Stock gains in the last year wiped out. Company is desperate to sell to dying legacy tech giants like oracle and cisco due to failed transition to cloud ad they only do on-prem hosting.
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Historically Splunk does layoffs non-stop there isn't a % because its constantly rolling. But now they're up the creek without a paddle a failed transition to cloud that never happened and real estate nightmare. They rented offices in San Jose in the Santana Row mall at a premium and have paid high rents for the last year without any employees inside because of Covid. Now everyone works remote and more than doubling teal estate at premium prices have done them in as their sales and stock are in shambles.
It feels nice.
how big are the latest round of layoffs? rough time to be a splunker.
It sux to work so stupid just to do a bad job and find out the stocks are worth less, and have to work years longer to make up for the shortfall, then get your behind fired.