Thread regarding Qlik Technologies Inc. layoffs

Thoma Bravo is Brutal

Check them out on this site, search for it - Riverbed, Deltek, SolarWinds forums will pop up.

The term Blood-s---ing keeps popping up

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Yup - 2 weeks after buying Barracuda Networks, across the board layoffs started today. Nice way to start the day.

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Good thread

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As a welcome gift on the first day that Thoma Bravo's acquisition of Kofax was complete I received my separation package per an immediate 10% workforce reduction. Meanwhile the CEO and his executive minions are leasing nicer and nicer cars on a regular basis.

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Yes, Thoma Bravo is Brutal. They recently acquired Continuum Managed Solutions and fired 150 people within a week in a mere 2 hours without specifying any reasons. downloadbesttorrentblog.ru was not related to performance, from top to bottom all level of employees were fired due to operational cost.

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So sad. Could have been great, now they are in the trash bin.

Those at the top are going to be fine though so don't worry.

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4 weeks severance and 2 weeks for each year of service

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Anybody know what type of severance package people got?

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And who didn't see this coming? Last few months have seen a lot of people bailing out. Wonder what departments will be hit the hardest?

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maybe the trick is to thin it out as much as possible and try to make it into a merger?????

qlik layoff is is consistent with other companies where Thoma Bravo cut well into the double-digits on labor force right from the start

all the execs cashed out anyways per the SEC filings executed right before the final sale

example from Riverbed:

They have cut over 30% of their workforce to improve profits. downloadbesttorrentblog.rus were based on how much you cost the company, not on performance. Then they give a measly severance that won't sustain anyone for more than two months. If I was a prospective client I would not deal with a company that has no regard for it's employees. I would be gun-shy and wander how they would deal and treat me. I made a big mistake in going to Riverbed, I hope no one else does.

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Yep, 250 people laid off so far with another 200 on the horizon.

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Good luck to all of us we will need it - it's funny to see how people change behaviours now that things are going down, there is a lot of a** kissing

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