What happened yesterday? Which departments were hit? Is it done or can we expect more today?
Topics regarding layoffs at Dun & Bradstreet (D&B)
You heard it here first. The hammer is falling in CV. My boss in finance just got hit this morning, my team as a meeting at 11am. Good luck everyone.
https://investorplace.com/2020/07/dun-bradstreet-how-private-equity-created-billions-out-of-thin-air/ Interesting quotes: "So, private equity actually paid a fairly steep price, paying more than 3x sales for a stagnant to slowly shrinking... — read more
Heard there was a lay off today. Does anybody know how many?
Although their bonuses will probably still be good. Plus they all great raises during merit increase time, so I guess it just levels them back temporarily.
Anyone hear of anymore layoffs this week
That is all.
My manger was a on a call today with the discussion of the closure of CV. Word on the street business is slow with state of the world and will not pick up to 2qt 2021. Hold on to your hats.
With people working from home and prob not a ton of work. You know they will be laying off soon if not as soon as this is over.
So almost every company is working from home to try to stop the virus yet we all are still coming into the office. Who is running the shiz show here.
I heard from a SH contact that Malibu is next on the chopping block as a location. Something about the Austin office taking over as well as offshoring/outsourcing most of the work? That location’s expenses are making a big hole in the DNB... — read more
Bonuses and merit increases out of the same bucket?!?! How’s that supposed to work? The girl that’s due a promotion has to fight it out with team that’s due a raise for the past two years?!?! Absolutely ridiculous! I guess that’s why they are... — read more
Dun & Bradstreet files to go public again.
I think management is realizing how bad the data really is and will continue grasping at straws to fix it with these acquisitions.
So this company clearly went through significant changes- whereas the sales teams were told it would not impact them too much. (That was hard to believe at the time anyway).. Well after laying off tons of behind the scenes people in finance, etc... — read more
Wishing the best to all current and past employees. May the new year bring you health happiness and good fortune
Why does this management believe that laying off its best and most knowledgable employees will solve many problems created by years of their own lousy decisions? Has this ever actually worked? Shouldn't the simple fact that there have been no... — read more
It has been almost 2 years since I was let go from the firm. My financial advisor recommended to transfer the 401K as soon as the money becomes fully vested. He has a concern that if the company goes bankrupt or gets bankrupted by the investors I... — read more
Heard some more good people laid off today... they can probably do away with the parking lot at this point.... who’s left?
Happy Thanksgiving. Hopefully everyone will be okay for the rest of the year.
Dun & Bradstreet generated GAAP net loss of $54.9M vs. net earnings of $57.4M a year ago; Q3 adjusted EBITDA of $194M rose 53% Y/Y; and GAAP revenue of $408.2M fell 1.5% Y/Y; current quarter revenue includes a reduction of revenue recognized due to... — read more
Just got word from a friend in the Tuscon office. They're shutting down this location at the end of the year and 200 people will be out of a job. Yikes.
I left a few months ago on my own accord and have only looked back to see how my friends are faring...OMG, the world outside D&B is so much richer and rewarding with so much less stress! I would suggest that if you have doubts, explore new... — read more
Sales, CST, CFAs, HR, talent acquisition. CST going to Manila, vendors such as alcora. "No longer needs a West coast footprint, focusing on East coast business" but now we can talk "bonuses". Really feeling like growing the franchise was just a means... — read more
Any increases in premiums or drops in the level of insurance coverage?
What were the main departments/jobs being made redundant ?
I really don’t understand why people stay. Wouldn’t you rather work in a positive environment. One without fear based leadership. Job market is hot. D+b does not pay well and benefits are average at best. Stop griping and do something for... — read more
I have a few friends that work for DnB in the CV office. They think they are safe. Finance departments. I’m thinking rose colored glasses. When is the lease up on the location.
I had a long career at D&B for over 30 years. Outlasted many company presidents/CEOs. Sara Matthews started the decline. She started the outsourcing to India. Go figure. Her MaxCV project costs millions and was sc-aped. Now company is private. SD is... — read more
Did they say anything at the town hall (or has anyone heard anything) about things like health benefits, vacation, etc being cut?
Or are they just a reward for doing whatever he says? Just wondering after today’s town hall performance ... ⚾️
The guy posted a nice thing about a former CEO! Even Glassdoor doesn’t have a problem with posts with regards to those in prominent positions. And it was a former CEO....and it was nice!! What is wrong with the moderators here?
Whether it’s security updates, cost-cutting, laying off loyal and hard-working employees, slashing benefits, disallowing the use of Macs, or any of the other nonsense happening here, it is incredibly hard to get your work done on a daily basis now. I... — read more
Has anybody heard what departments will be outsourced or the timeline? That’s a pretty big announcement to make without providing info to employees.
Expect more. Not generating enough sales. Content could be hit more.