Sink or swim? Yuuge h1 prospects indicated late last year eh. Yea right.
US office closure
New York office to be closed by the end of the year Expect other 'non-key' offices to follow suit
Free advice to TB
Sell SF, NetIM, Modeler, Portal Hire witch doctor to fix SCON Raise UCX from the dead Keep AIX, AR, NP, SH and force PM to enforce scale, quality, documentation standards or boot them build a real data platform with ML extensions call McCanne and Day... — read more
Old management is stuck on old management ways
The only hope for RVBD is to keep selling what brings in the money and market it as something new. Build something on top of a real product with real money behind it, then spin it in a new box. Make some cosmetic tweaks to NPM/APM/WANOp and call it... — read more
Another round of layoffs coming within 60 days, more to come this year
RVBD will divest or shut down divisions that don't match their new direction and aren't bringing in revenue THIS YEAR. Never mind that the sales team only knows how to sell one product, and that product is becoming a dinosaur, and it's not the new... — read more
Attrition is out of control
People who have been with the company the longest are leaving in droves - looks like nobody wants to be here anymore. Even worse, the people that are replacing them - when management even bothers to bring in new employees - have no idea what they are... — read more
New Direction ...
I appreciate PM’s latest update on the new direction but when will TB and the rest of the leadership team realize they are not the ones that should leading this change. It’s literally like a 50 year old dude trying to pull off being a college student... — read more
Termination of appointment of Paul Stanley Mountford as a director on 26 February 2019
https://beta.companieshouse.gov.uk/company/05090414/filing-history
Some info on upcoming layoffs
Steelhead, steelfusion expect more migration to India. For connect, pray. But 10% is expected in July if the numbers don’t start going up. 2018 first half was ok, so we are being compared with relatively good quarters in 2018. Just hope the internet... — read more
Any new rumors?
Thought I would check proactively
There are still gaps that need to filled, cracks that need to be sealed and ceilings that need to be broken through
There is a future however there are dependencies that needs to happen. While RIF’s are a wake up call to all levels, there are still gaps that need to filled, cracks that need to be sealed and ceilings that need to be broken through. The question of... — read more
Austin Office Lease was not renewed
A few months ago my friend who works at the leasing office told me the office lease was not renewed. I thought nothing of it until my former VP at another company (outsourcing company’s sales team) text me today about outsourcing the Commercial... — read more
I just cannot stay in a company that has no future and pays little
I just did it. Tomorrow is my last day. I would recommend trying new opportunities because the job market is pretty strong and I got a 20% pay raise switching to the new job. I just cannot stay in a company that has no future and pays little. Best of... — read more
Tomorrow is my last day
I just did it. Tomorrow is my last day. I would recommend trying new opportunities because the job market is pretty strong and I got a 20% pay raise switching to the new job. I just cannot stay in a company that has no future and pays little. Best of... — read more
Jackpot! Eureka! Yahtzee’s!
Good news Riverbuddies about the company’s stock price. I have insider news from TB and a little birdie from Finance that our stocks that were purchased and/or valued at $0.09 have moved by 33%! The new price is now $0.0342. Guess I’ll have to... — read more
The company still have 2B debt to pay off
It needs to be valued at at least 5.5B so your common stock worth more than $0. We are now one of the top 3 OLDEST portfolios in TB's hand because of the company's way too under-performed. Majority of TB's companies are bought later but sold earlier... — read more
Layoffs at Riverbed have started
The entire Enterprise ISR Team (Remote and SF Office) were let go today as of 9:30am. Thier last day will be this Friday, 22nd. Judging by this, we are looking at really bad several weeks until all the layoffs are done. I'll be honest, I didn't... — read more
Management needs to hit a number by a certain date and is willing to make us hungrier to get there
New comp plan in sales is def there to get us to linearity faster with a 50% drop in BCR. Management needs to hit a number by a certain date and is willing to make us hungrier to get there. You combine this with the fact that they cancelled SKO in... — read more
New comp plan
Thoughts? Is this a part of the strategy to get rid of people?
New cuts?
200 person RIF across the company coming in the next month. It’s being prepared right now. Sales will be hit hardest, but it’s cust across all departments.
#BRINGJERRYHOME
My dearest fellow Riverbedders- I don’t know about all of you but I feel like I have a little Winston Churchill in me tonight. I write this to you as I fight back the tears streaming down my face while wearing my cozy riverbed thermal and favorite... — read more
Fate of the Sunnyvale office
https://www.mercurynews.com/2019/01/25/alibaba-arranges-big-lease-for-silicon-valley-outpost-in-sunnyvale/
The new way seems to be to go for the cheapest labor
I was with support for over 6 years and consider many of you family. Support is a pyramid with a foundation of L2 and a tip of L4/Staff Eng but this model only works if everyone is competent and pulls their share. When I left it was popular for... — read more
Bye Bye P O'F
So now that he's almost gone and we a new GM, how'd you think things are going to change? Pushed out or jumped ship? Is there anyone left upstairs? C'mon PM, we need you to mumble something here to cover the tracks.
Beware The Ides Of March! (Or April actually)
Anyone else find it interesting that the annual Riverbed Sales Kick Off got moved from January until June? I’m not sure that “interesting” is the word the Sales dudes and dudettes would use.. unless it’s like the Chinese curse of “may you live in... — read more
How we hire leaders
It’s quite amazing when I see groups struggle because of how Riverbed hires. It seems that we hire “leaders” based on their past experience HOWEVER, is their success is predicated on “easy” then these leaders will end up clueless when times become... — read more
Preferred Stock
Does the company buyback preferred stock after you leave the company? do they pay compound interest year over year or the original purchase price? anyone knows? preferred stock is the one with annual interest rate not the one worth 9 cents.
Support reorg
Just announced a Support reorganization that will change everything that has been setup since the beginning. Basically they will be adding to the bottom and removing from the top. This is coming from the board, demanding to cut costs and the b--ch... — read more
what would you do to a company that keeps missing financial target
missing 5% again. i wonder what's the stock price now.
Service delivery platform team of 50 fired across locations
I was part of new product(Service delivery platform) that Riverbed was developing. Whole product was sc-apped one month back . 30 engineers from India and near about similar number from US and UK were fired. Horrible management. Provided only one... — read more
Order Hell
Trying to get anything done with Riverbed is like pulling teeth. Orders take forever to turn around and getting anything from them is difficult. TAKE MY MONEY!!! This should not be an issue. The reps basicly have no sense of urgency
Layoffs done very quietly
Layoffs done very quietly, no internal announcement, just 1:1 calls with manager on webex with HR and no clear reason given as to why? If RVBD wants to really address the stagnant sales, upper management of Sales should be RIF'd and new blood brought... — read more
I got laid off today!
From what I can tell about 7.5% of the sales force got RIFd. 75% of those let go in sales were technical sales engineers. I am not sure about the RIF percentage in other areas of the company. Decent severance package. Looks like 1 month severence for... — read more
Layoffs this week
Some cuts planned in sales and/or sales engineering and some departures have happened in sales too. I think the company's bet on SD-WAN didn't pan out, and shifting from capex revenue to opex/SaaS revenue incoming is causing short term issues with... — read more
Engineering Title
Does this company not have any title other than member of technical staff? How do i know if someone is more senior technical person without counting his grey hairs?
Minor layoff for Xirrus
Minor layoff for overlapping Xirrus sales positions.
You get a holiday.. you get a holiday.. we all get a holiday!
So, enforced leave for us US staff members for July 2-6 (Independence Day) and November 19-23 (Thanksgiving).. to save millions and make EBITDA look better. Yay!
Captain's leaving the sinking ship!
Jerry has announced he's retired and the Sales VP Paul Mountford just got a promotion to CEO... — read more
Watch your back
If you are contemplating a position at Riverbed my advice would be to keep on walking. I’ve been with the company for a little over 2 years and am currently looking elsewhere. My department has coworkers that seem to be undermining each other as much... — read more