If given the opportunity, I'll be the first to accept a voluntary buyout. Some of my teammates feel the same way. Wouldn't it be better to offer that first before layoffs?
Most likely 150 people
When I call on customers they ask about product features, enhancements, future plans, what services are available, etc. No one, and I mean no one, has ever asked about F5's gender breakout, the company ratio on race, EIGs, or if F5 participated in... — read more
Do you think there will be more layoffs? Signs there will be = no merit increase, high profile names are leaving, RTO policy (possibly an attempt to weed out people for the next round) ... anything else? Signs there won't be = F5 is opening more... — read more
no merit increase this year (announced via email)... seems they are following other companies (Microsoft) lead with this. sad to see F5 go downhill like this.
That day 3 months ago when each of us found out that we are selected to be RIFd, I was at home working. I learned over the following weeks that I needed and sought out my wife's help and council on navigating the whole event as I could not do it... — read more
has anyone used food banks? advise would be appreciated before getting to that point....
Forget marketing. Management laid off the most experienced technical staff and technical support. Managers handed their tasks to newly hired people. As a result, engineers are swamped with technical support issues instead of working on new products... — read more
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It's been three months since the announcement of which of the 620+ employees of F5 would be RIFd. I was among them. Beginning with shock, I have come to realize and be grateful that I am now out of an unhealthy environment. Despite F5's Diversity... — read more
Why are FLD's Leadership skills at F5 known as 'mythical'? Give up? Because just like the Lock Ness monster & Aliens...everyone has heard of them but no one has seen them.. LMAO... We cannot believe this Exec told us this joke... but we were all... — read more
How do we feel about Marketing doing their job??
smaller layoff of 100-175 people - remote folk??? Compensation changes: RSU grants and merit increases rare MBO annual Connectivity stipend reduced Maybe health insurance changes?
More layoffs acoming......
Answer: Human.... That is why FLD says we are a 'Human First' company... LOL...
Will be announced in October. RSUs will now be annual vesting and MBOs will also be annual. Why does this matter...you'll still get the same dollars just once a year...right... Unless of course FLD downsizes again say in June. Then you'll get... — read more
Management requires all employees, including engineers, to return to the office. An unmissable 100km a day commute has to "clear your mind and allow you to disconnect", according to EMEA "leaders." The amount of cr-p we heard from HR today is hard to... — read more
Opening a new office right after having historically layoffs for the company is tone deaf of leadership. They already mentioned to the market it was lapse in judgement to over hire. Is it a lapse in judgement to open a new office? What about forcing... — read more
F5 has been one of the fairest to its employees and does their best to take care of the employees, however,"Human First" is an untruth made up be HR departments all over the world. No business is "Human First", because they can't be. Businesses will... — read more
F5 has lost its identity, growing through acquisition with blinkers on. "if we buy a software company, therefore we are a software company". Is F5 a HW or SFT company, thats what a lot of its customers are confused about and if F5 doesnt have a... — read more
Is there ever going to come a moment when we'll know we're safe, if nothing else then for the next six months or so? It is tiring to have to worry about layoffs non-stop. Even a day after one round, people always start speculating on when we'll hear... — read more
RIF is not in CEO control. Businesses are impacted by current economy, CEO has to make adjustment according to current and near term future economy environment. None of us want our team mates to lose his/her job but payroll is the biggest costs. Do... — read more
Sometimes it's hard to believe what senseless acquisitions they've made here. Just out of curiosity, which one do you think is the worst?
It's going to happen again. Tech giants all across the industry are being impacted. This may not happen at F5 in the next 1-2 quarters, but the new fiscal year starts on October 1st. Only time will tell. Also, with a major re-org of groups... — read more
Lots of threads on the topic of F5 layoffs that has put 620 talented individuals now searching for opportunities. For those impacted, I wish you all the best in your search. First, I can tell you that F5 treats its employees with full respect and... — read more
Anyone know what the severance package is for UK employees?
Well, I was one of them. The company is a shadow of its former self and cannot admit to the error of purchasing NGINX, which over inflated their business before purchase. Pretty good redundancy pay outside of the US, but heard the cull has been... — read more
How the heck did they decide who had to go? They let some of the most incredible, smart, talented, beloved people go, yet others who aren't as great are left. Does anyone have any insight into this?
9% gone this Q. More to follow...
April 19 (Reuters) - Cloud and security services firm F5 Inc said on Wednesday it was reducing its workforce by 9% and cutting bonuses of senior executives to bring down... — read more
Anyone find out they are affected yet?
F5 rarely ever does layoffs except for the beginning of new fiscal years with re-orgs. essentially, just make sure you are aligning to business goals and a high performer.
Layoffs end of April? I see the company meeting is beginning of May which seems late……………..
Heard revenue was down?
appears management has decided to do a round of layoffs
Employees don't leave companies, employees mostly leave bad bosses. Almost all of my colleagues who left and whom any good company would try to retain, left precisely because of the manager. Why do all the good managers leave here quickly, while... — read more