Topics regarding layoffs at Avid Technology Inc.

Topics regarding layoffs at Avid Technology Inc.

Why STG

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 

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| 1057 views | | 3 replies (last August 18)
Post ID:  @OP+1o2DEKGE

How many employees do we still have?

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 

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| 2474 views | | 2 replies (last July 17, 2022)
Post ID:  @OP+1gouFp2k

Wake up!

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 

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| 3544 views | | 2 replies (last November 5, 2021)
Post ID:  @OP+18yjpWSR

Bloated management

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 

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| 2369 views | | no replies yet
Post ID:  @OP+18yXwx7d

Four years at Avid Technology

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 

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| 2893 views | | 5 replies (last January 12)
Post ID:  @OP+18lq1mvl

Just laid off today

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.

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| 3189 views | | 6 replies (last October 24, 2020)
Post ID:  @OP+17xppnxh

Layoffs and furloughs?

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?

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| 2360 views | | 2 replies (last April 30, 2020)
Post ID:  @OP+14sovJWT

Anybody left at Avid to step up?

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 

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| 2520 views | | 3 replies (last December 7, 2018)
Post ID:  @OP+W73yzdq

Sales down? Beat up your partners

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 

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| 2285 views | | 1 reply (June 27, 2018)
Post ID:  @OP+TKTYk9M

This place is a dump

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 

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| 2968 views | | 9 replies (last May 2, 2019)
Post ID:  @OP+TD5N11v

Q1 earnings today

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

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| 1991 views | | 2 replies (last May 15, 2018)
Post ID:  @OP+T6IpLON

Layoff was pre-NAMM this time

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 

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| 4896 views | | 9 replies (last March 12, 2018)
Post ID:  @OP+RPhwoX9

Avid Executive staff dumping stock

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 

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| 2901 views | | 4 replies (last March 17, 2018)
Post ID:  @OP+QRIVra9

Corporate Marketing? Really?

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 

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| 2795 views | | 3 replies (last December 4, 2017)
Post ID:  @OP+PZeyF5W

Best of IBC 2017

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 

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| 3297 views | | 4 replies (last January 7, 2018)
Post ID:  @OP+PmBgwtV

More Layoffs - Q3 and Q4 of 2017

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 

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| 3909 views | | 5 replies (last November 17, 2017)
Post ID:  @OP+O0yBPrc

Another $30 million of savings hidden in their loan restructuring press release, what's left to cut? Speculate below.

"The increased limit on one-time charges will provide the company with additional covenant cushion as it executes on further planned efficiencies, including greater than $30 million of cost savings in 2017, leading to a leaner and more directed cost... —  read more 

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| 3120 views | | 1 reply (April 1, 2017)
Post ID:  @OP+MpXkBKi

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