Thread regarding TIBCO Software Inc. layoffs

Mid-year Layoffs ?

Is there another round of layoffs coming in the next two weeks? Last year we had a big cut around this time? Is there one expected now ?

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Post ID: @OP+15dxxq4f

7 replies (most recent on top)

There is no doubt that Customer Service is going to suffer. Cost cutting may line up the company initially for the future but at the detriment to the quality of service to its customers that will in turn cause recurring revenue to decline. Short term gain but a long term hurty.

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Post ID: @cfct+15dxxq4f

At least 15% (first hand source, not hearsay) of the global Products & Technology (P&T) budget has to be "cut" before November - the lay off head count will be heavily skewed towards high cost countries primarily the US (since labor laws (or lack thereof) allow for it) ... and where the % will end up being higher.

Headcount wise - the number I heard was "130" - I suspect APAJ Support engineers are in danger given the overlap with the IST timezone.

The so called re-balancing will likely mean replacing high cost onshore workers with (junior - cheap and willing to trade health for work experience) offshore ones working IST night shifts to cover the US timezones - EST - CST - PST; to state the obvious - one can expect high attrition rates (overseas) and some unavoidable impact on the customer support experience due to lost skills / lower staffing (at peak activity moments) and likely overworked surviving (for how long?) staff.

Nobody was laid off directly today - some folks were offered a voluntary buyout today ( US only the "lucky" ones got a phone call) ; those who don't take it will enter the "involuntary" redundancy scheme and get the then available redundancy package (they insisted that the conditions may change at any time ...indirectly meaning IMHO that they encourage folks to take the voluntary package which is significantly better than what was offered to those laid off in 2019).

Given the inhumanely narrow 60 day window H-1B folks (and their families, many with US-born children) and the current job market conditions, this will likely become tragic come November for those without a "Plan B" in hand.

To add to the complexity - those with pending H-1B extensions cannot transfer to a new employer on H-1B - the "Buy American" supporters must be happy.

It was a very gloomy afternoon for those that I talked to :-(

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Post ID: @cozo+15dxxq4f

on-shore (-15% !) - offshore re-balancing - and I, for one, would not blame CoVid19 for this - like last year' s mid-year (and end of year) layoffs , it' s proof that profitability is king - the corporate tax cut does not mean a thing in today' s US corporate world IMHO.

voluntary / buyout packages in phase 1 - the complement to 15% (or more) will probably be more like regular layoffs come october/november

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Post ID: @bzlt+15dxxq4f

Covid is a pre-text to just make the redundancy % higher, I believe.
Unlike last year, though, I believe there will be some voluntary redundancy package offered for some period.
Details on "phases" going all the way to the November will be outed in a meeting this Wednesday (06/10 08:00AM PST) after which I expect a flurry of postings.

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Post ID: @9dxp+15dxxq4f

Yes the Virus is causing havoc but lot of tech companies are not doing layoffs for like 60 days. These are the companies who care as humans unlike TIBCO (private equity owned).

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Post ID: @gus+15dxxq4f

Large layoffs/offers to retire coming next week is the rumor. But I guess Tibco is not alone in this game, the virus is causing havoc

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Post ID: @vlr+15dxxq4f

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