Thread regarding Riverbed Technology Inc. layoffs

"Congratulate us - we went bankrupt!"

What's with all the people that are boasting on linked-in? "Yeah - we managed to sc--w our former debt holders through bankruptsy and get $100M in the process!". Is this supposed to make customers more excited to buy from us or make it easier for us to recruit? To me its embarrassing - not something I want to scream from the rooftop.

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| 3105 views | | 9 replies (last )
Post ID: @OP+1ecoyslV

9 replies (most recent on top)

SteelFusion was the best thing Riverbed had going for it after SteelHead, but they had no idea what to do with it. The only failings with that product were the insanely lofty price tag and the lack of R&D.

I'm saddened when I see what has become of it all. I saw one of those posts this morning on LinkedIn, and also came straight here to see if anyone else felt the same way as I did.

I thought the most cringey thing someone could do on LinkedIn was post about attainment of an associate level certification at their own company, but I was wrong.

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Post ID: @7hsw+1ecoyslV

Any functional/profitable parts of the company should be sold off and not use Riverbed name. Riverbed is finished.

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Post ID: @3zgy+1ecoyslV

Person who mentioned the rapid promotions is on point. Exactly that. Got’em by the ba--s.

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Post ID: @2huv+1ecoyslV

Yes, all the hoo-ra is a bit stomach churning.

The direct Apollo appointee on the new board specializes in distressed assets. That should tell you all you need to know about where riverbed is headed.

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Post ID: @1qlc+1ecoyslV

I have seen these posts and had the same reaction. They were even posted by people I have some respect for. I can’t imagine why those people are still stuck there. I know they got rapid promotions presumably to keep them around.

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Post ID: @1fpo+1ecoyslV

I was laughing so hard when I saw this.
A former billion dollar revenue company, with a current customer base nowhere near where it used to be, with an innovation level close to zero for years now, and a stellar track record of failed acquisitions just raised $100 million to essentially keep the lights on.
Time to celebrate!

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Post ID: @1fwm+1ecoyslV

Best post I’ve seen in awhile. The celebratory mood is really cringey. I had a partner email me to find out if we were ok. What a circus.

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Post ID: @1awk+1ecoyslV

Don’t forget the employees they screwed over too!

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Post ID: @1kta+1ecoyslV

That is an interesting take.
Working for a bankrupted company that relies on 'customers'.
Seems almost impossible.
Have you tried the job market out there?

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Post ID: @1vam+1ecoyslV

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