9% gone this Q. More to follow...

https://www.channelfutures.com/business-models/f5-layoffs-hit-620-workers

April 19 (Reuters) - Cloud and security services firm F5 Inc said on Wednesday it was reducing its workforce by 9% and cutting bonuses of senior executives to bring down... — read more 

Anyone find out they are affected yet?

F5 rarely ever does layoffs except for the beginning of new fiscal years with re-orgs. essentially, just make sure you are aligning to business goals and a high performer.

Layoffs end of April? I see the company meeting is beginning of May which seems late……………..

Heard revenue was down?

Heard rumblings.

https://www.bizjournals.com/seattle/news/2022/10/25/f5-layoffs-still-hiring-seattle.html

appears management has decided to do a round of layoffs

Employees don't leave companies, employees mostly leave bad bosses. Almost all of my colleagues who left and whom any good company would try to retain, left precisely because of the manager. Why do all the good managers leave here quickly, while... — read more 

In the org that I’m a part of, 5% of the employees are going to be categorized as ‘not scaling’. I’m not sure what happens to this 5%. This is after management does a talent assessment of the employees. Note that this assessment is done without any... — read more 

Nobody cares that the company is letting some of our most talented people walk away while not bothering to hire their replacements. I admit that it's hard to replace folks with that much experience and knowledge, but at this point getting anybody in... — read more 

Just my gut feeling, but it never fails. Something's cooking.

You are treated as nothing but a number. You are considered expendable no matter how hard you work. Depending on your manager, you could have zero work-life balance. Profits are always more important than people. The company might claim it cares... — read more 

I guess then everything would be much better here?

As long as children with no experience are promoted to management positions over people who have been here for years and hold masters degrees, F5 is going to continue to sink. I can't understand who might think this is a good idea, but all it does is... — read more 

heard rumor that the head of hardware development is now gone.

It's only a matter of time before I'm laid off or I find a new job. I don't have a single reason to give it my all.

Sometimes I get the feeling that all the worst managers are here, the least talented people are in managerial positions. How is it possible that we have such bad management? They have completely lost their direction.

If I were the management, I would take very seriously the fact that people are leaving or intend to leave very soon. However, it seems to me that they don't really care much about that. Such management is one of the biggest reasons why people do... — read more 

Is it just me, or have there been no layoffs in the last year or so? Or let me rephrase that, no major layoff rounds?

Think again. All you have are opportunists who are looking for the first chance to sc--w you over when you least expect it. They get you to trust them and lower your defenses and then they turn around and stab you in the back. Don't trust anybody at... — read more 

This might be a stupid question, but I'd like to know if F5 ever offers incentives for people to stay? I got an offer with better pay but to be completely honest, I don't think leaving F5 would be the best move for me right now. I hate to miss on the... — read more 

We're losing one to two good people per week in our division. Some are being poached, some rage quitting, some going out on medical..

Any idea how this volterra will augment f5? Half a billion is a lot of money! 30% of my team has left in the last one year because of low TC. Management should look at taking care of existing employees before spending big bucks on dreamy... — read more 

Pete Brant was ushered out the door at warp speed....things are dead silent.... are they starting to shrink product sales?

I've been here for less than a year and people constantly talk about layoffs but I'm yet to experience anything substantial. Did I just get lucky? Is F5 known for having layoffs often and I've just missed it somehow. I admit, despite what people are... — read more 

Under pressure from investor, F5 Networks walks a tightrope after spending $1.6B on acquisitions In April, amid the initial uncertainty of the pandemic, Locoh-Donou committed to not make any layoffs during the 2020 fiscal year, joining other... — read more 

Is the bonus enough to make up for no merit increases or does it just add insult to injury?

It’s never good when Elliott Management is involved. History has shown that when they are involved, restructuring ALWAYS occurs followed with sizable layoffs. I hope I am wrong, but history doesn’t... — read more 

Anyone heard about upcoming layoffs ? While I havent heard of any details but I suspect strongly that there will be some in Oct or early November. If you have any information please post here

Anyone know what the severance package is for US employees?

Israeli useless hr is preparing the layoffs list for cortex people

rinse, and repeat. Executives are getting rich while people are getting laid off. Now, tell me why morale is at an all-time low again?

At least 20 people in the sales organization including engineers, salespeople and SEs. No rhyme or reason to it. People who made their number and got raises gone. Get out now is my advice. Bumped this from @11EOgq1D-1nnj . Can anyone give any... — read more 

Or ongoing? Anybody knows what's going on?