Last week TB completed the acquisition. This Monday company saw the biggest layoff in its history. Close to 150 globally. Sales had the biggest impact. They have transitioned out of a handful of countries.
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SVP of sales Dave Woodcock back then is a piece of sh–. He got lucky the entire time indeed. He can't even get the CRO title and had to settle for a SVP title instead. Good that he's gone now. He should have been long gone.
This is similar to other TB owned companies after acquisition. It's all about cost savings and EBITA and they do not care how they achieve those goals.
Surprised that the SVP of sales wasn't laid off but the more capable and respected sales leaders got let go instead. For someone who got lucky the entire time in the company, should have been long gone.
The choice of people who got laid off makes you wonder what is going through the management heads.
I’m one of those affected by the layoffs. While the company’s severance package was above normal, it was disappointing seeing them favor keeping lower paid (and mostly lower performing) employees. It showed the true motivation was about cost savings, not quality of work. Most of us were happy to leave the now extremely toxic work environment thanks to the CEO who comes out of this acquisition $15mil richer. He ruined a once great company to work for.