Thread regarding F5 Networks Inc. layoffs

F5 lays off more people, and stock price goes back up!

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?

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Post ID: @OP+11GpryuB

10 replies (most recent on top)

@FLDfanboi: No, he doesn't. It's vague nonsense. Hence the double downgrade this week. That's one analyst who isn't buying the nonsense.

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Post ID: @Ihln+11GpryuB

FLD has a clearly defined strategy and it is very well articulated. If you don’t like the strategy then it’s your right to leave.

I am staying because F5 has a real chance of surviving and becoming one of the great IT companies- it will be tough work, but that’s also exciting

So either stop complaining and use that energy for good or please leave and go to a competitor

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Post ID: @yooo+11GpryuB

Blue was not a success, no matter how hard FLD tries to message it that way. Don't kid yourself, people.

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Post ID: @ukhy+11GpryuB

Get out while you can. You're stuck with stupid managers and people who cant go anywhere else. My advice is sound. I'm the sage.

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Post ID: @iyij+11GpryuB

With the number of staff on the project, you could estimate that it cost somewhere between 50-75M$. - Yes, it did.

How much revenue did it generate? - $0. Why blame Team Blue if the management decided to buy NGINX? There is some merit to buying NGINX.

How many new customers did it create or old customers did it retain? - It directly didn't. Because obviously, we never released.

How did its development or business practices make the rest of the company better on some way? - It changed how F5 has always been. Not adapting to newer technologies, not innovating at the pace of the industry. Heck, our BIGIP pipelines are built on Perl scripts. It works, I agree. But, in general BIGIP was just trying to squeeze the last bit of juice left in it.

How did they positively affect F5’s culture? - It has shown that failing is okay. Pivoting is what business is about.

Who are the future development or product management leaders who will emerge from the ashes of that project? - It is not ashes. It is the building block for future products.

One needs to understand that NGINX wasn't bought because Blue failed. Blue was the reason to buy NGINX.

I'm not gonna comment on whether buying NGINX was a great move or not, or, whether not releasing Blue was a good idea. Above my pay grade.

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Post ID: @2cqv+11GpryuB

With the number of staff on the project, you could estimate that it cost somewhere between 50-75M$. How much revenue did it generate? How many new customers did it create or old customers did it retain? How did its development or business practices make the rest of the company better on some way? How did they positively affect F5’s culture? Who are the future development or product management leaders who will emerge from the ashes of that project?

Let’s play a simple game called name three. Winning is trivial—list three lasting, positive contributions Blue has made to F5.

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Post ID: @1tgy+11GpryuB

I work for Blue. It's not accurate to tell Blue was a failure. Blue did everything what it could and was on track for a release. Buying NGINX changed everything. Attributing that as a failure for Team Blue seems unfair.

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Post ID: @1pnv+11GpryuB

Post id @11GpryuB is completely on the money. FLD is terrible at his job and has no substance.

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Post ID: @nkk+11GpryuB

FLD has been squandering wealth like a code-addicted heir.

Blue was an expensive and complete failure that required a "hold my beer" moment of 670M$ wasted on nginx. PD's agile transformation benefits no one but Slalom and the rewriting the main product will never pay off its opportunity costs. And we mustn't forget the immense amount of evaporated employee and customer goodwill and loyalty.

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Post ID: @pwq+11GpryuB

It’s a sinking ship. Can confirm. Several folks in Pro Services, SE management, some sales management. I left two years ago because I saw this coming.

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Post ID: @pby+11GpryuB

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