Topics regarding layoffs at Riverbed Technology Inc.

Topics regarding layoffs at Riverbed Technology Inc.

2021 will be disastrous

The company is absolutely not interested in innovation, it is only interested in cash. Why is there such an emphasis on making renewals? It is pure cash flow. A tech refresh is absolutely secondary. That is one reason why do not get any innovation... — read more 

Why no innovation?

Who is to blame for Riverbed having zero innovations? No wonder there isn't any innovation, all those innovative and talented people are either driven out of here or have left on their own. I believe there are still those who have good ideas, but no... — read more 

Stock Buyback after departure? NOPE!

Board said No to buying back Founders and Class B's. Could this mean? Cash Flow issues caused by reduced renewal business? Company has general cash issues. TB has Zero Faith in Value of either Founders or Class B's? Something positive is... — read more 

stimulating atmosphere

When I came here, I knew that this was no longer a place where a career could be built. I am just grateful that I got the job without any great previous experience. However, my progress is very slow. I try to learn as much as I can, but I just... — read more 

Did they try to keep you?

I wonder if Riverbed tried to keep anyone here after that one person quit? I don’t really believe in the story I heard, so I want to see what your experiences are like. Allegedly the person resigned and Riverbed then offered some more benefits to... — read more 

Are we tapping in the dark?

Sorry, I don’t see any real strategy at the moment. To think that you can absorb everything with App ACC and NPM is ridiculous. NPM and App ACC were so neglected in the past and Riverbed is feeling it now. SKO was a joke. There is nothing new and... — read more 

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| 1740 views | | 2 replies (last February 19, 2021)
Post ID: @OP+19ssmnfB

What are the Riverbed positives?

Let’s try and lighten up the Riverbed board by talking bait the good things - past or present. So any old or new timers, please post away!

Moody's Downgrade

January 2021 Downgrade following the approved company restructuring and debt refinance. https://finance.yahoo.com/news/Riverbed-Technology-inc-moodys-downgrades-173109230.html

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| 2570 views | | 9 replies (last February 9, 2021)
Post ID: @OP+19chHa7S

I feel stuck here

I feel stuck in this company, too young to retire, but too old to easily find another job. I don’t see any future here, it can only get worse than it is now and I would leave immediately if I could. However, I've tried to find similar job in other... — read more 

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| 2430 views | | 7 replies (last February 1, 2021)
Post ID: @OP+198TslDP

This is a slow motion train wreck

Riverbed has seen a steady decline in products, people and revenue from 2019 into 2021. Failed venture with Versa (really, admit this isn't working), the failure of the Oceedo acquistion, the failure of Xirrus to mature (now sold off), the failure to... — read more 

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| 1770 views | | 2 replies (last January 29, 2021)
Post ID: @OP+197gEy7X

Exodus of talent

Riverbed has a huge problem right now in the ongoing exodus of its top employees. People are moving on without even waiting for severance. And instead of trying to keep them, the management is happy to see them leave because they don't have to lay... — read more 

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| 1660 views | | 1 reply (January 27, 2021)
Post ID: @OP+197jZ6vv

What will happen in 2021?

IT trends for 2021 showing that everything is around WFH/ WFA. Companies need to break down their silo structures, need to look on costs, budgets are more tight because of the pandemic. There will be a big push into the cloud, companies need to build... — read more 

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| 3230 views | | 4 replies (last January 29, 2021)
Post ID: @OP+196ZLvD5

Who would take a job at Riverbed now?

When companies go through continual layoffs they hurt their ability to recruit–and you always need to recruit. You need to recruit because many of your best employees will leave on their own for greener pastures when they don't see a future. Those... — read more 

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| 3010 views | | 5 replies (last January 14, 2021)
Post ID: @OP+18FwwG6z

Aternity?

Are they still apart of Riverbed? Hows it going over there?

I felt this deserved a thread...

2021 will be the year Riverbed breaks. Riverbed will update all the 2020 sales, marketing, and roadmap slide decks with 2021 and re-present them at our virtual SKO requiring everyone to be on-camera. The riverbed groundhog executives... — read more 

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| 3070 views | | 6 replies (last January 14, 2021)
Post ID: @OP+18wdNxZW

Downgraded by Moodys

interesting review with negative outlook. https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PR_437133 I believe the company will be restructured shortly to a healthy base, means layoffs are coming quickly. What are your thoughts on... — read more 

More cuts are inevitable

More cuts are inevitable based on the 30% + drop in revenues and no consistent strategy or real focus. C Level leadership is dancing to whatever tune the TB folks tell them to dance to. There won't be many of us left when Broadcom buys us and lets... — read more 

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| 2130 views | | 2 replies (last December 5, 2020)
Post ID: @OP+18fsatmq

I am ready

If layoffs are going to happen, I'll be happy to volunteer. I've enjoyed my time here but it's time to move on. Things have been deteriorating for a year or two now and the downward trajectory doesn't seem to be changing. I don't want to get to a... — read more 

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| 2140 views | | 2 replies (last January 15, 2021)
Post ID: @OP+18fZnNvK

Global Users Conference

To customers really care? Is it just an impression or does it seem like this user event is potentially a driver to help us with a refinancing package and being able to show that customers still have interest in the company? The timing is suspect... — read more 

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| 2060 views | | 3 replies (last November 28, 2020)
Post ID: @OP+17UeL2SH

Should we be worried?

SVP of North America Sales resigns. He was a past coworker with and handpicked by the COO. He resigns in what should be the best commercial qtr of the year as 4th qtr always is year in and year out. His last day is November 16th and the reason given... — read more 

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| 2510 views | | 5 replies (last January 15, 2021)
Post ID: @OP+17MKe6Df

I see a lot of promotion at once - unusual!

I notice that many managers are promoted to VP or Director. For me, this is a sign that the organization is about to change significantly or that Riverbed is for sale. I have seen this kind of approach in several companies and it smells like change... — read more 

Q3 Target

So, how was it? Did we hit it? What's the truth

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| 3110 views | | 9 replies (last October 15, 2020)
Post ID: @OP+17d8AxRi

Who would buy Riverbed?

Anyone have any idea who would buy Riverbed assets? Figured that the portfolio would be sold in pieces, just curious who would actually buy it. I figure companies like Juniper, HPE or CA may buy the portfolio but who knows.

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| 1890 views | | 2 replies (last October 1, 2020)
Post ID: @OP+17cvYPZf

Who’d buy Riverbed?

I’ve been reading about a possible sell off and made me wonder who my next employer might be. Does anyone have any theories as to who’d buy our assets as they are?

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| 1520 views | | 3 replies (last September 30, 2020)
Post ID: @OP+17cFMVk5

Some Riverbed stats

Riverbed has 8 C-levels with certain C-levels taking over CEO reports. Under the C-levels, there are 35 VP/SVP’s. Under the SVP/VP there are around 50 Director/Senior Director roles. Just between these three levels, there’s a total of 93... — read more 

Leaking ship

Smartest people are jumping off the riverboat at alarming speeds. My manager has been offered a retention bonus to stick around. Anyone else being offered $$ to not leave?

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| 3010 views | | 12 replies (last September 30, 2020)
Post ID: @OP+171xzXlc

Layoffs would be a betrayal

Not that it counts, but I would personally feel betrayed if they implemented layoffs this year. We all agreed to significant pay cuts and mandatory PTO to avoid exactly that. If they go ahead and make cuts after all those measures, then why didn't we... — read more 

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| 4090 views | | 9 replies (last September 20, 2020)
Post ID: @OP+16IViXo7

Non-Compete?

Does anyone happen to have a copy of Riverbed or OPNETs non-compete agreements they could share?

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| 1870 views | | 4 replies (last September 19, 2020)
Post ID: @OP+16zSdgxA

How long do we have?

The plan to implement "restructuring" has got to be well under way. How much time do we have before the hammer falls?

What is going on?

Company closed first week of Aug, equals vacation burn. Good people continue to exit the business. Marketing effort soft at best. Other TB companies forced furlows. SP gets bought at 6 to 7 x multiplier. Thoughts?

these OKRs are a terrible idea

I don't know about the rest of the company but here in engineering this is a bad joke. We're all working with cut pay in the middle of a frigging pandemic and hr is still trying to force this down our throats? Its obvious they don't have the first... — read more 

...about that 20% pay cut

Third month of cuts with no end in sight. First month, kosher - doin’ it for the Riverbed fam. Two months - last pass. Third month - now you’re just f—ing it all. You can already kiss a number of good talented people goodbye. More, if this... — read more 

Parroting

I don’t know what mailgun or mailjet is but laying off people is sometime necessary. Too many ineffective leaders tend to create an illusion of a weak workforce which tends to end in layoffs. The experience we are having is just this and already been... — read more 

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