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 this?
4 replies (most recent on top)
Until Riverbed cuts all 500 VPs, SVPs, and Directors...and stops hiring these useless positions, the debt isn’t going anywhere and will only get worse. The problem is no new blood from areas that really matter...and it’s not investing $ where it should.
It’s game over soon. Think about it...since going private, has the company been able to string together at least three quarters of growth? The answer is no.
This doesn't sound good, wonder where they'll make the cuts...
I can’t see anyway out of this hole other than having more layoffs.
Leadership already took percentages of our paychecks, furloughed and took our vacation days, Riverbed founder stocks is a Ponzhi scheme and worthless, moved portions of engineering and support to India, dismantled two engineering BU’s, and laid off people last summer while splitting the company in unnecessarily in half. With all this, Moody’s still downgraded us.
Unless there there’s more money riverbed can steal from us then the only thing left is to let people go after all the wonderful (sarcasm) things they provided it’s employees.
Stay safe, healthy, and be kind - We will sh– our pants together.