What y’all expecting, more cuts, more marketing fluff, and another round of leadership shuffling?
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Furthermore any companies harassing employees post lay off and causing big divisions in the company along with medical harassment should be seriously investigated by whatever does that is it green peace?
Such companies are responsible for the dr-gs their employees take and their responsibilities lie with the employees
As it's part of the lay off process I'll mention it, and ye I won my dev battle in Canada and Malage because it was never in doubt
Anyway I think word of the ironport blacklisting(reported by me personally) surely gets around to customers and of course the ransomeware attack on the company all are relevant, it would be nice for the company to come forward on the scattered spider attack as the guys meant to be stopping it are probably still employed
Finally no if you work for the company you shouldn't be blocked working anywhere they think, plus I think too many companies like Quest software are guilty of a lot of serious crimes against people and humanity and just nothing seems to get done by it, very disappointed with the company above staff level since I joined
Well I thought the company would be bankrupt by now but I guess it never ends and new equity always comes in
I think employee harassment post lay off for no reason is definitely within the rules of the forum
Once we started replacing America with Panama and Europe and Asia with an influx of Indian cricketers or something pretending to be IT engineers the company became stagnant
I tried to leave it behind after the companies private investigators and account managers followed me on holidays twice and nearly ki-led me, my ex wife was even sui-idal over whatever the company has been doing with their main partners
Spin off too oblivion is just business scary
Another set of layoffs today of some really talented people. Not surprisingly this incredible executive staff who all just started at Quest a year or so ago and know nothing about AD, Identity or Data survived. Let's note however that these leaders were successful at another time and place many years ago though. So they 🤓 smart, and they'll tell you so. Please remember to tip your maid at least $20 too.
@2ca well! Layoffs happened today.
If US law changes to put private equity on the hook for Chapter 11, the whole private equity strategy changes. With all the private equity raiding these days, it should be a real possibility... though that legislation would have to overcome deep pocket influence.
It would be odd to layoff in a quarter-end month. But I could see discussions and planning happening in October for a November event. And even then, a pre-holiday layoff? Feb 1 is the most likely timing.
Also on sale, what kind of market is there these days to sell a software company? As the AI future arrives, will software companies get more or less valuable?
Selective default analyst rating event. That was the private equity intent showing. Milk it for all they can get. No reinvestment and no future plan other than prolonging as long as possible turning off the lights. The next selective default event might be the Chapter 11 event.
The talent behind the innovation is where any value is. Once the products stop innovating or investment in the products cease, it's then just a wind-down operation. That's a formula of diminishing profitability against investor tolerance for risk of being last holding the bag. Layoffs might be the only dial left to turn to convince an anxious investor to stick it out a bit more. Selling off parts of the company as close to Chapter 11 is a strategy. But who is buying? And who would buy at a value to convince investors not to pull out?
Watch where the layoffs go. Likely to land at non-private equity places. Those are the places investing in a future. If software has a future, it will be those places.
The PE exit problem is global. Not unique to Quest. Layoffs are how true value transitions from PE to non-PE. Embrace it.
I don’t think it’s the employees who need to leave. It’s the CEO and his platoon of VPs, racking up expenses while delivering nothing but fear, empty promises, and bullsh-t. Time to clean house at the top, not push out the people who actually know how to run the business.
Well looks like data is not as hot as Tim was told about, cash flow issues and missing out projected screams layoffs and credit to Tim he is not sugarcoating, leave now he says…His only hope is to sell part to Semperis and Databricks. Quest living its last days…
Yes. I was told the same. Anyone in the Austin office, 5 people are getting the boot.
I hear there are some layoffs coming this month from a credible source.