After seeing the numbers at the all hands meeting, it can only be a matter of time. Booking shortfalls north of $200 million. Fudging numbers so that the execs can take home their fat bonuses before the entire house of cards collapses on itself. Many first line managers have been told to get names ready.
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how much longer will this company survive? cutbacks happening...but travel budgets are still strong?
Revenue decreasing but bonus payout at 112%, way to go management team at quest and OI, filling your pockets..
Do you guys sleep well at night?
What kind of package Canadian employee get if any
in Europe they have already fired the whole first line manager Data Protection and the DP Sales in small and medium territories. They are consolidating in Ireland where they are going to drive everything ( at least in Europe)
The sad thing about all of this is that the portfolio (especially DP & KACE) were far from market leaders even when they were in Dell. Years of under investment, pre-Dell take over of Quest made tools like vRanger (once a market leader) and NetVault (never a market leader) dinosaurs, rapidly overtaken by newcomers such as VEEAM, and never able to break down the install base of Veritas or Legato. AppAssure was always a disaster, for lots of reasons that only the legacy Dell DP guys know about - no further comment required. The software within the DR appliance was good, but years too late for Dell to capitalize and the buyout of EMC put the skids on that anyway.
KACE was a nice tool back in the day, but it's super-tight link to Dell desktop/laptop integration means that it is little use outside of managing Dell stuff. It's inability to efficiently manage multi-site environments without major custom intervention as well as lack of roles-based access, relegates it to the SME world. The cost of sale is way too high for such as small product.
Francisco Partners were sold a pup, because without the Dell Inside Sales attach engine unnaturally holding up the KACE and DP numbers, there was NEVER going to be a market for this stuff outside of Dell.
And magically they will spend a boat load of $$$ to butt snorkel the sales weasels at "kick off" this week. Given the terrible numbers last year, maybe they need a "kick out" instead of a "kick off". Ooops, I forgot - much of the sales force has already left for greener pastures.
Drinks for everyone!! https://youtu.be/M1owcncKCHg
This kind of thing is going on everywhere, and I mean EVERYWHERE. Not just tech, all industries.