Perfectly summarized by @hqak+1rJFXhal .
Bumping it up for attenhtion.
"Im on the latest LR myself, and I've had years of the hunger games, watching often talented people get chopped has been truly depressing, but its part of Silicon Valley.
Still didnt make it any easier when it happened to me...
Yet, Look I'd say overall they've been a great employer, its just that they've missed too many technology transitions that I couldnt even count them...
The end result of that is a cycle of expensive late in tech cycle acquisitions (with some really notable exceptions like Meraki) and subsequent layoffs to pay for the mistaken largess...no escaping it... But seriously $36B for Splunk...!??
Part of that I think is that engineering teams / talent that want to take risks and innovate arent nurtured, resourced or rewarded; so would you take your $Mor even $1B earth shattering idea to management and get a $50 reward token (yes seriously, I've seen those discussions internally), or go to a startup and get rewarded properly..? Bit of a no brainer I'd say...
But yes, the tone deaf 'Secure Your Spring, Change is in the air' post on the same day as laying off almost 1/6th of your employees is pretty wild... but Snr leadership sadly set the bar for that with one of their famous quips about 'well we'd never layoff ourselves, ha!' on an employee call.. owch..!
Apparently we have had a few smaller layoffs over the last year, and another one coming later... yeiks...good luck!
Work-hard, (show-off harder!) and polish your skills and resume boys..!
Later - The Boyz!"