Brilliant, dedicated professionals with years of experience working with a suite of products that isn't exactly intuitive are asked to leave immediately.
Thoma Bravo destroys value without a thought to use a week's notice to extract some institutional knowledge from years of investment in real human resources.
Social capital, positive regard, and drive for success, results, and excellence squandered for fear of layoff backlash.
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Here we go... A bunch graying traditionalists coming on to try to run a cloud based B2B SaaS like it's Walmart.
I don't know what happened to other departments, but mine was gutted, with key individuals that hold a lot of knowledge and expertise being eliminated without proper knowledge transfer. The usual feeble attempts were made, like they think a complex engineering job can be done by any unskilled (and cheaper) labor if only everything is documented really well as policies and procedures. All that did was tip everyone's hands that this was coming, making people uneasy and less likely to produce quality results. And in the end we are still royally fu---d without those key contributors.
Just look at what happened to Anaplan.
VERY disappointing for the future to see such amazing talent let go. So short sighted.
TB doesn't really care. Their only interest is to cut costs quick to try and stop the bleeding. What they'll likely expect of those who stayed is to pick up the pace from those who left and to learn quickly, and overwork everyone in the name of profit.