When Cheaping Out Backfires: 25 Companies Who Paid a Hefty Price for Cutting Corners
We could have made so many strides adding Covid-relevant features to our app, the way our competitors did. But nope. Short term panic led to long term loss.
Outsourcing the call center to central America. We were one of the only companies in our line of work that ONLY operated in the US, and customers loved us for it. Their customer base cut down by 1/3 within 2 years of outsourcing, and now they are hanging on by a thread. Wouldn’t be surprised if they went under within the next 5 years.
Not giving the guy doing 2.5 full time jobs a slight raise, instead letting them walk and paying 3 new people (combined) at least twice what they were paying him to do all the same work at like 65 percent the quality level
I work in R&D and prototyping for a small home theater company.
My boss doesnt like how it looks when we make big purchases under his supervision.
So he consistently denies my proposals to buy a $500 3d printer, preferring to spend about $200-$300 per month to have another shop 3d print for us, and then paying me my salary to sit around for 2-5 days per job, doing nothing, while waiting for the 3d print shop to process their dozens of other customers.
All so that he’s not the one on the hook for a $500 machine that his employees are already fully capable of using.
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