Some cuts planned in sales and/or sales engineering and some departures have happened in sales too. I think the company's bet on SD-WAN didn't pan out, and shifting from capex revenue to opex/SaaS revenue incoming is causing short term issues with the balance sheet. Expenses are being watched more closely now
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Yes I got laid off today.
From what I can tell about 7.5% of the sales force got RIFd. 75% of those let go in sales were technical sales engineers.
I am not sure about the RIF percentage in other areas of the company.
Decent severance package. Looks like 1 month severence for each 2 years of employment.
I knew something had to happen soon because of 5 years of stagnant sales/EBITDA in a strong market. Company completely screwed up the technology shift to SD-WAN and came to market too late with a sub-standard product.
Overall I am happy to be free of this company and to find the next big thing.