I found it in a Lloyds Bank annual report summary.
Does nobody speak English any more?

Or was it written, do you suppose, by an AI?

Surely sounds like the usual cut'n'paste gobbledygook created by A"I"...

Perhaps ChatGPT is appointed new CEO?

Their stakeholders will collaborate with our gender-neutral focus groups in conjunction with a peer-reviewed royal commission to generate meaningful dialogue with cross-cultural, bio-diverse, ethno-centric, vegetarian populations.
We hope to cut through red tape.

It looks to me like corporate-speak for

we added a new server and made it run a VM and networking to it for everyone in some of our departments.
(new platform-based operating model that brings together expertise in cross cutting multi-functional teams)

To me it means:

If you are an admin or developer, good luck to you, we are moving everything to the cloud

Us suits are going to tell the it department how to do there job and hold them accountable when the system gets hacked

and that is how the "its there fault" excuse came into existence. Who's ITs?

Probably generated on a site like https://www.makebullshit.com/

I interpret the statement to mean that Lloyds Bank has purchased and installed software from several different vendors. Then Lloyds discovered that, in contradiction to the salesmen's hype, the various software brands are incompatible with each other. So Lloyds has established a committee with people from each of the maintenance groups to sit around and discuss the situation for the forseeable future.

Bureaucracy - some of us have been there.

So many different interpretations!

if you can't dazzle them with brilliance. Baffle them with bullshit.

I asked ChatGPT (only v.3) to explain what it means -

"In simpler terms, the statement means that the company has reorganized its teams to create a new platform-based operating model. This new model aims to bring together experts from different functions to work collaboratively and be accountable for delivering results more efficiently. The use of this platform-based model facilitates connections and exchanges between different groups within the organization, enabling faster and better business decisions."

Please be more concise.

"Business restructuring means that a company makes significant changes to its financial or operational structure, usually to improve efficiency or effectiveness. It may involve reorganization of management, finances, or operations, and may be necessary to address financial difficulties or to maintain or enhance company success. An example of restructuring could be merging two departments or eliminating a product line."

Please be much more concise.

"Business restructuring means making significant changes in a company's structure to improve its efficiency or effectiveness."

Not much help.

Imagine you have a big project to complete, like building a house. In order to get the job done quickly and efficiently, you need different people with different skills to work together.

Now, let's apply this concept to a business. When a company wants to improve how it operates, it might decide to create a new way of working called a "platform-based operating model." This means that instead of working in separate departments or teams, people with different expertise will come together to form cross-functional teams. These teams will have a wide range of skills and knowledge, allowing them to tackle different aspects of the business all at once.

By bringing together these cross-functional teams, the company aims to achieve two important things:

1. Greater Accountability: This means that each team will be responsible for their specific tasks and goals. They will have a clear understanding of what needs to be done and will be held accountable for their work. This helps ensure that everyone is doing their part and taking ownership of their responsibilities.

2. Collaboration: By working together, these teams can collaborate more effectively. They can share their expertise, knowledge, and ideas to solve problems and make decisions. This collaboration promotes innovation and creativity, as different perspectives are brought together.

The goal of this new operating model is to make the company more agile and responsive. By having cross-functional teams working together, they can make decisions and take action more quickly and efficiently. This allows the company to adapt to changes in the market, solve problems faster, and deliver better results.

so everybody has a Facebook account?