Thread regarding Five9 Inc. layoffs

In the know was right, more layoffs coming

Sources inside Five9 indicated that CEO Mike Burkland had an all company meeting today and while he didn't specifically say there would be more layoffs, he did say that part of the companies strategy to lower costs would include outsourcing US jobs overseas to utilize cheaper labor. Most believe that despitie the CEO statements to the contraty, the Acqueon India acquisition will form the basis for the companies cheap labor move and will reduce US employee payrolls even further.

The CEO was also reported to have vehemently denied repeated questions about whether the layoffs were part of preparations for a sale of the company.

Our source in the industry say otherwise, there are strong indications that the company is indeed preparing for a potential sale that will be announced before end of year 2025.

by In the Know
| 1911 views | | 6 replies (last April 21, 2025) | Reply
Post ID: @OP+1jr1cjdxd
Comment! It's anonymous!

6 replies (most recent on top)

Panos and his cronies (in US and Porto) need to go.

by Anonymous
| | Reply
Post ID: @2k0+1jr1cjdxd

Can anyone trust anything that comes out of Mike Burkland at this point?

by Anonymous
| | Reply
Post ID: @10a+1jr1cjdxd

Acqueon is a disaster, "leadership" at Five9 has no plan on how to integrate them and is stuck with se3ual harassment lawsuits from employees against their top exec. As usual didn't do their due diligence before acquiring them.

by Sad
| | Reply
Post ID: @v7+1jr1cjdxd

Mike is the problem.

by Anonymous
| | Reply
Post ID: @e2+1jr1cjdxd

If there’s going to be another round in six months, it’s time to reconsider whether Panos and Tony should continue in their roles. It’s unfair to keep letting go of lower-level employees who do the hard, day-to-day work while upper leadership remains untouched. You can’t modernize an organization with the same old leadership mindset. At some point, we have to ask whether the top needs to change before the bottom is gutted any further. And frankly, Panos’s race car analogy has worn thin. It’s time for real direction, not metaphors.

by Anonymous
| | Reply
Post ID: @ds+1jr1cjdxd

Acqueon leadership is worse than Five9 so that'll be interesting. Word on the street is the Acqueon top leader se-----y harasses his employees, it's even on their Glassdoor site. Everyone at Five9 knows about it and is watching. The best thing that can happen is to sell Five9 and get rid of the CEO and the toxic leaders. The shareholders and employees are getting sc--wed. Even with the recent board activist Sagar Gupta joining, Mike is still around. Terrible oversight.

by Anonymous
| | Reply
Post ID: @a3+1jr1cjdxd

Post a reply

: