Everything Quest does now is about cost cutting.
They are just a nearly dead brand hoping to hang on long enough for a good exit.
Their restructuring efforts have nothing to do with trying to grow its all about shedding cost.
You cannot cut your way to growth.
Period.
Source (256,000 results):
https://www.google.com/search?q="You+cannot+cut+your+way+to+growth"
One has to wonder what Quest would be like today if Dell had never happened...
I mean there were yearly layoffs even back then, so a successful turn around was never a sure thing.
But it could not possible be any worst.
Quest was never about growth after the "Vinny and Doug" show left.
It was only ever about nepotism, and patting each others "friends" on the back.
I see some of the biggest s—ups have now lost their jobs.
Such a shame.
Just a few more to go.
Growth was never a priority. Look at the last three CEOs. Two were former CEOs from Novel and Corel.
The other a “fixer” directly from Francisco partners. These guy were not put in place to grow anything, they were put there because they have a proven track record of keeping a company on life support long enough for their owners to get a good return on their investment.
They are coming to term on the 3-5 year typical VC investment and readying the books for a flip, simple as that.