Topics regarding layoffs at Synamedia

Topics regarding layoffs at Synamedia

Where is everyone???!!

Never seen it this quiet, the business be doing really well???? Hopefully an acquisition is on the horizon???

I heard it happened again

Been reflecting on how my life has improved over the past 4 years since I quit the Cisco/ShitNaMedia pile of garbage, when a friend reached out to say how disappointing it was to survive another round of layoffs today. I felt the same way in 2020 as... — read more 

Ex Synamedia Employee who remains vested

I am one of those ex employees that invested in Synamedia post Cisco exit. As an ex employee I get no visibility to how the Company is performing. So for any others out there in a similar situation, let me know what you are hearing and whether we... — read more 

Silent Reduction In Force “RIF”

I am aware of a “volunteer” RIF but this didn’t go out to all employees. I am sure, they would be overwhelmed with “volunteers” Engineering RIF’d a whole North America team At what point does Sr. Exec Management get RIF’d? — read more 

FY24 bonus

Company bonus pool = 94% funded + BU funding: BT and VN = 95% Shared = 94% MCS = 88% + Manager rating (0%-150%+) Thoughts?

Here we again…

To quote Whitesnake. Only difference is we are run by an actual snake . People will once again be disappearing

Abandon ship!

And that's speaking as someone who had positive views on the company!

R.I.P. Synamedia

This company has become a mangled sad mess of a thing with a cynical leadership direction. Let's call a spade a spade : The ELT are just clipping the ticket on its way to bankruptcy. In the power vacuum that exists because of this, Syna is now... — read more 

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| 1974 views | | 5 replies (last April 15, 2024)
Post ID: @OP+1rXgl27c

Q3 2024 redundancies?

Is there another wave of redundancies going on? It's very hush hush but I could name at least 10 colleagues who've "exited the business" in the last few weeks.

FY23 Accounts

FY23 results are in: https://find-and-update.company-information.service.gov.uk/company/11305402/filing-history It's early morning but here are a few points I pulled out after having a quick read through. Refinance $350m 5 year (SOFR... — read more 

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| 1161 views | | no replies yet
Post ID: @OP+1r2VM8GE

SynaMeet Q2 FY2024

I slept through most of this quarterly circus clown show but it seems like PS nor anyone from the ETL explained the terms of the refinance. So much for transparency or was it more of "This is above your pay grade, peons. Stop asking and go back to... — read more 

Get ready for feb

It’s time to work hard, under immense pressure. Help your mgmt by extra hours n avoid major cuts in feb.

What do we know about more layoffs?

I always get worried when there are no news or rumors flying around. It always seems like the calm before the storm kind of thing. Not that I'm complaining, but some people were blindsided by layoffs last month and I don't want to be in that position... — read more 

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| 1687 views | | 4 replies (last February 2, 2024)
Post ID: @OP+1qpZLF27

Corporate maneuverings underway

Synamedia Holdings Limited is now owned by a newly created Triton Newco 2 Limited and not Triton Uk Midco Limited. https://find-and-update.company-information.service.gov.uk/company/11305472/filing-history Newly created Triton Newco 2 Limited is... — read more 

InfoSec Awareness Training

Fearless Leader P.S. "InfoSec Awareness Training is critical both for protecting the company AND for gaining favorable pricing on our company insurance, which is what is driving our 30 November deadline. 318 of you have not yet taken this... — read more 

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| 1337 views | | 7 replies (last November 30, 2023)
Post ID: @OP+1pO29Rb2

Rumors of more cuts

Is there any truth to rumors of more cuts this month or in December?

Not that Moody's rating is important or anything...

Moody's downgrades Synamedia's CFR to Caa1, outlook is negative London, October 24, 2023 -- Moody's Investors Service (Moody's) has today downgraded Triton UK Midco Limited's (Synamedia or the company) corporate family rating (CFR) to Caa1 from B3... — read more 

Cover our as*

"Please note that commitments provided in this statement are subject to change based on market conditions, organisation policies and business needs. Any modifications will be communicated in advance." = "Don't believe anything we say."

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| 1453 views | | 6 replies (last November 5, 2023)
Post ID: @OP+1pldhDGx

Donate a day for Israel?

'Donate A Day' is a worldwide ELT driven fundraising campaign at Synamedia in which all employees can donate the amount of money equivalent to one payday to charity, by taking a day less off. First of all, the company relies on their employees to... — read more 

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| 1713 views | | 4 replies (last October 22, 2023)
Post ID: @OP+1p9VipuM

What happened to 2023 SynaPulse?

Hey ELT cowards, where is that once so important SynaPulse survey that you were so proud of? You know, transparency and all. F'ing clowns.

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| 1234 views | | 2 replies (last October 28, 2023)
Post ID: @OP+1p8bGji5

PS Are you there?

Be a gent and resign. Time to go home to Mummy and let the big boys take over.

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| 1588 views | | 5 replies (last October 11, 2023)
Post ID: @OP+1oXf7skR

October Q&A Bull$h1t

Why didn't we try to refinance 2-3 years ago when interest rates were lower? "Predicting interest rates is extremely complex and influenced by various economic factors. It’s challenging to foresee changes with certainty, even with the support of... — read more 

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| 1316 views | | 4 replies (last November 2, 2023)
Post ID: @OP+1oWuhmhx

FY23 results

FY22 performance wasn't the best: FY22 revenue was down $98.4mn (18%): FY22 $471mn vs FY21 $569.4mn FY22 EBITDA was down $49mn (35%): FY22 $89.2mn vs FY21 $138.2mn Cash at end of June 22 was down 89%(!) to only $6.3mn(!!): FY22 $6.3mn vs... — read more 

Is this really the way to run a tech company?

Engineers working on 7 year old laptops with no sign of any refresh. A mostly empty office in Staines because we can't get rid of the lease. An empty office in Chandlers Ford for the next couple of years because we can't get rid of the lease. Still... — read more 

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| 1749 views | | 10 replies (last November 2, 2023)
Post ID: @OP+1oWLqBb7

News

Bonus news next week during Sukkot. Well done HR.

2 successful quarters in a row....

And a huge new deal with Charter but the promised bonuses from NOV 22 are not paid. According to executives - let's see another 2 quarters like this and then we'll talk. Is 'greedy' an accurate word for this?

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| 1078 views | | 3 replies (last September 22, 2023)
Post ID: @OP+1oIzeQ6K

Looking for a quick sale

Synamedia is currently being hawked round . The problem is there’s not much to sale.

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| 857 views | | 1 reply (September 21, 2023)
Post ID: @OP+1oHtn5cI

Jerusalem: another cycle

Is there a new cycle in Jerusalem? How many? Which product they are closing now?

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| 1765 views | | 6 replies (last September 9, 2023)
Post ID: @OP+1oqGkxUA

Well Being Carnival…..

Stop wasting money on this cr-p and pay the bonus. This will improve my financial welfare you twats

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| 1606 views | | 5 replies (last August 21, 2023)
Post ID: @OP+1o9qWXMd

People keep disappearing

Every day someone else seems to disappear from the business. It doesn't feel like anyone is safe. People fearing for their jobs (and still annoyed about the FY22 bonus shambles). Thanks to HR for organising sometime to lead doodling sessions... — read more 

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| 2101 views | | 8 replies (last September 1, 2023)
Post ID: @OP+1nXZ0msa

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