https://www.techzine.eu/blogs/analytics/111256/jim-goodnight-considers-later-sas-ipo-it-will-be-in-2025/
12 replies (most recent on top)
“Housekeeping = laying off long-term employees who built the company”—that’s pretty much exactly how I interpreted “housekeeping” as well. Equivalently, “housecleaning” or “streamlining” or whatever euphemism one prefers for workforce reduction. I’m so glad I took the 2021 package and vamoosed.
Housekeeping = laying off long-term employees who built the company so the current crop of incompetent leaders get a bigger slice of the pie.
Remember, everything and everyone at SAS is "extra special", so simple things take far, far longer than other not-so-special companies. That's why an extra year, or two, or three is needed.
SAS will go public when Jim enters hospice care. Don't wait around for that to happen.
"SAS is never going public. Those who think it is are naive."
While I don't think an IPO will be any boon to employees, and do not think it will be an attractive prospect for investors unless things take a drastic turn for the better, it might be the only reasonable option available (i.e. no buyers) to Dr. G as he nears the end of life?
"SAS is never going public. Those who think it is are native"
A--hole comment.
It’s fine If you believe it is never going public. You may very well be right.
But saying ”Those who think it is are naive” says more about you than them.
@1nto+1oCc0Of4 "SAS is never going public. Those who think it is are native"
My perspective is that the transition is simply taking longer than planned. A three-year goal was very ambitious, and turned out to be an under estimation. Perhaps the now four-year plan is feasible. If that plan is followed by yet another one-more-year, then I might change my perspective.
SAS is never going public. Those who think it is are native
Employees found out by reading TheLayoff. Gossip shared in the lunchroom travels quickly to those with "connections". The people working through lunch are still in the dark.
Has this even been announced to employees yet?
The market is saturated, the article even said that!
This company is going nowhere. It's not like sales are going to pick up in the additional year.