I don’t know what those at the top think about it, but my opinion is that this company could be in big trouble in the very near future. However, they don't seem to care at all? There are still many talented and good employees here, but most of them already have interviews scheduled in other companies.
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Sad, but true guys. If you aren’t booking interviews with other companies, you are missing out on some great opportunities. With the Federal Reserve increasing rates in March, this will curtail economic growth and probably hurt some companies’ hiring plans. Accordingly, get out now while you can and give yourself plenty of runway. A lot of companies are hiring software engineers. Consider even the private sector where corporate culture is great. I personally would consider any of Jesse Lipson’s companies. That guy was awesome when he was heading ShareFile and knows what he is doing. Think how ShareFile growth decreased when he stepped down.
Private equity owners only care to sell for more than they bought. As long as they package the company correctly and they can sell it for a premium, they have done their job.
If you were in their shoes, what would you do?
- cut costs by letting expensive people go
- maintain on-going products with a maintenance mindset. That is, no need for innovation or new features which have a long time to pay off that investment
- 1 & 2 above: Use cheap off shore consultants.
- ki-l/sell off products that will not add value to the future sell
There was zero reward for employees in this buyout and zero retention actions being taken. There will be nothing of value left by the time the deal closes and especially when they try merge into Tibco and cut pay and benefits.