17 replies (most recent on top)
Whether an event happens immediately or in the coming months is yet to be determined, but TPG is not been pleased with the direction of the company and even less pleased management. Across the entire C-Team suite you will find incompetent exec’s. The worst part is now we have two of every position that the company is funding. Two EVP of sales one being from TPG and the same with Marketing. Not to mention two exec’s in the corp development/strategy role. I had a little more confidence that TPG was going to turn this around sooner, but losing hope quickly.
It’s October 30th and nothing.
Everyone here is full of hot air.
Right; add “Kubernetes” (or K8s/K3s) and/or “containerize”, and/or “orchestration” to a presentation and you are golden.
No, no you got it all wrong Kubernetes is the buzzword these days. Make sure we include Kubernetes in all our presentations until something new comes along!
If we miss Q4 and FY19 revenue targets, TPG will have no choice but to reduce headcount! Wasn’t it said that Intel had “hamstrung” our growth and TPG was going to fund growth and we would turn things around. Let me guess, TPG doesn’t understand our strategy and business and as soon as they offload world lookout because we will be a force in IoT, autonomous vehicles or Cobots. Let’s not forget Titanium server as soon as that deal closes!
Don’t you mean “Goodbye Alameda” since it’s a higher cost center?
TPG will make money only if and when they grow the top line and unload. The current executive team is incapable of growing the top line. A good way to identify if you have a solid executive team is whether they can get the same position at another company. With the exception of the head finance guy Bryan absolutely no way noyes, mccabe, ronem, ertz and the hr lady come even close. As soon as TPG figures it out the better for wind to prosper!
TPG knows how to make money by cutting costs and selling, not investing in new products/R&D for long term success. You don't need to know the market when you have a healthy pipeline for the next 5 years until sale. Both management and TPG will get paid out. Having not reinvested in itself and its future, WR will be subsumed in a merger, or die out if market conditions change drastically by 2025.
Don’t necessarily disagree with the comments below with the exception that TPG doesn’t understand our space and business. Have you looked at their technology portfolio. I have heard this excuse by our current management team over and over, first intel didn’t understand and now TPG doesn’t understand. These are all excuses from this executive team which has no direction or strategy. I wouldn’t expect TPG to sit idly and let this happen, they know how to make money. I am hoping a big change in the leadership team or else myself and others are leaving soon!
Our products are largely the same as they were 30 years ago. Open Source options are getting better every year. The RTOS competition hasn’t had the distractions of Intel and have become our equal in many cases, our superior in others. Almost all of the WRS executives are the same and have the same strategy, not any real innovation or changes in company direction. Oh, I forgot Test Management...that was a change in direction. Just not a smart one.
The very definition of insanity is to continue to do the same thing expecting different results.
This is nothing but a sales and marketing company living off the success of the past and taking advantage of the fact many of our customers are either too afraid or too lazy to port their code to another platform. As soon as our continued layoffs start hurting our customers ability to be successful then you will see even further erosion of our market share.
TPG doesn’t understand this market, frankly either do our leaders. They are not going to make the necessary changes to fix this. Do our leaders even consider that they are part of the problem?
My guess is that we will continue to see further cutbacks ever year or two. Continue to get by with less. Continue to deliver non-innovated products until we are past the point of no return. My only hope is to be retired by then.
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.
I started at Wind River a little over a year ago and was impressed with the technology and the greater IoT space. It took me six months to figure out that the existing executive team is so out of touch and over its head. From top to bottom we have no real direction or strategy from the leadership team. We mask this with excuses and presentations. Not sure why TPG hasn’t figured this.
Surprised they are struggling, Jim had indicated that Intel was holding them back and once out of Intel’s umbrella we were going to flourish!
Why would TPG get rid of that world class marketing organization, remember he ran that same group and promoted the entire team!
Not a restructuring, just TPG doing Jim’s job!
More to come...
And it happened 3 in Marketing.