Five9s Senior Management is completely lost. They have no plan to get the stock back above. It's high of 200 per share. They keep hiring EVPs and letting workers go keep outsourcing internal positions to India which is a complete waste of time.
13 replies (most recent on top)
@rq I don’t agree with that - we could easily be on pay with our Covid peers which should have our stock at around $80 flat, meeting analysts expectations.
I think the reality of Wall Street is that they know our C-Suite isn’t cut out for this. I’d almost put a wager that if Mike and co were forced out by the board, we’d actually see a stock increase!
In no world does Five9 stock get above $60. $200? You should have sold while you could. Still nursing options at $170? Take the loss, Five9 showed its colors when it didn't reprice those boat anchors.
@fn greed is a powerful motivator and blinds people to their unethical behaviors.
Wonderful, has any consulting company ever come in and said ‘you’re the problem’ to leadership? The answer naturally is no, these firms aren’t paid to actually find efficiency, they’re designed to affirm beliefs and create figures to back it up.
Want some actual consulting?
- Catch up - spend the next six months investing heavily in our product lineup so at a minimum we match our peers functionality, which we can’t right now.
- Develop - merge our products into one unified offering (not a hodge lodge of logins and skill sets spread across the business.
- Exceed - Bring in top talent and support existing talent, expand and provide new offerings above and beyond our competition. I’m not sure we can do this with the race car analogy leader we have now.
I doubt however that Axil are here to actually help the company grow, just more of the same slash, gut, bleed strategy that’s working so well…..
See you all at one of our competitors who are salivating at the prospect of bleeding us dry.
@h9 David is the one who is the restructuring genius and can thank for the changes
Can confirm "AlixPartners" is back and they have Five9 emails and report to our favorite Chief of Staff. They have Five9 emails, Slack, etc.:
https://www.linkedin.com/in/matthewchildress7358/
https://www.alixpartners.com/our-people/28446/ross-coates/
https://www.alixpartners.com/our-people/28241/david-hill/
https://www.linkedin.com/in/eriksiegler/
Axil partners is back (meeting with incompetent. Mike), yes the bobs, and they are going to "help" turn the company around. In other words, more layoffs are definitely coming. They are expanding the office in Bangalore and looking for a bigger building in Chennai. This can only me one thing more hiring of cheap incompetent labor in India and fewer employees in the Bay area.
Who is the group??
@fa I will never forget Tyler Burkland announced his "promotion" while the layoffs were underway last August. These families need a class on business ethics.
Fortunately, more friends and family members got promoted today.
@ek The Bob's are back? Great.
@OP Also the group that pushed the layoffs is back in town and meeting with our incompetent CEO. If the board cared at all they'd fire him and bring in a competent CEO with proven experience.
It’s not just at that level, the whole company is in a state of chaos with people running around like chickens without heads. The company is in a difficult state right now that won’t be fixed until some massive reorganizations in leadership like engineering sales and product take place. We are also rapidly losing best employees that are getting massive pay boosts at competitors.