Thread regarding Commscope Inc. layoffs

amen brother....

Home Networks first, then the rest of ARRIS? The only upside is that Carlisle is gonna take a bath for financing the acquisition. They could have said, “Nope, this is a turkey no matter how much gold paint you sprayed on it,” and that would have been that. In effect, Commscope has destroyed ARRIS and a lot of CS shareholder value along the way.

Bruce was doing exactly what his job was as CEO. Maximizing shareholder value. He got way more for Arris than it was worth in my opinion. He knew that if things didn't go 100% perfectly, he was the first to go out the door. Until then, collect the paycheck. As for Eddie, I don't think he retired. I think Carlyle retired him. The merger was not giving the promised returns and Carlyle really wanted their billion dollar investment to be worth something so their board members pushed out EE and Frank Drendel for having the bad sense to merge these two companies that had way too many of the same customers. They brought in Treadmill as the hatchet guy. Cleaver Chuck wanted to cut the company into a bunch of pieces, but the pandemic got in his way and then the Home Networks spinoff did not go the way they wanted. It's been a comedy of errors at this point. Take a look at Chuck's last company that Carlyle put him in charge of. Within 4 years it was split up for parts. Just my two cents.

As a former ARRIS/ANS employee, I have to look at the history of this mismanagement. Not sure what Bruce McClelland was expecting when he sold ARRIS to CS. Maybe he thought that no one would pay $7.2 billion. Maybe he thought he would step into Eddie Eddie’s position if he retired. Didn’t take long for BM to be shown the door. After saddling CS with overwhelming debt, Eddie Eddie conveniently retired and we got Chuck Treadmill. Did Carlyle really think he was going to recoup their investment? They thought wrong, obviously. You’d have to actually understand what you’ve purchased and how to leverage the talent and products effectively. This is way beyond any bean counter’s purview.

I truly wish ARRIS had not been sold. The corporate culture differences between ARRIS and CS was truly striking. Us ARRIS employees felt that were the “little people “ from the get go. Hopefully, ANS will be divested to someone who’s not a coupon clipper.

Couldn't agree more with last comment. Any ANS employees would prefer to take chances with a potential Ans divestment, the hope is a new buyer couldn't be any worse than CS.CS have zero respect for employees and its either leave of own accord or we will burn you out with less staff amd more workload and no merits .

As a former ARRIS employee, I don't fear this potential ANS divestment at all. Presumably the acquiring company would know what they were doing, and have a better balance sheet than CommScope. As John Lennon sang, "It couldn't get no worse."

CS acquired ARRIS because they lost out on Ruckus, and Eddie Eddie "liked that Ruckus dog." Carlyle put that hatchet woman on the board, and it was clear the strategy was to lay off, sell assets, and leave. See also: when Google acquired Motorola Home. Covid threw a wrench in the plan, but now they're getting back to it.

Focus on what they can control. Ha Ha...Targeting an additional 100M by Q1 2024??? Stop wasteful sending!!!! Start at the TOP not the bottom. Management has rode the backs of hard working employees who are being sacrificed. This mess wouldn't be going on if Drendel and Story were here!!!!!

Cost savings...aka yet more layoffs
Asset sales...aka sell off segments

The gift that keeps on giving.

R.i.p Arris

Was there anything in today's announcements about reducing the debt? I didn't see anything