2% or app. 100 people have been affected by layoffs

At least according to media report:

“F5 continued its practice of trimming its workforce after the completion of its fiscal year, confirming Tuesday that it has made job cuts impacting roles across several teams inside the company.

The workforce reduction amounts to less than 2% of the company’s global workforce, a spokesperson for the Seattle-based application security and delivery company told GeekWire via email. F5 employs about 6,500 people, according to previous SEC filings, which means that the cuts impacted more than 100 positions.”

https://www.geekwire.com/2024/f5-confirms-new-round-of-job-cuts-continuing-annual-pattern-of-workforce-reductions/

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Time to toss out more trash.

When the job market recovers... there will be a reckoning.

“ forget about a face to face exchange with a manager”

Does it mean people were laid off via email, without talking to managers?

“ Makes me wonder what's important these days”

$$$$$ + AI BS + more $$$$$

Humans first! It’s the first place we cut! Don’t bother trying to reduce operating expenses. Or the legions of useless consultants that we hire. He-l, we could have even cancelled the extravagant holiday party planned at MoPop if it meant keeping the critical staff they so blithely terminated today.
Utterly disappointing.

spineless executives. send an email. forget about a face to face exchange with a manager. Lack of any class.

A lot of people who believed and practiced quality were let go. Makes me wonder what's important these days

So I see that buy back is more important than employees?

Right after an earnings call that trumpeted above forecast earnings and a rosy FY25 and adding 1 billion dollars to the buyback program.

Cool. Cool cool cool.

Could have not happened at all

Profit FLD has once again demonstrated that zF5 is a human first company. It's regrettable that he doesn't believe in the individual

Coulda been worse

Thread regarding F5 Networks Inc. layoffs

2% or app. 100 people have been affected by layoffs

12 replies (most recent on top)

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