Mike is the King of double speak when asked if there were more rifs planned he immediately said NO then immediately followed it with it depends on bookings! He was asked where we were when it came to profitablity goals that would help us avoid future layoffs he refused to give a straight answer.
Major fumble, do yourself a favor Mike, no more all hands/firesides. You're no good at lying
@a2 "Moreover, cuts of this magnitude could suggest that Five9 is prepping to be sold and unloading its payroll.
While this is speculation, Five9 has faced rising investor pressure over the past 12 months, in which its share price has sunk 30 percent (despite its maintaining double-digit revenue growth).
In December 2024, the CCaaS provider appeared to bow to this pressure, giving a board seat to Anson Funds, the asset management company that publicly urged Five9 to sell up months before.
Now, Anson Funds and other activist investors could be attempting to push through a sale."
@a3 I agree. With the company declining this fast future employers will look at you being part of the problem here. Similar thing happened with the old Avaya people that stuck it out too long.
I hate working at this sh---y company because recruiters know its a sh---y company. It is a hustle to get out of here, but I think we will all find some good refuge one way or another. Excited for the next RIF!
https://www.cxtoday.com/contact-center/five9-lays-off-three-senior-execs-with-broader-jobs-cuts-to-come-sources/
Agreed, feel less secure than before the meeting