F5 Diversity is when department managers of one ethnicity send promotion letters, where 95% of promoted people are of that same ethnicity.

In recent quarter earning call, FLD said "we expect our FY ‘24 revenue will be flat to down low-single-digits from FY ‘23" and "We are also targeting FY ‘24 non-GAAP EPS growth of 5% to 7%," In order to increase EPS, E should increase and(or) S... — read more 

Lot's of noise starting to circulate..... Someone posted in a previous threat of FLD doing a pre-recorded session announcing layoffs. Is that true?

It's the third week of Oct. What updates do we have?

https://www.gurufocus.com/news/2100027/insider-sell-francois-locohdonou-sells-2200-shares-of-f5-inc

There are rumors but are those rumors true?

Timely for his email. Company meeting moved out a week. Last time that happened was from April to early May. Details on performance measurement. Timely…..

Interesting… layoffs happening?

If given the opportunity, I'll be the first to accept a voluntary buyout. Some of my teammates feel the same way. Wouldn't it be better to offer that first before layoffs?

Most likely 150 people

When I call on customers they ask about product features, enhancements, future plans, what services are available, etc. No one, and I mean no one, has ever asked about F5's gender breakout, the company ratio on race, EIGs, or if F5 participated in... — read more 

Do you think there will be more layoffs? Signs there will be = no merit increase, high profile names are leaving, RTO policy (possibly an attempt to weed out people for the next round) ... anything else? Signs there won't be = F5 is opening more... — read more 

no merit increase this year (announced via email)... seems they are following other companies (Microsoft) lead with this. sad to see F5 go downhill like this.

That day 3 months ago when each of us found out that we are selected to be RIFd, I was at home working. I learned over the following weeks that I needed and sought out my wife's help and council on navigating the whole event as I could not do it... — read more 

has anyone used food banks? advise would be appreciated before getting to that point....

Forget marketing. Management laid off the most experienced technical staff and technical support. Managers handed their tasks to newly hired people. As a result, engineers are swamped with technical support issues instead of working on new products... — read more 

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It's been three months since the announcement of which of the 620+ employees of F5 would be RIFd. I was among them. Beginning with shock, I have come to realize and be grateful that I am now out of an unhealthy environment. Despite F5's Diversity... — read more 

Why are FLD's Leadership skills at F5 known as 'mythical'? Give up? Because just like the Lock Ness monster & Aliens...everyone has heard of them but no one has seen them.. LMAO... We cannot believe this Exec told us this joke... but we were all... — read more 

How do we feel about Marketing doing their job??

smaller layoff of 100-175 people - remote folk??? Compensation changes: RSU grants and merit increases rare MBO annual Connectivity stipend reduced Maybe health insurance changes?

More layoffs acoming......

Answer: Human.... That is why FLD says we are a 'Human First' company... LOL...

Will be announced in October. RSUs will now be annual vesting and MBOs will also be annual. Why does this matter...you'll still get the same dollars just once a year...right... Unless of course FLD downsizes again say in June. Then you'll get... — read more 

Management requires all employees, including engineers, to return to the office. An unmissable 100km a day commute has to "clear your mind and allow you to disconnect", according to EMEA "leaders." The amount of cr-p we heard from HR today is hard to... — read more 

Opening a new office right after having historically layoffs for the company is tone deaf of leadership. They already mentioned to the market it was lapse in judgement to over hire. Is it a lapse in judgement to open a new office? What about forcing... — read more 

F5 has been one of the fairest to its employees and does their best to take care of the employees, however,"Human First" is an untruth made up be HR departments all over the world. No business is "Human First", because they can't be. Businesses will... — read more 

F5 has lost its identity, growing through acquisition with blinkers on. "if we buy a software company, therefore we are a software company". Is F5 a HW or SFT company, thats what a lot of its customers are confused about and if F5 doesnt have a... — read more 

Is there ever going to come a moment when we'll know we're safe, if nothing else then for the next six months or so? It is tiring to have to worry about layoffs non-stop. Even a day after one round, people always start speculating on when we'll hear... — read more 

RIF is not in CEO control. Businesses are impacted by current economy, CEO has to make adjustment according to current and near term future economy environment. None of us want our team mates to lose his/her job but payroll is the biggest costs. Do... — read more 

Sometimes it's hard to believe what senseless acquisitions they've made here. Just out of curiosity, which one do you think is the worst?

It's going to happen again. Tech giants all across the industry are being impacted. This may not happen at F5 in the next 1-2 quarters, but the new fiscal year starts on October 1st. Only time will tell. Also, with a major re-org of groups... — read more 

Lots of threads on the topic of F5 layoffs that has put 620 talented individuals now searching for opportunities. For those impacted, I wish you all the best in your search. First, I can tell you that F5 treats its employees with full respect and... — read more 

Anyone know what the severance package is for UK employees?

Well, I was one of them. The company is a shadow of its former self and cannot admit to the error of purchasing NGINX, which over inflated their business before purchase. Pretty good redundancy pay outside of the US, but heard the cull has been... — read more 

How the heck did they decide who had to go? They let some of the most incredible, smart, talented, beloved people go, yet others who aren't as great are left. Does anyone have any insight into this?