CFO is from TB. C-Suite changes. Aternity spin-off. To me, that translates to double your work efforts to make Aternity look good while still doing your day-to-day. Oh and by the way, we will now keep a closer eye on all your spending, scrutinize every purchase item, and squeeze more blood from this stone. Hiring has all but stopped unless u r part of the team making it rain.
GG, Riverbed. Fun while it lasted.
What post? Is it the LTIP one? Everyone figured this was the case because the lack of any movement or strategy during this period. In some ways it does give some people an understanding of how the leaders operate so if it’s old then it’s a great old post.
Man you are peddling your old post
A reminder of our leadership’s ways that should further lay to rest any thoughts of our leaders doing anything good:
https://www.thelayoff.com/t/104ch0TD
Greed and non-transparency drives these guys period. Let them talk and write emails, that’s about all they’re good for after bleeding everyone.
The past month revealed a lot about riverbed leadership - they were lazy, they screwed up, they are GREEDY and they are COWARDS. This combination doesn’t lend itself to everyone making anything. So don’t bother pondering the what ifs , with the British blokes we have, you won’t earn an addition penny and they’ll make sure if it. If give British people more credit if it weren’t the fact their new PM is a literal reflection of British leadership.
Current Riverbed employees make money if the class B shares go up. That would require an equity event (IPO or acquisition) that values the company higher than what it is valued at now. The odds on that are slimmer than a lottery ticket at this point.
So they can just take a portion of rvbd and sell it and gobble up the money?
Under what circumstances does a Current rvbd employee make money? Is severance package the only viable option?
"when Aternity sells, at least the rest of the people should get a piece of the pie"
What people would those be, comrade? If, by some miracle, Aternity can be sold, 100% of the proceeds will go to TB investors to mitigate their losses on the whole RVBD fiasco.
Well when Aternity sells, at least the rest of the people should get a piece of the pie, not just the lucky ones in Aternity group.
“True to life cowards”
Yeah that’s British people for ya!
The Aternity BU is basically being built as a cowards organization. Meaning, take the perceived strong players while making the DN group (basically) work for the Aternity BU by funding and feeding them. Man, if this true, the Aternity leaders are, true to life, cowards! I really hope for the sake of the folks in DN that no one buys Aternity, mainly because the tech isn’t great but also for the fact leadership will dump and run and taking zero risk in the process.
If the company was at max efficiency, then yes, I can see us employing ~1000 people. But we’re faaaaaar from being efficient. At its current state, we should really have 2000, but TB would never allow it. And I mean full time employees. People are being asked to do more and wear more hats with the same pay. Great for experience but bad for work/life balance. With Aternity splitting, the entire company is being asked to stand it up as an independent entity. That means everything you do now, you also do for Aternity. Good luck finance folks with the chargeback system lol. I don’t have a lot of faith because I am a jaded. If the acquisition work of the past is any indication, then split off may look really ugly esp with people leaving.
Anything new? Keep me feeding some new information, want to stay in the know. Checking this site frequently. Does it have a RSS feed or email notification?
"If TB is serious about the DN business..."
They're not. They want to sell off what they can before firing PM and his brain trust. Firing these clowns now would create a perception of greater instability and reduce what is already likely to be a fire sale price.
Cisco let go many of the SE’s who were part of that old school regime is SE’s back in 2000’s. They also got rid of their newbies as well. I’d say the pool of talent isn’t as good as some would think unless you want those Y2K SE’s - you know the silent only till spoken to types
If TB is serious about the DN business then the really do need to upgrade some of the leadership on the solutions sides. If not then keeping the relic management team is surely an indication of an “I don’t care about you” attitude
Email from PM announced it on 6/27.
Did they announce new CFO ? Is someone from TB CFO ? Thats bizzare. Talk about frequent communication from Leadership. They announce everything except for new CFO ?
Cisco had a healthy cut too. Market flooded with resumes
TB made some good coin on Dynatrace I think their track record is impressive so let them run the company as they see fit.
How many people are we even left with now? 1500?
I don't think people leaving is a problem. The headcount needs to go down. We should be able to run with 1000 people.
If you want to prevent people from leaving then leadership needs to be honest and transparent. Don’t hide this fact while keeping closed door meetings and hiring consultants to do their jobs - seriously.
If not then field folks will have their day if departures and hiring new talent will be a function of writing fake reviews on GD
Re: retention. Talk. Only talk. Don’t get excited. Just people at very low levels talking about ways to possibly stave off a potential mass exodus.
@soon2bgone What is this retention money you speak of?
only light at the end of this tunnel is the proverbial oncoming train... i'd be shocked if anyone ISN'T looking elsewhere right now. why wouldn't you be? hanging around to get the package maybe?
@KK - I hear talk about retention money, but that is all it is at this point. I would not hold my breath for anything. The only way I've seen people get more is if they resign and the company counters.
This layoff took a lot out of the all of us. Many of us who were were hanging on and were still believers are not so much now. People who I know were not looking or were passively looking are now ramping up their active search. It takes time to work through the interview process, so I would not be surprised to see a lot of departures in the late Q3/early Q4 time frame.
Aternity IPO’ing ... hmm ... not within a year or two I’d imagine. I think the APM division will create drag in this BU. Aternity drag is simply that tech being niche and the fact POC’s are super long and can fall prey to non-renewal, which applies to APM as well. Their only hope is to get bought, which I think is the plan
Saw one of the execs reading this site
Can aternity be individually IPO’ed? If no buyer comes forth and if there even a little bit of value, perhaps common people would want a piece of the pie?
As an employee, I am trying to get a job outside. What else can I do internally to maximize my income. Are the remaining people negotiating more pay? I don’t want to be the only mo ron missing out on it. I see a lot of good people still hanging on. Why?
TB knows the RVBD investment was a massive train wreck and is only looking to contain the loss. The likely strategy is to gut costs from the SH business and hope to find a Broadcom type buyer. Kool-Aid drinkers notwithstanding, what's left of SH is where most of RVBD's value lies.
There may/may not ever be a buyer for Aternity and the rest of the gum-and-bailing-wire software business. This stuff isn't anything special and doesn't have a lot of value except in the eyes of some current RVBD employees.
If you can, best bet is to move on.
Ask what % of total co. revenue the Aternity division provided during the last 12 months?
Then do any of the mgrs have experience in any capacity working on a software dev team or even selling APM.
On the other side of the coin you have an outdated set of products going the way of the dinosaur. Anyone still buying 40 U sized rack monitoring tools running on lamp with a UI from the 90's.
The Aternity BU is way to over hyped. The entire EUE industry is barely in the peak of over inflation; wait until EUE/Aternity enters the trough of disillusionment. You know the leaders are mo–ns because the legacy APM space went through the same damn hype cycle and look where they’re at and look even more closely at what the surviving APM vendors had to do to barely stay afloat.
Bottom line people, the ONLY hope for the Aternity BU to succeed with lame leaders and products Folks is a very quick acquisition - and the hope the buyer is as dumb and disillusioned as the Aternity BU leaders are.
AE, PM and MS have no idea about the software industry - they’re relics from the past who operate and process information like the Intel 4004 processor - SLOW!!
To those that are going to try and compete - well, get smart fast! Don’t fake the fact most of you aren’t coders, real CS, statisticians or even software debuggers because you’re not but the customers are. Just look at the talent out there that made it and failed - those people are a hell of a lot better than the Aternity team - plus the implementation of Aternity really isn’t going to prevent another company from doing this on their own.
Good luck and hope the buyer snaps you up - you won’t survive otherwise.