Advice to Coupa employees

Advice to Coupa employees, start preparing for layoffs. I worked for a Thoma Bravo acquired company, Auctane. Shortly after the acquisition, most of the executive team left, including the CEO. There was an all-hands meeting shortly after the new CEO took over. Everyone told there would be no layoffs and the future is bright. Also told that the El Segundo office would continue to house corporate functions even though the new CEO resides in Austin. Guess what—the first round of layoffs happened not long after and many positions in California were eliminated and rehired in Austin. Employee were clearly lied to. Thoma Bravo will be aggressive with cutting positions to make the company more profitable. Needless to say, morale is very low. Good luck to Coupa employees.

Reposting this from another thread in hopes more of you will see it. @cdc+1k9Sho0u said it perfectly.

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It just happened today

I'm glad I'm looking now. People still drink the cool-aid but don't know anything about their owners. If you do not believe Forbes then you will be bottom feeder for life. Forbes says run!!!!

https://www.forbes.com/sites/loracecere/2022/12/14/thoma-bravo-buys-coupa-barbarians-at-the-gate-of-supply-chain-software/?sh=4caecabb7024

"It's not necessarily a bad thing but there will be layoffs, no more stock options, lower bonuses paid out etc." So how is this not bad!!?? Oh yeah, I forgot about Robert Bernshteyn who recently did this...."According to the SEC Form 4 filings, Robert Bernshteyn has made a total of 61 transactions in Coupa Software Inc (COUP) over the past 5 years, including 0 buys and 61 sells. The most-recent trade in Coupa Software Inc is the sale of 8,074 shares on December 21, 2022, which brought Robert Bernshteyn around $634,536." One more thing, "Robert Bernshteyn made $17,928,137 in total compensation. Of this total $687,500 was received as a salary, $700,000 was received as a bonus, $0 was received in stock options, $16,536,637 was awarded as stock and $4,000 came from other types of compensation. This information is according to proxy statements filed for the 2022 fiscal year." This person was right. It is not all that bad, if your name is Robert Bernshteyn...

If you don't think Thomas Bravo won't make things lean, then you should do some more research on past purchases. It's not necessarily a bad thing but there will be layoffs, no more stock options, lower bonuses paid out etc. All to start turning a profit quickly. Coupa doesn't need investment dollars and has already gone public. This is an opportunity for TB to make some coin in the future.

Morale should be low. The gravy train of operating losses is over. Learn how to work for a profitable company instead of one that puts an absurd culture over profits. It was only a matter of time.

Management is making this all sound positive. Some are poor liars and we can see right through it. tbh they look worried too.

Thread regarding Coupa Software layoffs

Advice to Coupa employees

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