Thread regarding NetApp layoffs

Spot.io Layoffs: Business not doing well

There are sudden layoffs at Spot.io this week. There were another two rounds that happened at the end of May; the start of May and also last quarter.

Churn is high; the leaders keep missing their revenue numbers and the rank-and-file employees suffer the consequences of poor leadership.

Outside of the USA, almost the entire partnership team is gone; alliances are gone and so are several strong account executives.

How bad do you have to be to mess up this business? You are running a cost optimization business in the middle of a tech winter.

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| 2482 views | | 4 replies (last July 2, 2023) | Reply
Post ID: @OP+1nmI3lWN

4 replies (most recent on top)

What gave you the impression it was a loss?
There’s a reason he was called Anthony Liar
Everything he did failed. Every company he bought failed.

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Post ID: @3wcz+1nmI3lWN

To the previous poster, excellent post. All this time I thought Anthony Lye leaving NetApp a few years ago was a big loss. According to your comments, it was the opposite. Eye opening.

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Post ID: @1csv+1nmI3lWN

The entire Spot Sales Team of Spot are the most useless bunch of "specialist", self-center, arrogant B-C+ players I have ever worked with. Such a lack of talent and experience on one team! They all got lucky that Anthony Lye sold George Kurian (GK ) on a visionary pipe dream, which GK went all in on with Spot being the "keystone" foundation technology, which ultimately take down the once great and now legacy company.

In January, I saw the entire Spot BU forecast and it was LESS THAN 10M and mostly in non-impactful accounts. It is a late-to-the-game product; not a solution. The DevOps + FinOps + CloudOp messaging is all fluff as the product does come close to what it is stated; hence once GK figured it out, he let go of Anthony Lye, who is now at Palantir. What NetApp should have done was take all "specialists" and made them general AEs to compete head to head with more feet on the so-called street but they think they can eliminate everyone via automation, which they will not be able to pull off. They cannot even get their own house in order..example: multiple postponements of the CRM rollout, which has been a disaster.

If you think the layoffs are done, then you are an id--t! More to come so prepare yourself and get out NOW! Good luck!

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Post ID: @1fss+1nmI3lWN

Entire partnership team is gone outside the U.S., what does this mean? Sales group members are leaving OR being reduced?

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Post ID: @hfd+1nmI3lWN

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