heads-- he certainly has a track record.

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GTO = Global Technolology Operations aka IT

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GTO = Global Technology Operations (basically it's Information Technology & Operations, essentially back-office administrative departments)

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I am sorry but what is GTO?

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I heard it in person, at last weeks "Town Hall"

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Source?

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