I'm guessing more layoffs at Splunk are a foregone conclusion by now, everybody should know this. I'm more worried about how bad it'll get - how many people will be affected.
If anybody has any concrete info, any details on what's coming, please be kind and share it with us.
Sales people get more money up front in perpetual licensing sales then subscription pay as you go services. The incentives are not there.
Many friends in Splunk sales are saying out loud that this year the sale of Cloud has been DEcelerated to 80% quota and commission recognition. Heard this from 10+ sales peeps which is troubling that they are even discouraging their sales reps from selling more Cloud
5 days ago by SplunkSalesIsAPonziScheme
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Post ID: @YGYU4kM-Hcou
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Splunk treats their fulltime employees as contractors and terminates them even if they are very productive because the culture is so volatile with incompetent management and HR. You have to watch out in any event as terminations are on the sly and ongoing.
It can be everywhere but majority of staff are in San Francisco and San Jose and remote workers that spend most of their time supporting their cloud service.
Is this going to impact splunk Seattle teams?
The San Jose office in Santana Row has 300,000 square feet the San Francisco office at 270 Brannan has 200,000 square feet. Are they really going to hire all those people in San Jose and pay all those salaries and benefits for new hires? The company is in a major slow down mode and don't need to be tied down financially to pay for expensive real estate and salaries.
Splunk is a third tier tech company with Google, AWS, and Microsoft as tier 1, so you can realize the order of magnitude of their insignificance.
A stock value of $20 billion is not huge, given their primary product is syslog they don't have other products to fall back on. Their revenues are about $2 billion a year so if you multiplied that by 5 their real stock market value should be about $10 billion and not 10 times or more of their revenue.
They have to be bought out by a tech dinosaur such as Cisco who is a second tier tech company, in order to survive. You have to join a gang to survive that is the reality of living on Wall Street.
They will have to cut costs by laying off employees to make themselves attractive to buyers for their financials. Once bought the buyer will cut additional headcount such as for shared corporate services like accounting, HR, sales, and marketing etc.
Just enjoy it!!!
More like 200 plus cloud related to be fired.
Cloud ops will be shut down because it's a disaster there are around over 100 people supporting it including cloud ops SRE, security, cloud application support, and compliance staff because with no more cloud no need to do PCI. HIPAA, FEDRAMP, SOC2, AND ISO. So I would say about over 150 people would lose their jobs alone.
Then it will be the sales people and core engineers and affect the other area such a HR, marketing, and sales.