Thread regarding VeriFone Holdings Inc. layoffs

I was also layed-off so to say "unexpectedly". One morning when I came into the office I was presented with the resignation in the manager's office. That was quite a shock! No pre-warning no nothing! I dont think I am still over this situation to be honest.

Since i was working not in US but elsewhere, i cannot say how the problems started in the first place, but i do agree that even in our office the managers and people 'who supposed to know stuff' were not actually from SV on most cases and were doing all other things but what they actually had to do.

Ofcorse now i have new job and things, but since this all hectic situation, i am still not fully over it, at beginning I even took it personal at some level, but hey, what there can be personal, since there was no warning no nothing, just managers executing top-level orders, or so i was told.

but anyways, not that Verifone is hiring anymore, so at this point i dont even know-maybe in fact that they fired me was best thing out of this company, since if in case i would have managed to stay somehow and somebody else was fired, would that make my life better in any way? well, i think stress and haoss would continue and workload probably is going though the roof over there, so i guess its better where i am

This company is going down

I agree with your assessment that Verifone is a company in constant turmoil. I joined the company in April, 2015 based what seemed to be promising recent changes in the executive management ranks and their new vision for where the company was going. Additionally, they had just moved into a new headquarters in San Jose to accommodate the expected growth. Unfortunately, what I have experienced since joining is far from a promising reinvented Silicon Valley growth company. I've worked for three very successful Silicon Valley companies over the past 15 years, so I have good basis of comparison.

It's difficult to pinpoint the reasons for Verifone's problems but one thing without doubt is that this does not feel like a typical SV company. The atmosphere is lifeless and bland as if the blood has been s---ed out of most the people. There does seem to be some small cliques of interpersonal relations, but no overall espirit de corps. Most of the people I know that have recently come here from other SV companies are looking for the first opportunity out the door ... that's if we don't get reorganized out first.

My theory on why things are like they are here are that the executive management and much of the next level of recent management are mostly SV outsiders and don't really understand how companies are successful here. The CEO and is a New York banking guy from Citicorp and he has brought in seven or eight Citicorp execs. The Ops and Engineering areas have been populated by management moved in from the east coast, midwest and Canada; primarily companies like Motorola, Blackberry, Lenova, and NCR. These folks are smart but they just don't get how SV works. They are from old line companies that have either died or had near death experiences ... and now they've come here to show us how business is done! They don't understand that people vitality is what gets it done here ... and if you kill that spark then even the best laid plans will never be achieved.

Verifone reorged quite a few people out the last week of June and I talked to five of those people before they left and what struck me about all of them was how happy they seemed to be. Usually people are in shock when they lose their jobs suddenly, so their reaction confirmed my feelings that there is something terribly wrong here.

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