As per a contact in HR, there’s word TB is planning a second round of layoffs in October. They’ll be reviewing all projects over summer. Anything non-core is likely at risk.
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@OP I doubt this "second wave" is happening before December, especially in the UK. We still have people on our team who are leaving in November as the redundancy leave dates were staggered from April onwards.
US / Europe / Israel may be different.
ForeFlight had layoffs in Jan following a TB acquisition, then another round last month. Given the similar circumstances at Verint, I would assume another round of layoffs are coming sooner than next March.
Nothing on the grapevine. My hunch is that it will be another March:April cull.
@OP Any word on the grapevine?
@kqp they will do after the next round of layoffs
Are the financials penciling out for Thoma Bravo?
Keep us posted.
@g6p I wouldn't be surprised, our team has completely fallen apart since losing half of them in March. Assuming we're next.
The list is being drawn up now apparently.
Anyone that sticks around or takes another role is a total fool. TB bought a tu-d and are panicking. Verint is a relic of the past.
@OP Another bloodbath on the horizon?
Private equity firms analyze the business closely after acquisition. It can take some time.
Additional cuts can follow based on product overlap and financial modeling with an updated insider's view to revenues and costs. Verint seemed tired and bloated compared to the competition in their market pre-takeover.
Be wary.
@18s Only problem is, it might be 25%.
@wv you can cut 10% off anything
That's the way TB rolls. No shock there. Another 10%, right out of their playbook.