How the heck did they decide who had to go? They let some of the most incredible, smart, talented, beloved people go, yet others who aren't as great are left. Does anyone have any insight into this?
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“make yourself feel better by telling yourself that someday it will be you that gets the axe.”
I hope former employees can move on with their lives. There seem to be several active on here that are wasting their precious time trying to make themselves feel better by badmouthing their former employer. Do you really think that will change anything? Let me tell you something you don’t want to hear but need to accept - it won’t. Move on. Don’t think about former employers after you leave them, no matter how you left them. It’s over, move on. Get therapy if you need to, because you’re wasting valuable time in a limited lifespan. Drop F5 and don’t look back.
60 years or long tenured
Survivor guilt? You work in the tech industry. It’s not uncommon. If you think this is the last layoff you will ever see, repeat this to yourself—“I will see more layoffs in the future.” And people up on high made these decisions. It wasn’t random. You were either picked to stay or leave. Consider yourself fortunate and continue to work hard. If you still feel guilty, make yourself feel better by telling yourself that someday it will be you that gets the axe.
For those that survived the virtual axe throwing session, congratulations! I am sure the guilt feeling is hitting (see above). The decision was 100% purely on cost of employment. Many individuals were paid very well, but did it make sense to continue with them knowing that it would only cost F5 more in the future to keep them. What I do not understand is the CEO is cutting his annual bonus and the execs still get 30%? Do what a lot of other companies did to keep employees. Remove bonus entirely for 2023. Take the pay off the board if this was supposed to be a Human first company. Most of the execs could probably retire today. Cutting MBOs to 50%? Might want to take that off the table entirely for 2023. I think employees would have rather seen that vs. watching their team members invited to a virtual session led by execs basically saying, thank you for the time, but its business. Just my random thought for the day as I know several people formally with F5 that have been impacted by the recent news.
The main principle is the cost of employment: the US has one of the highest in the world so layoffs in the US are always done in greater numbers.
The second principle is whether the job can be done elsewhere or is no longer need it because the business doesn’t require it
How? "Wheel of Fortune"
survivor's guilt is real. this is awful
It depends who shines his manager's a-s better
Most of the decisions were made by HR and higher level execs, not the managers and directors. There was a lot of 'fish in a barrel' to this.
The survivor's guilt is really hitting hard today. I feel terrible.