Thread regarding F5 Networks Inc. layoffs

RIF is in CEO control

RIF is not in CEO control. Businesses are impacted by current economy, CEO has to make adjustment according to current and near term future economy environment. None of us want our team mates to lose his/her job but payroll is the biggest costs.

Do you know whose pay is by far the biggest cost? The CEO's. He got around $13M last year. He could half that, still make a ki-ling, and save quite a few jobs in the process. Do you think that's what he's going to do? Of course not. Layoffs ARE on the CEO.

by Anonymous
| 1533 views | | 5 replies (last November 7, 2023) | Reply
Post ID: @OP+1mtTJgFE
Comment! It's anonymous!

5 replies (most recent on top)

GM of NGINX confirmed today that pay is a prime factor in shifting the workforce to India.

by Anonymous
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Post ID: @30dau+1mtTJgFE

Executive 30% bonus is larger than a worker paycheck. I for one did not, do not get 10,000 shares of RSU.

by Anonymous
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Post ID: @30rax+1mtTJgFE

FLD threw this company to gutter with failed acquisitions.

by Anonymous
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Post ID: @cemt+1mtTJgFE

should not squeeze the masses and reduce their MBO's, F5 has reduced all MBOs by 50% for 3 quarters. Bit odd when SVP and above still dine out on stock and salary and are not tpuched.

Lots of people are properly annoyed at multiple changes in payment plans and payment reductions. FLD is ultimatley to blame regardless of economics.....

by Anonymous
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Post ID: @4lyg+1mtTJgFE

Taking $0 bonus for 2023. Fiscal year end Sept 30th and I bet the bonus will be back + pay raise. Also, his direct reports are only taking 30% of their bonus.

Yes, many jobs would have been saved by reducing the bonus to $0!

by Anonymous
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Post ID: @4okz+1mtTJgFE

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