The story of utter destruction and misery of Sh-trix is yet unfolding.
The same incompetent evil executives that stole all our severance money with their PRSUs is now planning the massive numbers of layoffs ahead as Elliott and Tibco eliminate most positions except for the engineers.
Saying this was going to happen is not enough
How many people are still in denial over the upcoming layoffs.
So much misery ahead for those left behind…
2 replies (most recent on top)
I’m not worried
In an acquisition, assets are attacked first to reduce the cost of acquisition. Then, everything else is on the table to cover the cost of the acquisition as quickly as possible. Then, they see what can be done to make a profit on the acquisition. After fleecing what they legally can, they then hit the #2 which is layoffs. If they are close to break even, they could look to sell off parts and take profits. This was the plan with IBM back in the late 80s. The group that was looking to take them over found that the cost was almost what they could take from the pension fund. Then profit would have come from selling off all of the business units.