Where are my returns! Absolute disgrace and disaster. Board and MB should be disgustingly called out.
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- 13USD. Far cry for 40USD
Most people I know in EU are just waiting for severance payments.
I was speaking to a colleague in England and he said the same
Never fear! MB loves us! Remember, he wrote us a love letter?! He really needs to go sell crazy some place else, all of the employees are already stocked up!
@Where are my returns!
Don't worry! I'm sure the new AYCE license model will definitely bring you returns, as the long term clients getting off of our products continues to increase while revenue decreases! Mark "The Hut" B will sink this company while the board plays their violins- all of the life boats are full and gone!
52 week low. Back in December target price was $40.
How much longer can you show revenue declines and beat earnings?
I guess the market is unconvinced by the latest coat of lipstick on this pig. New CPO, new CFO. . what other tricks do you have up your sleeve MarkB? We know innovation and employee satisfaction is not on the list.
Following the 1990s playbook on how to ruin a company.
The MF acquisition was much too costly and the debt has ki-led the stock. So instead of structuring an aggressive debt reduction program and operational turn around, the company turns to layoffs upon layoffs. This has ki-led morale and any sense of community in what was once a good company . The layoffs have targeted long-term employees; those that had the knowledge and smarts to run the mess that was created via all the acquisitions. Other long terms have left, retired, or are looking to get out. What’s left behind are many weak middle management and execs.
Mark is trying to save face from the disastrous MF acquisition. Now turning the latest strategy shift (a new one every quarter) to ITOM and Cybersecurity. Those markets are oversaturated with established big time players, and new players with better and more innovative product lines. Cross selling into those markets will only do so much.
Internal operational costs are never examined and remain unmanaged. The company has zero operational acumen, never had a COO, and no internal process structure. Instead of looking to save money by improving and streamlining processes and operations, they take the easy road and utilize multiple rounds of layoffs. The long term, hard working employees deserved better.
The rehire of the new product head, and focusing him on ITOM, is a huge mistake. He’s not an operational executive, and his last tenure at OT resulted in a huge mess to the OT hosted cloud and underlying infrastructure. Company has resorted to paying to run more cloud in MSFT, GOOG, AWS utilize the AI and threat detection services from MSFT at significant cost.
Stock is probably oversold at this point, but not sure how company culture ever gets back to a thriving environment. MB’s dictatorship style, lack of employee empathy, and zero care about internal operations, will never get the Company back to where it was just a few years ago.
“The thing is, Bob, it's not that I'm lazy, it's that I just don't care”
OT needs a happy workforce—but instead, we have a demoralized, overloaded team that avoids work simply to survive.
Why? Because employee satisfaction isn’t a priority. Just look at the tools we’re forced to use—outdated, subpar products that are painful to use (hello, ValueEdge 👀). Dogfooding should help improve our products, but there’s no path, budget, or desire for that. It’s just a cost-cutting exercise.
So, we suffer with archaic business practices, oppressive leadership, and terrible tools—while our competitors leverage cutting-edge AI and modern tooling.
At this rate, we’ll be irrecoverably irrelevant within a year. Maybe that can be the topic of Mark’s next book: "How to Crush Innovation and Demotivate Employees."
Stock is undervalued good time to buy
The Jabba has run out of industry fads to copy. The products are not what customers want/commoditised and his ex-CPO just did as he was told. Skilled staff have been fired to reduce cost and engineering is force to follow the fad agenda. We should never have bought MF.