I am guessing that the severance was zero.
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Is world's largest pure play mssp enough to pull off an IPO in this particular case? 1+1+1+1 = .5 Is that good?
@69p let’s get ready for a new round
Here at Cybereason we were promised LevelBlue as a savior... It's apparently off to a bad start
@673 Cybereason is also in a bad position regarding money and (secret) layoffs, nothing new for us
Welcome to the party, Cybereasoners. Levelblue is the halfway house for down on their luck cyber companies, picked up for a dime on the dollar. You'll share a bunkroom with recovering Trusstwave and At&t residents. Don't worry if it's too crowded here right now for you, because many will be shown the door very soon in another big layoff. Many in the halfway house will be out on the cold streets again this winter.
k4 is completely correct. They have almost no cybersecurity controls whatsoever and the few that they have are not followed.
@mj Sorry, we forgot to tell you. You're fired. Like, right now. And we are never, ever, ever, getting back together. Like, ever. (Unless we find we urgently need you at any point in the future- we'll keep your number just in case, okey dokey?)
I’m not sure about the severance packages employees got, but contractors didn’t even get a call. Our access was just pulled, I was in the middle of a phone call when Teams booted me, very professional. No one has called me or requested my equipment back. Total lack of professionalism.
@k4 False and wrong
FYI cyber security inside LB is virtually non-existant, very few policies and the ones that exist are not published.
@j9 you couldn’t be more wrong…
@f4 Please keep your comments on this ATT message board thread to only LevelBlue. Because we said so. LB doesn't owe anybody $23 billion dolars. We all know that for a fact.
@j9 I think maybe those are the same folks who ran Singpore Telcom's $800 million in TW down to around $200 million in under 1 decade. That's Randal Stevenson CEO type performance at AT&t. Take something valuable and make it less valuable. Maybe they will do bettr on their 2nd trip to Vegas to roll the dice. Current workers at TW, oops I meant LevelBlue hope so.
@ae less than half of the new leadership team is former trustwave folks
Okay, most of the commentors don't know what they're talking about. Yes, LB has been a bit of a mess over the past 15 months. Yes, the now-former AT&T Cybersecurity people got hosed. Yes, it certainly seems like Trustwave has taken over and let go most of the experienced, capable LB employees. No, there's not clarity on a plan to integrate the solutions into a single, logical, cohesive organization but at least some people are (likely) making money.
[Sorry, what were we talking about?]
Might get worse. 23 billion in additional debt, we are supposedly going to still do the stock buyback. Then whatever impact all the upcoming AI projects Legg mentioned in that investment conference.
Wow, what a sad mess this has become.
Dead weight.
@dz man, we are having hard times (ex ATT people). so many GOOD people were left today. it makes no sense. We had a town hall last week, listening about how good we doing...not this dog sh-t?
As a former TW employee, i dont know how Bob keeps getting away with this. Talk about incompetence. As a creditor, i would mark him with a red flag. Rest in peace ATT cyber
Remember when everyone wanted to get their cyber security degrees because that’s where the demand was?
Whoops!
They laid off almost all of the US-based IT/Ops personnel and replaced them with foreigners from other countries, granting them broad internal access with no controls in place to prevent bad actors. There was already very badly mismanaged internal infrastructure; most infrastructure was still tied into ATT and critical services shared between the two; the company is definitely not SOC, ISO, or DOD compliant now and certainly would not hold up to auditing if anyone decided to request an audit in the next few months. If you have any of their tools installed in your org right now and are trusting them to perform security functions your organization is at enormous risk
so far, i still think i'd take my worst day at levelblue over my average day at at&t. but neither is a walk in the park.
@a5 Are you happy to see TW executives and staff who had a hand in lowering TW value from about $800 million down to about $200 million in a span of 8 years are the ones mainly running the combined company now. Nearly a 75% hit to Singtel in under a decade. https://www.reuters.com/markets/deals/singtel-sell-stake-trustwave-205-million-2023-10-01/
@a9 There have been no public announcements of any LevelBlue outages, so I'm unsure what you're referencing about "continued outages". If it's non-public info, you may want to think twice before providing any details here. The only outages which have been publicly announced are AT&T network outages, and there have been plenty: https://www.techdirt.com/2025/01/10/att-sets-a-comically-narrow-definition-of-service-outage-after-particularly-embarrassing-wireless-and-911-outage/ The good news is that LevelBlue can use any networks it wants now, AT&T or others.
Drastic housecleaning has been needed with all the continued outages.
No severance, product and marketing in particular impacted significantly it seems. Everyone is now dancing around the TW fire and singing TW camp songs. Those who don't know the full and proper TW lyrics are quickly pushed into the wild, with 2 weeks pay and a pat on the back.
What I heard, bad, really bad. All Trustwave SVPs are favoring TW employees