From what I've seen, between 25 and 50 people are getting let go every two to four weeks. Typically, this is at the beginning of the month and mid month. Has anyone else seen these stealth layoffs and will they ever stop? If anything, it seems to... — read more 

Can't stop wondering, of all possible buyers, why STG? Price is underwhelming, buyer has no track record in the media industry, is not a bigger player in tech, and most of their previous investments have been sold. Trying to see the upsides, but... — read more 

Adobe has kicked our butts all over the place. It will be a fire sale, low bids are welcome .... in fact, any bids are welcome. Revenue declining, running out of cash, etc. Sell the place so the execs can retire and the rest of us sent packing... — read more 

The number has been going down with major layoffs constantly but I can't seem to find any info that is fresher than 2018, when it was around 1,500. How low did the upper management managed to get it to since then? I'd be surprised if we were above... — read more 

2021 will be another year which includes multiple layoffs as it is the best defense against bankruptcy and a way for incompetent executives to make huge pay checks. Insider info isn't hard to get. There are a lot of weak links + blabber mouths... — read more 

Avid upper management is always so trigger-happy when it comes to layoffs, EXCEPT when management needs cutting. Everybody here knows that our management is bloated. There are many useless positions with so few direct reports that getting rid of half... — read more 

Last week was my fourth anniversary working here. Honestly, I didn't expect I'd last that long. There was one thing that was a constant from day one - and that's layoffs. And if layoffs are not happening, then there's always a threat of layoffs. And... — read more 

Expect more waves to come. Company still bigger than it can afford (and needs) to be. If your role is non-essential, if you are in an unprofitable group, or if you are not a high performer, look for something else or regret later. I hope you... — read more 

Anyone else? I actually liked working for Avid so this is a huge bummer. Have not received the email with my separation package yet... not sure what to expect from HR, etc.

Lets jump up and down about our great results for Q2 2020. Oh brother. Revenue in 2020 will be less than revenue in 1995 (which was $406 million). You can look it up. Lower revenue 25 years later? Wow! Now that is certainly growth! We are at... — read more 

A spiraling disaster. No innovation or game changing new products. Continued decline in revenue. Awful customer support. Products full of reliability issues and bugs. We used to design our own k–ler products. Now we buy poor quality 3rd party... — read more 

How many were quietly exited this time, under the excuse of the pandemic? Cancellation of a couple of big deals to blame? Talk of 18 month furlough programs being initiated from Avid HQ?

They try to do it quietly and off the radar. That doesn’t work. Once again long term employees targeted to benefit the executive team and their self centered desire to cash in on big pay checks and stock options. You should be ashamed of... — read more 

I am so tired of hearing that the long-time employees are a group of over-paid, non-contributors who add no value. To all you new generation AVID employees what have you done to turn the company around?? Absolutely nothing! The long-term employees... — read more 

Our shares price dropped 36% yesterday. We made $3m profit - but that's before the $13m in interest payments every quarter... So it was a loss of $10m That loan will be the death of Avid The investors saw through Jeff's spin It can't go on... — read more 

just looking for [quote] any new news ? [/quote] from avid

Layoffs continue. We should change our name to AVID Layoff Technology (since that is the primary business we are in). Watched more great co-workers, people and friends lose their jobs. No value is placed on dedicated and productive employees. It end... — read more 

I guess one would have to ask, is there anyone who still works at Avid that would actually care to step up with any ideas, new products, innovative ideas to enhance current product suite, and the actual skill to do it? If so, now would probably be... — read more 

In April 2017 the executive staff proclaimed the AVID Transformation was complete. As a result profits would come pouring in and the stock would soar (double, triple or quadruple). Even if that happens it will still be a long, long way from the $65... — read more 

On a rare upbeat note it is nice to once again see women in executive positions and being promoted. This is a welcome change since the days of the prior neanderthal CEO who viewed women as simply servants. Some of the folks on the executive staff are... — read more 

Word is that Avid is putting big time pressure on their worldwide dealers to book equipment orders by the end of the quarter for deals that aren't closed, leaving them holding the can if the deal falls through after quarter end. This may look good... — read more 

This place is a dump circling the toilet. It is a place of perpetual RE- organizations and layoffs. Never heard of an organization laying off so many productive and loyal employees. All to try and fill the pockets of a small group of executives with... — read more 

Imagine it was either magic, a miracle or bullying GlassDoor. It would seem ethical to also pull down the bogus planted 4 and 5 star reviews. It hasn’t taken the naive new people long to figure out the state of the organization. A lack of direction... — read more 

Place your bets... Without the Harmonic patent settlement this time, how will Avid fill the void this quarter? If the going is good: NAB was a big boost for Avid If the going is bad: NAB stalled deals in to Q2

Transformation Complete. Didn't work out too well. Loss for 2017 of $13,550,000.00 Loss per common share 0.33 These kind of results won't keep people employed. Blame it on Louis Hernandez who is now the "Fall-Guy" for the Board-of-Directors. 100's of... — read more 

Its still a mystery here (remote office in the middle east...)

http://stockelite.com/news/13022-Avid-Technology-Announces-Appointment-of-Jeff-Rosica-as-Chief-Executive-Officer-and-Termination-of-Louis-Hernandez--Jr.

At least 4 people from my team were impacted. NAMM was positive from what I heard. Pro Tools is only 10 years behind other DAWs now. Few more people are on their way out voluntarily or interviewing. Sad.. I am giving it some more time to see what the... — read more 

For the last few years, Avid has rolled out a round of layoffs immediately after NAMM. Has anyone heard anything yet on this front? Clench le cheeks on Monday?

Interesting article with lots of facts: https://seekingalpha.com/article/4127815-avid-technology-expecting-share-price-revert-back-deteriorating-fundamentals

So the brilliant "transformation" (which is nothing but B.S. and nonsense) Is complete per loser High maintenance King Luis. Who by the way is putting on a lot of pounds eating at all those nice meals while he travels the world on Avids dime... — read more 

The lack of respected, talented leadership is decimating what's left of the Marketing organization charged with developing future, forward-thinking strategic plans that will enable our sales pipeline to help grow the business and generate revenue... — read more 

Things we absolutely adored - the tablet cover raffle; the gorgeous booth babes; the legacy purple booth lighting that makes even garbage appear luminous; Louis' purple honker pocket rag; the booth babes (again); the staff social media hype (let us... — read more 

Too many self-serving priorities - shocker! http://www.enterworks.com/engage/agenda/ http://www.prweb.com/releases/2017/09/prweb14654722.htm

There are rumors swirling about a significant RIF on the horizon In quarter 4. Hoping it is just group paranoia that stems from historical actions coming out of the ROI-less fortune spent at IBC including the T&E monies wasted on the small army of... — read more 

Efficiency plan simply means laying off people. What company ever prospered when its only action plan to make the company look profitable is to continually lay off dedicated and knowledgeable workers. Lay off workers out of desperation. Of course if... — read more 

More layoffs ....... 2017 x 2 and the year isn't even over yet. For the 2nd time in 2017, Goodbye to many, many excellent, hard working, dedicated employees. Again employees with 15, 20+ years targeted and now history. But the executives live large... — read more 

Does anyone know what is the story here?

The beast of burden, Louis Hernandez Jr, is going to be "resigning" his operational seat as Chairman and CEO in June. But the beast will remain on the Board. Okay - what is left in his wake is the recently appointed, bumbling Buffoon of a President... — read more