Thread regarding Wind River Systems Inc. layoffs

Nothing will change

TPG is in the business of cutting costs on stable businesses, not figuring out how to revamp and revitalize. TPG has no expertise in IoT/embedded, they have expertise in finance, management, and accounting. So they'll keep the old WR management, keep the same revenue streams, pay down the debt they took on to acquire the company, cut costs at the lower levels, and spin it out to another buyer in 5 years. They're not in it for the long term so they will just keep the people at the top that keep the lights on rather than trying to fully revamp the company.

On point post from @11yrIJtF-5ilr.

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Post ID: @OP+11GKYrD8

13 replies (most recent on top)

Q3 numbers werent even close. Bonus hahahahaha.

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Post ID: @hnhf+11GKYrD8

Agreed, but many of us had hoped that TPG would bring in a new executive team that actually cared and had experience. Attrition has been extremely high over the past few years because of this. Would love continue working here, but with a team that gave us a chance instead of a team that only cares about lining/fleecing the company coffers! Still have hope in TPG doing the right thing. Often that about going through the whistle blower process and bring this to light. Across the executive team you can think of maybe one or two that actually cares, but most don’t. Perfect example is the executive in Japan on his retirement tour costing us a fortune and enjoying his time with his in-laws on our dime! Perfect example of pilfering of the company he is not even hiding this!

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Post ID: @hfeo+11GKYrD8

Of course not any potential bonus is being squandered on two in the box c-suite. Two exec’s in sales one from TPG and the same in marketing. Not to mention two exec’s focused on strategy/Corp development and still no growth. All because Jim is scared to let his friendship in the way of making sound business decisions. One thing that I am certain is how delighted intel must be to divest from our mess! Hoping for a decent bonus and I am out! Various folks in sales are also waiting for the year to leave!

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Post ID: @gtpk+11GKYrD8

Anyone know what are bonus will be for the year, hoping at least 50%.

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Post ID: @eefz+11GKYrD8

Nothing will change! Exactly and this is why TPG should start with making a change in management. I thought the new strategy executive would take a larger position in the company and replace GN, but this hasn’t happened yet. All I know is that strategy is a sensitive subject amongst the executive group! Almost like you can’t question it? Is it just me?

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Post ID: @1okx+11GKYrD8

Agreed on the propaganda probably led by our world class HR team. I am fairly new here and can’t comment on the past, but this current executive team is absolutely atrocious. I have been in several key meetings with management on strategic issues which need to be addressed and the focus always morphs into some side issue. It’s almost like the are paralyzed in making tough decisions. Maybe they have already been notified that a change will come and that’s why they are reluctant on making these easy calls, but it’s really uncomfortable being in these meetings. I have been told that Jim, Gareth and Doug are close to retirement and probably just milking this opportunity which is fine, but what about us that are still here trying to make a difference. We should voice our frustrations to TPG.

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Post ID: @1kwi+11GKYrD8

I see a change. Someone convinced a bunch of useful id–ts to post positive reviews on Glassdoor over the last couple months. Looks like an initiative by either marketing or HR to boost our Glassdoor standing. Happened before when we were trying to become one of 'the Bay Areas most desired places to work'. Most people in the company look at that and laugh. Those reviews are flat out incorrect.

TPG isn't stupid but their strategy of giving big incentives to the current Executives to grow the company isn't working. Do our Executives really understand what our products mean to our customers? Do they understand how our customers use our products? The value of our products to our customers and how that value has changed relative to the competition? Do they understand the current financial pressures on our customers? I know a lot of hardware people and their business models have radically changed in the past 5 years, our business models continue to be centered around extracting as much money up front as possible.

Our best hope is to be acquired by with a real strategy on how to use our technology. Wish I knew what company that was.

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Post ID: @1oci+11GKYrD8

Could be they are fairly involved with our operations and I hear not happy with how the company is performing. Shocking with that world class management staff, it’s more than likely that TPG just doesn’t get out complex strategy or business.

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Post ID: @1uyu+11GKYrD8

Maybe TPG is posting to send a message?

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Post ID: @1oie+11GKYrD8

I really think the initial post was dropped by one of the current exec’s. Who else would think the business is stable and TPG is going to hold for five years. My guess would be another three months and you will see executives start “leaving”. The free ride is coming to an end, gotta be tough for them to fathom.

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Post ID: @1amn+11GKYrD8

I find it funny that the narrative is always on “they don’t understand our business, space, industry, business model...” neither Intel SSg, Intel IoT, TPG understand our strategy and business. Obviously we don’t understand either! Unfortunately things will stay the same until all of management gets replaced!

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Post ID: @hwa+11GKYrD8

With all due respect, TPG knows how to run a business much better then you are giving them credit. This post sounds like something one of our executives is posting to keep the employees at ease and deflect (see the Trump defense). The company is in a mess and everyone knows it. Management is incapable of turning it around and they know it. Don’t assume paying down the debt is a guarantee and no buyer will buy our company with flat to decreasing revenues at any type of premium. I see a large scale management change shortly, which may be the best for those of us who actually care and are trying to turn things around.

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Post ID: @tip+11GKYrD8

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