Thread regarding Qlik Technologies Inc. layoffs

Thoma Bravo is Brutal

Check them out on this site, search for it - Riverbed, Deltek, SolarWinds forums will pop up.

The term Blood-s---ing keeps popping up

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Post ID: @OP+J97uMyn

13 replies (most recent on top)

Toma Bravo took over Sophos at the start of 2020. Now the slashing and burning have begun. Huge layoffs. Entire offices being closed.

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Post ID: @m9mfp+J97uMyn

Continuum has been put up for sale by Thoma Bravo, and Continuum had the audacity to publicly deny it. The Carvir acquisition has resulted in a massive shift of jobs to India, after everyone was told no jobs are going anywhere. They lied to everyone.

All of the day to day operational staff have been gone for months, and what's left is about to be blown up as well. Wishy-washy behavior with a different story every day.

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Post ID: @gQfsd+J97uMyn

Yup - 2 weeks after buying Barracuda Networks, across the board layoffs started today. Nice way to start the day.

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Post ID: @8Qvpb+J97uMyn

As a welcome gift on the first day that Thoma Bravo's acquisition of Kofax was complete I received my separation package per an immediate 10% workforce reduction. Meanwhile the CEO and his executive minions are leasing nicer and nicer cars on a regular basis.

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Post ID: @53gcj+J97uMyn

Yes, Thoma Bravo is Brutal. They recently acquired Continuum Managed Solutions and fired 150 people within a week in a mere 2 hours without specifying any reasons. The layoff was not related to performance, from top to bottom all level of employees were fired due to operational cost.

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Post ID: @50sng+J97uMyn

So sad. Could have been great, now they are in the trash bin.

Those at the top are going to be fine though so don't worry.

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Post ID: @tgri+J97uMyn

4 weeks severance and 2 weeks for each year of service

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Post ID: @nkzp+J97uMyn

Anybody know what type of severance package people got?

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Post ID: @ired+J97uMyn

And who didn't see this coming? Last few months have seen a lot of people bailing out. Wonder what departments will be hit the hardest?

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Post ID: @fviv+J97uMyn

maybe the trick is to thin it out as much as possible and try to make it into a merger?????

qlik layoff is is consistent with other companies where Thoma Bravo cut well into the double-digits on labor force right from the start

all the execs cashed out anyways per the SEC filings executed right before the final sale

example from Riverbed:

They have cut over 30% of their workforce to improve profits. The layoffs were based on how much you cost the company, not on performance. Then they give a measly severance that won't sustain anyone for more than two months. If I was a prospective client I would not deal with a company that has no regard for it's employees. I would be gun-shy and wander how they would deal and treat me. I made a big mistake in going to Riverbed, I hope no one else does.

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Post ID: @1uur+J97uMyn

Yep, 250 people laid off so far with another 200 on the horizon.

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Post ID: @1yzb+J97uMyn

Good luck to all of us we will need it - it's funny to see how people change behaviours now that things are going down, there is a lot of a** kissing

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Post ID: @oic+J97uMyn

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