Thread regarding Avid Technology Inc. layoffs

GlassDoor - A large number of negative Avid reviews magically disappeared

Imagine it was either magic, a miracle or bullying GlassDoor. It would seem ethical to also pull down the bogus planted 4 and 5 star reviews. It hasn’t taken the naive new people long to figure out the state of the organization. A lack of direction, lots of useless hot air and very bumpy ride from management at all levels which instills no confidence or belief in the organization will do that.

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| 1867 views | | 5 replies (last )
Post ID: @OP+TrYKHcz

5 replies (most recent on top)

This place is a dump circling the toilet. It is a place of perpetual RE- organizations and layoffs. Never heard of an organization laying off so many productive and loyal employees. All to try and fill the pockets of a small group of executives with money. Keep jobs in America certainly isn’t Avids motto. The new CEO won’t last. A company in this dire situation needs a CEO with a track record of turning sinking organizations around. Not a rookie CEO who knows nothing about engineering (which BTW should be the back- none of the company. Not an after thought. Also (public info) 200+ million in dept with revenues 1/2 of what they once were. Certainly not a formula for success. But let’s put on our happy faces and make believe we are the organization who hasn’t severely struggled, had constant RE-orgs and layoffs for 10+ years.

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Post ID: @bgtt+TrYKHcz

It's hardly inside info when Avid is a publicly traded company who legally have to announce their earnings (or in Avid's case, losses) every quarter.

Take some time to read the investor conference call transcripts. That's where the CEO and CFO are held to account by shareholders, and they reveal what they are really doing... Not the kool aid sh-- they tell you internally at Avid.

https://seekingalpha.com/article/4172701-avids-avid-ceo-jeff-rosica-q1-2018-results-earnings-call-transcript

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Post ID: @8upf+TrYKHcz

Interesting. Clearly you have some very inside information as to the financials and inner workings of this company if you are able to toss out numbers like this. And if these are indeed facts, I question how you're so 'in the know'. Also, Jeff as CEO has 'cut cut cut'? I don't believe there is anything to substantiate a statement like this. Probably should get your facts straight first.. but then in a forum like this I guess people expect this kind of commentary.

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Post ID: @7naf+TrYKHcz

Even if it's a 'nice place' now it won't stay nice for long when they lose $8m a quarter.

Jeff Rosica is a wolf in sheep's clothing and he'll continue to cut cut cut to make ends meet and keep his job.

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Post ID: @6iki+TrYKHcz

Not seeing what you are seeing, when the CEO switches, Glassdoor reset his stats, is that what you are referring too?

Also, now that a couple of sh--heads have gone it might actually be a nice place to work again.

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Post ID: @5rnl+TrYKHcz

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