Engineer, Carlsbad. Laid off yesterday.
quote from yesterday: "Viasat has peaked.... multiple layoffs in the past few years. This company is a slow sinking Titanic.... if you're one of the lucky ones that made the cut... are you really considering a future there?"
lets elaborate:
- Progress VS1, NBN, etc. basically customers in early 2010's like the product. although still shi--y, there's nothing better available.
- Dankberg gives his bi-annual all hands, catered food, beers for everyone, etc. etc, preaches bandwidth economics, shoots down feasibility of LEOs, all aboard for VS2, all aboard for more GEOs. Who cares about ping times and customer experience right?
- VS2, VS3 X3 in design BETS THE FARM on GEOS
- 2017 ish VS2 being rolled out VS3 expenditures begin, "unprecidented times" limit unnecessary spending, unnecessary travel, skip conferences, etc etc. This message hasn't stopped btw
- "anomaly" on VS2 reflector, leadership still doesn't have the ba-ls to push the button, insurance claim.
- VS3 underway. huge investments in ground infrastructure, fiber networks, satellite design, space mfg., etc. etc. all in for GEO. Everyone drink the cool aide
- VS3 dubbed "mythical beast" how fitting. i'll still rock the T lol
- SpaceX makes LEO work, beats Viasat to market
- Covid. airlines grounded, infilight wifi halted. stock tanks, 1st round of layoffs ~6% 320 heads
- Leadership continues to hold the line, FCC-SpaceX, continues to discredit LEO, people only want to stream movies etc. etc. etc.
- Viasat decides to buy imarsat for 7.3 Billion! Talk about all in on GEO. Company is worth 2.35 B right now let that sink in!
- Shakeups at CEO, Baldridge, back to Dankberg, Lets hire a company cheerleader while were at it (talk about a person that brought on some bad juju)
- More layoffs pre VS3 launch ~ 4% 300 heads. thanks Guru! sends next diarrhea of the mouth emails to console whose left. glorified cheerleader
- VS3 disaster, paid the company that's destroying you to launch it, two copies of the disaster in the queue.
- Inmarsat disaster, company is now an insurance troll.
- Stock nearly in single digits. more layoffs 10% 800 heads. Roughy 1500 people since 2020
- LEOs kicking a$$
- company can only dig so deep, can only prop up stock price by cutting people for so long, empty campus, losing good people, mass exodus incoming.