Thread regarding Qumu Corp. layoffs

Company that does not care

Qumu has laid off half its workforce. The new CEO has been a bad-luck, they acquired Qumu Cloud, for past 2 years they have been trying to make it work and have failed miserably, the result they downsize half the organisation. Instead of putting more effort into product development, CEO's answer to losses is cost-cutting by laying off employee's without understanding of who does what and how are they important.

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Post ID: @McLWHQl

4 replies (most recent on top)

Wow, those posts nailed it. Qumu salesmen are like car salesman, very shady and sly.

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Post ID: @McLWHQl-3qvqu

Let's put some context around this . . . Rimage Corporation acquired Qumu back in 2011/2012. Rimage was/is a manufacturer of physical storage media duplication systems--diskettes, CDs and such, which we all know is a dying business. Qumu develops software that allows people to store and distribute high volumes of data on things other than physical media. This will be important later.

Almost immediately after Rimage purchased Qumu, the Rimage business completely crashed. Qumu was originally the smaller company in the acquisition, but had to lead the merger because Rimage was not financially able to do so. Any layoffs that happened in the last few years were definitely unfortunate, but they also happened because Qumu had to lead the restructuring.

And if any of you doubt any of what I said, please note that as of today Qumu is a thriving publicly-traded company, and Rimage is owned by some crummy private holding company nobody has ever heard of.

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Post ID: @McLWHQl-38qsc

totally agree with your comment, They would never say "no, we can't do that" but they would try to avoid answering questions regarding capabilities that they could not accomplish. Buyer Beware!!!

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Post ID: @McLWHQl-1nwbu

I found salesmen would promise the moon, but Qumu could barely get launched.

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Post ID: @McLWHQl-Autr

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