Thread regarding SAS Institute layoffs

IPO

Anyone hear of layoffs coming to prep for IPO?

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| 4215 views | | 6 replies (last August 30, 2021)
Post ID: @OP+1ciBLB43

6 replies (most recent on top)

Too little too late. Old Klingons still in manager / director / VP positions getting paid a lot to do nothing. Kids just out of college being hired so they company looks attractive to young people, but most of these hires are bad decisions. No work ethic, no loyalty, no sense that employees are supposed to be solving problems for the company and not the other way around. Left with experienced people as individual contributors who should be promoted but there’s nothing to promote them to because the retired in place people won’t pack their sh-t and leave.

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Post ID: @icnv+1ciBLB43

If there is an offer between $15-20B, there will be no IPO. If not, there will be one. This move is caused by estate tax laws; any intelligent person would do it.

An IPO is the kindest gentlest alternative for employees, because Jim Goodnight will minimize layoffs.

Anyone else in charge will do much larger layoffs. That is what software acquisitions always do.

Broadcom was a bullet dodged. Take it as a warning shot, and take Schabenbuggered's advice.

"Get your books, houses, and work skills in order. Be prepared to move." You'll probably need to.

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Post ID: @ccar+1ciBLB43

Folks, there is no IPO coming. That announcement was nothing more than a "future fake". Future fakes are promises of future change or glory that never materialize. These messages are intended to give employees hope, keep them on the hook, and buy time while doing nothing.

Why would a healthy company need 3 years to prepare their books for action? They wouldn't, as a healthy company would manage the books well at all times.

Stop believing the messages and holding out for something that isn't going to happen. The Emporer has no clothes, the SAS of legend is long gone, and none of it is coming back. Accept it and move forward with life. Get your own books, houses, and work skills in order, and be prepared to move when opportunities present themselves.

And if you ever find yourself in the position of being given "the choice", for whatever reason, and as unsavory as it is, don't take it personally, and don't hold out hope for redemption. Your best option will be obvious.

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Post ID: @9yev+1ciBLB43

Anyone who actually believes this IPO talk is a fool. There won’t be one. The only thing worth buying is the technology. Period. There is nothing else anyone would want. To get headcount where it should be will devastate morale that’s already in the toilet. Yes we are still employed right now, but at what cost? No transparency. People leaving in droves. Save yourselves. sooner rather than later. Start looking fir jobs.

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Post ID: @8guf+1ciBLB43

I heard several hundred qualify in the US. I bet we’ll have cuts as SAS prepares for IPO

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Post ID: @5mak+1ciBLB43

Early retirement incentives went out today for at least one group of employees. I've heard you have to be at least 60 with 10 years of service.

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Post ID: @1nbd+1ciBLB43

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