Prior to a private equity acquisition there is heavy cost cutting. In a few months time it will be announced.
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layoffs might have been driven by fact they lost a court case and owe 30 million. hahahahahhaahhaa. no more trashy swag splunk.
This company does not deserve to be a public company. The most poorly run company I ever worked at. People who think they invented the internet. The mgmt of this company is unlike any I have ever seen in tech. Absolute sc-m. Sc-m to their employees, sc-m to their families, sc-m to human beings. just about every manager I knew or heard about had some claim from someone to HR about one of the "ism's". First time in 23 years of working at fortune 500 companies I actually learned of people openly being racist, s-xist and discriminating. It's a good thing everyone is remote. People would be at each other's throats. One executive sponsor I worked with asked the same question 52 weeks in a row. A useless sc-mbag. Please shut this dumpster fire down. Oh yeah....every other company sells cheaper and better products. Bo-m!
There has been an increase in private equity investment recently, but I doubt it will lead to acquisition. M&A maybe. But that rumor has been swirling for years (waves at Cisco).