It's about time. How long can this company overload itself with debt and rack up losses month after month, saying it's all about cash flow? This is not about making the company more profitable, it's about making it profitable for the first time in the company's 16 year history. Buckle up, folks.
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Advice to Coupa employees, start preparing for layoffs. I worked for a Thoma Bravo acquired company, Auctane. Shortly after the acquisition, most of the executive team left, including the CEO. There was an all-hands meeting shortly after the new CEO took over. Everyone told there would be no layoffs and the future is bright. Also told that the El Segundo office would continue to house corporate functions even though the new CEO resides in Austin. Guess what—the first round of layoffs happened not long after and many positions in California were eliminated and rehired in Austin. Employee were clearly lied to. Thoma Bravo will be aggressive with cutting positions to make the company more profitable. Needless to say, morale is very low. Good luck to Coupa employees.