Is the bonus enough to make up for no merit increases or does it just add insult to injury?
Any idea how this volterra will augment f5? Half a billion is a lot of money! 30% of my team has left in the last one year because of low TC. Management should look at taking care of existing employees before spending big bucks on dreamy... — read more
I've been here for less than a year and people constantly talk about layoffs but I'm yet to experience anything substantial. Did I just get lucky? Is F5 known for having layoffs often and I've just missed it somehow. I admit, despite what people are... — read more
Under pressure from investor, F5 Networks walks a tightrope after spending $1.6B on acquisitions In April, amid the initial uncertainty of the pandemic, Locoh-Donou committed to not make any layoffs during the 2020 fiscal year, joining other... — read more
It’s never good when Elliott Management is involved. History has shown that when they are involved, restructuring ALWAYS occurs followed with sizable layoffs. I hope I am wrong, but history doesn’t... — read more
Anyone know what the severance package is for US employees?
Anyone heard about upcoming layoffs ? While I havent heard of any details but I suspect strongly that there will be some in Oct or early November. If you have any information please post here
PEOPLE ARE NOT WORKING ON NEW PRODUCTS AND SATISFYING THE CUSTOMERS THEY ARE WORKING ON LOOKING FOR NEW JOBS. THE CONSTANT QUARTERLY EMPLOYEE SURVEYS ARE VIEWED AS BROW BEATING. FOLKS ARE GIVING GOOD MARKS IN HOPES THE SURVEYS END. THE HR EXEC IS... — read more
Israeli useless hr is preparing the layoffs list for cortex people
Or ongoing? Anybody knows what's going on?
rinse, and repeat. Executives are getting rich while people are getting laid off. Now, tell me why morale is at an all-time low again?
I think the new CEO and his GMs are rethinking the layoffs now. Ever since he came in and started making changes he really messed up culture. I heard he’s too scared to do anymore layoffs because all the good people have left and issues from... — read more
Long-time Nginx employee, looking to get the heck out of here soon. From all the meetings, it looks like we joined a sinking ship, and viewed as the savior to keep F5 relevant for the next few years. Disastrous company...
Sales was effected - that's all I know.
FFIV has let go of a number of people this week. Looks like a stealth layoff. Not surprising. They are a hardware networking company in a world going rapidly to the cloud. They've failed to build much of a security business and in their core market -... — read more
The company does not want the reputation of doing regular layoffs. The new tactic is to make life unpleasant enough, for as many people as possible, to get as many to quit as possible. Now it's a layoff without being a layoff. Now only the people... — read more
Why are there so many useless managers at F5 Networks? They know so little about their jobs that when a decision needs to me made, there is nobody who can actually make it. This is one of the reasons why the company has no clear direction or... — read more
With expensive acquisition and additional investment required for it - expect large lay-off in the next quarter. Anyone have more info on it ?
Seems like new round of layoffs may be coming soon.
Cross my fingers
Entire Lowell office is canned. Ryan was there to personally do the deed.
This is just unbelievable. They fired 6 programmers from traffix tel aviv PD, leaving 10 people, 6 of whom are lazy managers. Good improvement! Bravo!!!
Today HR manager came to weekly meeting and forced us to work at night for free. This is unbelievable. With total management support. It's even worse than layoffs.
Read this article, and I have to recommend it as a really good read. I always said that if our services lacked anything, that’s simplicity, and if JF was brought in primarily to tackle this problem, then the management scored a good point for... — read more
Is F5 India and Guadalajara being grown for shifting resources to low-cost countries, meaning more layoffs in Americas? It looks like IT and PD teams are moving to India and Guadalajara.
Third round in under 12 months. Most of these people don't fit in with the plan though. Traditional network model is dead and cloud fail fast is the future. Axing some dead wood will allow F5 to get into the developer lease model where you have... — read more
I've been hearing that because of good quarterly results, there will be no layoffs at least for the duration of this quarter. I'd like to believe this is true, but it sounds suspiciously like wishful thinking to me. If layoffs were already scheduled... — read more
I'm just wondering, because from where I'm standing whoever made the choice only used a list to pick from instead of making sure to include merit in decision making. We lost some of our best people! Where's the logic in that? Why wouldn't you take... — read more
Instead of hiring developers, qa people were told to write code. Bravo! Want to have a car instead of a bike? Just write "toyota" on it and hurry up to success!
Are we done with the layoffs for Q3? Will there be more in Q4? Not sure if the layoff was to remove deadwood as I see many good people and entire business units being removed.
Leaked plans for large amount of layoffs coming next year. CEO changing the focus of the company into different technology because the cloud and automation are the future, so there is no point in staying in our current tech stack. Those customers... — read more
Layoffs are good for health of a company but like as with anything else, it is grossly misused and taken advantage of by targeting selectively as being biased. India and Guadalajara growth is good cost cutting measure, the more the merrier. Welcome... — read more
I personally know three folks that got cut here. I am fairly new here, under 12 months. Godspeed.
Axing some dead wood will allow F5 to get into the developer lease model where you have temporary employees churn product out nonstop. Enjoy the ride!