Every acquisition brings layoffs, but this will be bad. Usually it's the acquired company that gets the brunt of it, but I wouldn't be surprised at all if this is used to get rid of as many people as possible on both sides under the cover of supposed redundancy. Prepare yourselves. This will not be pretty.
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Buying Ruckus Networks was a huge mistake for Belden. The leadership team is realizing they overpaid for a mediocre business. Apparently Ruckus or I would like the call the con artists… had artificially inflated their numbers.
Ruckus WiFi is being dominated by Aruba, Cisco, and Extreme Networks.
Prepare for layoffs and the shares to tank very fast. Amid volatile global economic conditions there is no chance Belden will sustain the levels of debt for the Ruckus acquisition. Market Expansion and pace will depend how well the integration will be handled to penetrate new markets, with Ruckus culture driven by politics and favouritism combined with poor leadership, unlikely it will go well.