Seeing more important people leaving every week. Even our senior management seems to be making plans of their own to bail. Hope it can last until the first of the year when hiring picks up so that I can leave too
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Used to work there until I got laid off, super woke company and had amazing policies on office attendance outside of the US. Was a complete gravy train bereft of innovation or ideas, largely saw product flailing and falling off at the wheels in real time but collecting the money pay for doing 2-3 hours of work per week was unbeatable
@k0 genuine question - how exactly this pay out scheme works?
Usually it’s either Stock-For-Stock swap or all-cash deal, in case of acquiring by PE.
In second scenario, employee’s vested stocks will be bought out at the near the market price. Unvested stock will be wiped out, unless execs will able to negotiate accelerated vesting or something like that. I don’t think they have a leverage for that.
@cv "Even the execs left. They are all just waiting for a purchase so their equity pays out"
That is 100% accurate.
This consulting firm has no other option but to suggest cuts. Are what’s coming substantial or small?
Leave whilst you can, Mike destroyed something great. Don’t be waiting until you’re inevitably laid off by Mike or by a PE buyer. Jump ship, a lot of our competitors will snap up Five9’ers because for years they couldn’t get us.
What Mike and his Exec team did to this company is astonishing - taking employees willing to give everything to grow us, listening to some sh---y consulting firm, then destroying all morale and good will based off said sh---y consulting firms opinions.
I can’t believe that the company I wanted to spend the next five years with has collapsed to this point. It’s awful, and we all know who to blame. If the board had any sense back then, they wouldn’t have let Rowan go…
Who left?
@OP No one likes working here, even the execs left. They are all just waiting for a purchase so their equity pays out. No one likes or trusts the CEO, we have him to thank for running the company into the ground with extremely bad decisions over time. Five9 should be a grad school white paper project on what not to do as a BOD and CEO.