Thread regarding Riverbed Technology Inc. layoffs

Cuts definitely seem related to costs. No accounting for the legacy knowledge holders and game changers

I'm just amazed at the number of people with 10 to 20 years of OPNET/Riverbed who are being let go. Many of the old-time OPNET folks are disproportionately affected. Riverbed bought OPNET and couldn't figure out how to sell the products, which are badly needed in the marketplace. So, then, they go running for private cover when Wall Street gets angry. Problem is the private equity people already have a cost basis in mind and you do anything you have to so that cost basis is achieved.

I predict Riverbed will drop further in Gartner's magic quadrant. Watch customers go elsewhere...

Memo to self - if acivist investors start buying up stock in a company I ever work for again, I need to go elsewhere.

by Anonymous94316
| 1511 views | | 4 replies (last April 25, 2015) | Reply
Post ID: @OP+Baw1Ht9
Comment! It's anonymous!

4 replies (most recent on top)

Riverbed was ME, ME, ME and money, money, money.

Opnet was customers and engineers.

The real criminals are not the vulture capitalists but the Ontario Teachers that put their stupid money behind this.

by Anonymous95166
| | Reply
Post ID: @1zsa+Baw1Ht9

Look at Yahoo Finance. You see public disclosures that Jerry has cashed out tens of millions of stock in the last 1-2 years. RVBD was his ATM, and he used it up. A CEO doesn't do that if he really believes in the company.

by Anonymous94564
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Post ID: @HPM+Baw1Ht9

Riverbed's executive management is incompetent. I'm glad I left when I did as I could see the writing on the wall. Hard to believe Riverbed would just piss away a billion dollars the way they have. Unfortunately I found that much of Riverbed's senior management thought they were a lot of smarter than they actually are

by Anonymous94433
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Post ID: @nbC+Baw1Ht9

Senior Riverbed management openly made light of the OPNET founders after pushing them out the door. Reality is they should have kept them and let them run the integration of the products and sales teams. If they had now in year 3 after the buyout, the products, customers and employees would have all been better off. The only ones better off now are the senior Riverbed exes who've been cashing in millions of dollars worth of stock over this time.

by Anonymous94388
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Post ID: @AuY+Baw1Ht9

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