Do we have a clue? Do they have a clue? Only then we can speculate about RIFs following volunteers, and how bad it’s going to be. Based on my experience, RIFs are coming. The real question is then how many will be hit. Also, shares can do great, but... — read more
Voluntary or Involuntary RIF
Hi friends it’s mr Dark M again with an update for y’all. I am reliably informed (by P#C) that the lucky volunteers to “self-RIF” are now being granted their enhanced packages and leaving dates. Nice for those who get it, especially for our Euro... — read more
ViaSat Is Among Top 6 Mid Cap Stocks That Shined The Brightest Last Week
Shares escalated by 30.78% as Viasat announced a new reporting segment structure.
The best things in life are free - like volunteers - Take #2
Hello friends, So the “RIF that isnt a RIF” is underway. Volunteers to lose their jobs have been solicited, and the word is that around 4% to 5% of the staff have applied to go! Mostly in USA & UK, but not exclusively so… and the question now is... — read more
Legacy Viasat?
What kind of id--tic term is 'legacy Viasat' anyway? Companies that acquire other companies don't become legacy. No wonder this happened and the company is lost. Self fulfilling prophecy.
Employee Stock Purchase Plan
I’m interested to hear who is still enrolling in the ESPP that has had abysmal performance and executives in the meantime are given stock for free and sell immediately. You’d think they would hold for market rebound, but employees are the ones with... — read more
Curious about Voluntary Resignation Incentives
Has anyone emailed P&C about this so called "incentive" about changing careers or early retirement? I am curious as to what incentives they are offering for folks volunteering to resign.
Post removed!
What happened to the post we saw earlier today regarding ‘the best things in life are free - like volunteers’. It was talking about the hiring freeze and the voluntary redundancy project at Viasat. She Gone !! Censored ??
So we are on a sinking ship?
I may not wait for any RIF, “volunteer” package or anything. Time to pack and go for a better job in a better company.
When is a RIF not a RIF?
Hello friends, this is what I hear from my couple of people-friendly L2s. Guru and team flew to Viasat International Headquarters recently (that is London, England, to you and me) to figure out how to ‘fix’ the Viasat cost base. The challenge for... — read more
Pay increases
Did anyone get pay increases this June?
Current Temperature at Viasat
What’s the current temperature at Viasat? Is the financial performance something openly discussed or is it just simmering and and elephant in the room?
Something major will probably happen soon
The stock dropped to $13.80 the other day. These are levels not seen since the dot-com bust over 20 years ago. Truly unbelievably pathetic when you look at how the overall stock market and most tech companies have seen exponential share price... — read more
Why postpone?
There are really questions Mark and Guru cannot answer? That's BS. Seems like something else is up.
Timber!
It’s still got a long way to fall.
Low $15.60
Lowest since 2003. And the company’s president sales half their shares? What is going on?
Apple was once where Viasat was
In the 1990s, things looked bleak and Apple almost went out of business. But like a runner that fell during a marathon, they got up, never gave up, caught up with and surpassed everyone. A decade from now, Viasat will be in the S&P 100 after having... — read more
Layoffs are not done
I mean…I was told that we weren’t having anymore layoffs and then a month later I was affected by the 10% RIF. In my experience, they’ve always say “no more layoffs” to keep productivity up while they strategize how to/when to implement RIFs... — read more
Check da Compass !
You all know that you can find everything you might need on Compass? Here is some News You Can Use, found on that Compass..... It may not stay up there for long tho LOL Total Headcount Impact (c. -900 reduction in FY24; c. -1,900 in total) FY24 -... — read more
New RIF a-comin’
Hi friends, well, here we go again…. CFO and Viasat Exec are planning cost and workforce reductions because revenue expectations are low plus investors and owners need to be pleased. With Starlink here and Kuiper coming Viasat folks can look... — read more
New Low
But not the last new low.
Remember the good old days...
Busy campus with cafes serving good food. Purefitness next door with plenty of classes and fitness options. Actually meeting with people in person to resolve problems and make plans. Processes that weren't so deep that you need a JN to navigate... — read more
Glassdoor 3.7 and dropping!
Keep letting the world know that Viasat is run by sh-t executives who developed a sh-t product with no future. Glassdoor was 4+ only a few months ago. You love to see it.
RIF in need to cut the cancer and save the company
We need another RIF mainly to get rid of the wfh crowd. ViaSat has been underwhelming due to the wfh people wasting their time (while getting paid) e.g. watching movies, exercising, going on trips, etc.; until a deadline is approaching. They barely... — read more
Rockets 🚀
https://www.spacelaunchschedule.com/category/vandenberg-sfb/ These starlink missions flying directly over the c-suites’ beach houses 😮💨
Layoffs 2024!
I keep hearing some grumblings about layoffs coming up again! Sure hope it dodges Ops this time…not likely. Word on street before June 360’s happen!
It's going to be an interesting next few months
After seeing a few new hires with "Compensation Partner" as their job title on top of the surge of contractors in India, I think it's safe to say the company is on its way to the California tech company graveyard. For anyone who's been paying... — read more
401k
Anyone else have VSAT in their 401k?…
54 job openings on 3/2/24
Looks like they're ramping back up. Hiring again. That didn't take long.
For layoffs, was number of sick days taken a factor?
I know hippaa rules protect you some but I believe your number of sicks taken is visible by management. Was this a potential factor in you being laid off?
Vialost
Sitting through the earnings call I wanted to scream at the computer. The market needs reasons why Viasat isn't irrelevant debris on the road of disruptive progress. Instead, the best leadership we have entagles in obscure... — read more
Stock tanked 15% today
Earnings call at 2:30 pm PT
Viasat - a historical perspective
Here's my perspective. Let me start by saying I was one of the 800 in the layoff. Mark D was originally touting about being a disruptor in the industry. We were told books to read about being a disruptor, then Elon disrupted the whole industry. After... — read more
Culture Survey
Why are we doing another culture survey only a month or so after the first? Trying to get different answers or what?
Glassdoor 3.8, down from 3.9 last month and 4+ last year
Good job on the Glassdoor reviews evetyone. Let’s keep getting the word out.
Luck in the job market after November layoffs?
How has everyone's luck in the job market been? I've been striking out..