This has got to be the saddest part - - "We were supposed to have cake and celebrations in every office but instead many people were walked out the door,” one source familiar with the matter said told us today.
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One correction Mr.Hawn works for an equity firm not a VC. A VC will want to grow a company while a private equity firm wants to tear down a company to increase revenue.
Hawn is like a merc called in by an equity firm to being the tear down process.
Now, now...remember, he's not there to make friends. He's there to try to figure out how to get back the $2 billion that the VCs spent.
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Layoff 15% of the workforce
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Drive morale down so another 10% leave
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Sell off anything of value
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Talk up the "positive changes"
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IPO baby - now it's someone else's turd.
Do a google search of their new CEO Jeff Hawn. Guy is know for laying folks off day one and it gets better.
He was convicted of killing some bison on his reach is some sort of hillbilly feud with his neighbors.
Guy looks to be a first class a--.
"While the large size of Quest provides terrific advantages for us to better serve our customers, the need for speed and focus is most important. As such, we will be reconfiguring the company into four business units that will provide an uninterrupted line of sight from the products, through sales, and services into the customer base." ----
What a b---s--- Drivelton as they layoff people
I guess folks were too comfortable and did not see the writings on the wall. The article was general and curious how many of the IAM, Server Management team was impacted in Round Rock, Texas as well.
Typical. Dead and dieing companies reorg themselves into the grave. It will be interesting to see if ,after yet another reorg, Quest-DSG-new Quest will see growth or this time next year be reorganized again with yet another new and "exciting" plan for a come back.