I have been hearing about layoffs in Virtustream. Yesterday, I heard people talking about Layoff in India offices. Can someone please confirm? Anything planned in other geographies?
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They can’t be doing too bad they paid Joy a couple of million on her way out to join Rory.
apparently one of the recently let go sales people filed a lawsuit for $100K+ in unpaid wages.
Deep layoffs at Dell to get out of debt. Look for another play to sell Virtustream or make it more profitable. Layoffs are definitely coming....
Interesting how Joy split to follow Rory, announces on her LinkedIn that she's the new CMO, before her new gig mentions that she's the new CMO. She was certainly eager to leave!
Fortunately, Drew has been saved! With his magic money-pants at the helm, we're certain for continued lack of leadership, reduced revenue and turnover.
Hopefully Joy gets to lead this company to the next level. She is a true technology leader
Looks like Rory has taken his exceptional leadership skills and penchant for ties to Vonage. Not that the Virtustream webpage has reflected it yet.
Rory Read is out, a casualty of his poor management decisions that lead to the recent customer "complications". Let's see how far this trickles down, but expect more heads will roll.
i just noticed that Rory is no longer listed on the Dell Tech leadership page.
No corner turned I’m afraid, recently the company was hacked exposing customers to system issues, hack tied to automation software. The customers were offered reduced fee’s to keep it quiet. VS have let so many people go something like this was bound to happen and with mission critical systems It’s not a great customer experience. One win in the US for healthcare which in the business world is quite small beer due to the number of years it spans. I guess the management can tell themselves they are on the up but customers can see the holes and want out.
If things have turned around, why has the company stopped matching 401K as a benefit now? If things have turned around, why have all the top sales people and engineers left? If things have turned around, why is everyone miserable at this place?
looks like things have turned around, the company seems to be gaining momentum again. Would be interested in other peoples thoughts?
The lying snake, known as Rory, is using C19 to finally sink the ship and cash out his golden handcuffs. Everyone will be fired. You have been warned.
@2tmae+10NJuWFJ "Expect a big announcement in February"
Well here we are, essentially two business days left in Feb. Where is this big announcement?
Dell reports earnings tomorrow. If nothing is announced by then, enjoy your nothing-burger.
@ A_happy_ex — Well let’s remember that SKO is coming up so it’s gonna be all smiles and perhaps the return of Drew’s moneypants. Honestly Healthcare is the only thing they’ve got. Anything on social media is a repeat of last years blogs written by people long gone. Total joke.
Significant number of sales and pre-sales solution architects let go in North America in the last couple of weeks. Sales people have no pipeline, and some being told don't worry about selling anything. People bailing out (resigning) as well. I'm hearing that Drew told one sales person that in 2 months they would have wished they didn't resign. Whatever that means.
“What kind of big announcement???”
Doubtful that is Azure VMware Solutions!
What kind of big announcement???
Expect a big announcement in February.
Another round hit the security team yesterday. This is just opinion or more like informed speculation, but I don't think a sale is happening. The overall headcount must be well below 800 now, and I think Rory is stuck with a lame horse.
One rumor I heard is that the Atlanta office will be vacated in May and either given back to the landlord or turned into a dark lease (a tax write-off strategy that involves keeping the lease but kicking all the people out.) Most of those employees have already been WFR'd anyways so it is a tax write-off waiting to happen.
I am curious, as an ex-employee, what kind of blarney is being dished out by Rory to the rank and file, given that the end appears to be finally here for Virtustream. Is he still sticking to his forecast of Q1 profitability? Is that bonus coming up in March going to get cut again like last year?
Anybody still sticking around past March has to be either crazy or on a retention contract with incentives to be able to bear the misery.
It appears that a sale is indeed imminent. Does anyone have more info on which teams were impacted by WFR yesterday?
Sales folks and 80% of partner team gone on 1/15...probably others as well...Company is completely imploding....what a waste
Layoffs happening today. Not good for anyone.
We all know the FOD - Friends of Drew -are taken care of. Massive line of ethics crossed here by given customers the car salesman pitch knowing the ship is sinking. This is the typical case studies you learn of what NOT to do. Glad I was there for a few mere months.
I'm hearing rumors of more layoffs for Virtustream coming in January. Has anyone heard something similar or have more info?
The problem with the "slash and burn" approach to profitability is it leaves a hollowed out organization behind. The only managers left are those that are good at navigating the internal politics, not at doing their jobs. Add in the reality that most of the good engineers who can find other jobs have long since bolted for less toxic environments, and you're left with a skeleton crew of misfits that might not even be able to "keep the lights on" let alone find work somewhere else. They're just hanging on for the severance.
It will be interesting to see if Rory is able to pull off a sale. I am guessing that word has gotten out on the street about the mess Dell made of Virtustream.
Virtustream is a dinosaur in search of a meteorite.
Rory can't even properly sell the company. What a clown show!
This thread is turning out to be a reliable source of info. I heard meetings this week and in two weeks with potential buyers. Has anyone else heard the same? Also, hearing more layoffs on the way.
Layoffs also across EMEA this month, massive fail on Rory hiring such a useless CTO in Deepak. The internal message as recently as April was ‘ We are great’ which turned to ‘Fit to fight’ and now everyone is waiting for the sell off. Shame on these management fools as they cost families badly . I’m sure a bonus will make them feel better about how badly they have driven the business. Customers know the situation and Michael Dell should be worried for the years ahead.
Engineering completely dismantled, security completely dismantled, new customers given false expectations and are being led into a trap and the only service with support is one with a 20 year old architecture. The message for prospective employees or prospective clients is the same... STAY AWAY.
Can confirm. I heard some in Atlanta and a few CDMs. In the last 4 months 5 people just in the area I sit have either left or been offered jobs by Dell directly and taken them.
I can confirm layoffs yesterday and today. I'm hearing another big round coming in the next few weeks. VS will either be bought or clients moved over to Dell Cloud. If you're a VS employee now, chances are you will not be employed come January.
Massive layoffs yesterday and today. The number I heard was over 1/2 of engineering. Entire teams being dismantled.
What an epic fail by Dell - inheriting Virtustream from Joe Tucci, then realizing way too late what s—ers they were.
Dell has no cloud strategy, or even a basic comprehension of what it takes to compete in this business.
Amazon and Microsoft must be rolling over laughing at Michael Dell.
"Fit to fight" has become "fit for the undertaker."
Virtustream is a complete tire fire right now. Layoffs ever month. Rory is desperately trying to unload the company on some unsuspecting s—er.
I’ve heard that Oct sh-t hits the fan. Atlanta will be closed. Just look at the social media — it’s either healthcare or SAP posts; nothing else is going on. Where’s the VMware on MSFT? Where’s all that energy from VKOM?
The hiring freeze is telling. People quitting in droves and their positions aren’t backfilled, leaving the remaining team members overworked with even lower lower morale and wanting leave. Either they are preparing for the coming recession or preparing for the company’s service offerings to be fully consolidated into Dell.
Either way, I wouldn’t be surprised if management is spreading these rumors themselves so more people will jump ship, accelerating this textbook example of “reducing workforce through attrition”, so they don’t have to pay severance.
Rest assured the upper leadership will land on their feet as they always do, collecting massive bonuses in the process, while the plebs are left wondering how they’re going to feed their families.
Things aren't looking promising. The executive team has all but halted hiring and backfilling of staff. The CTO took a job with Dell Cloud, if that's not a big enough writing on the proverbial wall for you, I don't know what is.
Virtustream layoffs are coming in October.
This cannot be good:
"We did record a non-cash charge of $619 million or $524 million net of tax benefits after a strategic review of our Virtustream business. We remain committed to serving our customers as we reposition the business."
Source - Dell Q2 earnings call transcript.