Thread regarding Verint Systems Inc. layoffs

Expect a second wave of layoffs this Autumn

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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Post ID: @OP+1kn5pj54c

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@OP Another bloodbath on the horizon?

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Post ID: @4tk+1kn5pj54c

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.

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Post ID: @2da+1kn5pj54c

@18s Only problem is, it might be 25%.

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Post ID: @1a3+1kn5pj54c

@wv you can cut 10% off anything

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Post ID: @18s+1kn5pj54c

That's the way TB rolls. No shock there. Another 10%, right out of their playbook.

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Post ID: @wv+1kn5pj54c

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