Thread regarding McAfee layoffs

Is now the time to leave?

Don't know if I should see how this plays out or make the jump. I have only been here for a little over a year, but I'm wondering if I should get out now. It feels like McAfee would make that decision for me after the acquisition is complete.

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Post ID: @OP+19MU7SwE

8 replies (most recent on top)

Update: I did end up leaving. I started my new job on Monday.

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Post ID: @1fipz+19MU7SwE

McAfee is copying Norton lifelock by spinning off its enterprise business, hoping there is room enough for two on the more lucrative consumer side. This is partially because of enterprise competition (Crowd Strike), but also because it's very expensive to stay cutting edge in enterprise. McAfee had to do this because it failed to invest in R&D during the Intel years, and doesn't have the time or money to catch up with it's competitors.

So what does this mean for current employees? You'll get a fat check if you have stock, but if you don't you'll probably get a pink slip. Look at the Broadcom acquisition of Symantec's enterprise business as a guide.

There are plenty of young, hungry cyber companies out there with better prospects. McAfee doesn't have the Norton or Lifelock brands in the consumer space, so it will need to acquire another prominent consumer brand or two in order to avoid becoming another has been in the consumer cyber security market.

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Post ID: @lwte+19MU7SwE

"Everyone employed by McAfee should take a good hard look at the SEC filings and see how much the new leadership is making on this deal."

No doubt. Peter Leav alone is going to bank about $9-million on this deal without selling a single share of stock, and not including bonuses, incentives, and salary. And all it took to make that happen was tasking his goon squad to fire 18% of the company personnel over two years. Not a bad days pay, but I prefer not having to put my soul on a shelf for 16 hours a day. I'll take id–tic execs that let tech thrive over those that profess faux master of it whilst playing chess with peoples lives to make a buck any day of the week and twice on Sundays.

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Post ID: @7cxr+19MU7SwE

jump now. or plan to, anyway. STG absolutely gutted RSA and got rid of top talent, not just the so-so engineers. No one could figure out why certain top dogs were just bumped off. at any rate STG is all about cutting payroll immediately as soon as it's legal and they don't care about the long term customer relationships afaik. STG is run by a FUND, not smart engineers. it's immediate $ now, sort the rest out later. rinse n' repeat.

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Post ID: @1twv+19MU7SwE

Staying with the "new" McAfee on the consumer side wouldn't be recommended based on the way they have treated staff up to now but to be honest could the new owners be any worse than what is currently there on the Enterprise side? Everyone employed by McAfee should take a good hard look at the SEC filings and see how much the new leadership is making on this deal. The arrogance of these people is astonishing but large amounts of money will do that to you. They will tell you everything and anything to get you to work hard for the next few months so quarterly numbers stay inline with expectations and the deal is not jeopardized and they are banking on the fact you are stupid or fearful - plain and simple. These people already think you you are stupid. #McAfeeEmployeesMatter (In no way do I compare the BLM, MeeToo etc. movements with this - people can always get other jobs) - I wish you well on your search.

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Post ID: @1mrj+19MU7SwE

I just left the company last week and started my new job the day this announcement was made. Leave. Start your search now and take your exit voluntarily before the decision is made for you. I saw the writing on the wall, albeit I had no idea this is what it actually said.

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Post ID: @1dtf+19MU7SwE

Have to agree. Mcafee have treated staff awfully over the last few year. Im 15 years in and have no intention of leaving without a payoff. But I think the writing is on the wall and anyone with a short service may want to look at opportunities externally seriously.

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Post ID: @nxh+19MU7SwE

"It feels like McAfee would make that decision for me after the acquisition is complete"

That decision will be made long before the divestiture is complete, if in-fact it hasn't been made already. I left McAfee a little over a year ago. I'm going to give you some perspective. If this is new to you, so be it. Sooner or later you have to deal with it.

The bad news: similar problems are all over the industry, but McAfee is a special rendition of the greatest-hits playlist of how not to treat your employees. Baptism by fire via non-techno imbeciles in a techno world, if you will. If you can survive this with sanity intact, you'll probably do well, and be better prepared, at your next venture. I've seen this happen time and again in this industry over the last quarter-century, in particular in the cases of divestitures, liquidations, and acquisitions (both as the acquiring company, and the company being acquired).

If you're NOT in Enterprise, just sit back and watch the fireworks, but pay attention. First they came for the communists... You can learn a LOT ,and be better prepared to read the signs of things to come for the future, and make no mistake, with this executive staff, they WILL come.

If you're in Enterprise, you need to hunt for positives. Ironically there is one (and only one): the decision of where you CAN go has already at-least-half been made for you; you just don't realize it yet. One way or another when the dust settles on this, save for one very special case, you will no longer be working for McAfee. That is a fact; you have no realistic choice there, and here is why:

  1. If you're The Chosen e.g. a member of the "valuable-assets”' that STG decides to keep post-divestiture, you have two choices: accept your new role at STG or leave. Working for McAfee in some non-Enterprise capacity is NOT an option (though I'm certain special... considerations would be made for upper management and/or executives if they s— up enough, lie enough, and most likely, both). For the mere mortals, however STG will not allow you to seek refuge elsewhere within McAfee, and McAfee has/will agree to this as part of the divestiture conditions and the $4-billion they're going to receive for this fiasco. For all intents and purposes, STG owns your employment not only at STG, but also McAfee. If you're The Chosen and decide not to work for them, you're not working at McAfee either (why would you want to? more on that later). Also note that, as continued employment has been offered, if you choose not to accept STGs offer it is highly likely you will also NOT be offered severance. Different countries have different restrictions on this, so check your local laws and regulations. With only a year under your McAfee belt, it's likely not important, but for someone with, say 15+ years, that can be a LOT of money. And note even here, if you decide to stay and assume-the-position at STG, there is a very strong likelihood of a future culling within a year or two as they sort out the fat. It frequently happens within 12-24 months of being consumed. Just ask RSA. No guarantees in life, and certainly none in this industry. In short, you may just be delaying the inevitable.
  1. Now... If you're not a member of The Chosen (STG has decided your services and talents are not valuable enough to retain), things get simpler, but ugly. Your time at STG will never really start, and McAfee will be releasing you outright unless you arrange otherwise, and soon . DO NOT confuse the public expected completion of divestiture date (year-end 2021) as any indication of your continued employment with McAfee. That is the at-most-optimistic longest you'll still be around. With STG having already decided they don't want/need you, the very moment McAfee feels they no longer need you either, you WILL be cut loose. Judging by the forecasted expectations of expenditures cited on the recent company 8K filing with the SEC (worth a read; go find it) unless you land continued employment in McAfee elsewhere, you're on borrowed time; most definitely sooner than year-end 2021. Per their filing they expect the bulk of that expenditure to be paid by the end of Q2 2021. Consider that a much more realistic estimate of your time remaining, if not even shorter.

So if you're in the second group, what can you do? Not much, I'm afraid. With the exception of the sprinkling of research positions protected from on-high that you can count on one hand, the live virus lab, sales, and the ivory tower of executives, the divestiture of Enterprise will seal the book on one inescapable fact: McAfee will be an Indian company. Period. You can argue all you want, but you'll only end up looking like a fool. It's reality, and it's been a long time coming. Therefore, if you're a standard Software Development Engineer (SDE) your only real chance is to apply to, interview for, and be accepted for, a position in India. Last I checked the McAfee public posted jobs site, there were about four-dozen full-time Software Development Engineer positions open, all of them in India (no surprise there), and all of them paying the U.S. equivalent of $16.5k-$26k / year. You can make more money pumping coffee at Starbucks part-time, so don't look for any India-based engineering positions to bale you out of this unless you're already there. And if you are already there... let the games begin, and may the odds be ever in your favor.

I urge you to carefully consider how McAfee has treated their employees outside of a the chosen few special-interest teams protected from on-high, especially over the last three years. Why on earth you would consider staying with these vultures at this point is beyond me. If you have a viable option to get out already waiting. take it . If you don't, find one. Every place will have their problems to some degree, but you'd have to book your vacation for the bring-your-own-shackles resort discount package on Devil's Island to find worse than McAfee at this point.

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Post ID: @erx+19MU7SwE

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