Thread regarding Quest Software Inc. layoffs

The pattern

Look at how Jeff (and his minions) have run other companies and you see the pattern.

Sell off any tangible assets (ie buildings) under the "we're not a real estate company".

Drastically cut people on day 1 (he cut close to 1/3 of Quest) to "streamline operations"

Fail to understand the business so continue cutting. Profit is only made by increasing revenue or cutting costs and with no understanding, cutting is the only option.

Bring in larger numbers of C-level execs for their "expertise". This means hiring his friends from his previous failed ventures.

Get all aspects of the business operating exactly the same way. This makes the company attractive to other companies because they don't have to listen to various exceptions to the standard operating procedures

"Fudge the books" to make the company look successful (profit by cutting, not growing - but show a profit)

Sell the company to the next s---er on the list (DXC, Microfocus, Broadcom) for a nice chunk of change and have the execs reap large $$$ for doing such a great job

Lather, rinse, repeat from the Gordon Gecko playbook - greed is good!

Couldn’t have said it better myself. Good post @XDeERAl-umk

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Post ID: @XDyMn5U

8 replies (most recent on top)

So much spin at Quest doesn’t help. Data Protection is a dead duck floating down the river. Moto inDP is get as much as you can with the least amount of internal investment then point the finger at low ranking individuals and get your sales reps to cold call customers to inflate the pipeline. If you are in DP, hold out for redundancy, only a matter of time.

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Post ID: @XDyMn5U-4msma

some parts are doing well and have received investment and a revamp... it's not all bad.

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Post ID: @XDyMn5U-1Azmy

Quest is now in sh-- hole

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Post ID: @XDyMn5U-1zfmv

a lot of folks have gotten cut once again. sacrificing quality workers to meet targets. see and hear plenty of traveling and events but no solid marketing on products, no direction, nothing. bunch of higher ups trying to squeeze out every dollar claiming business growth. nepotism at its finest. this is not the way to run business. investors need to know the impact they are putting on the workforce vs

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Post ID: @XDyMn5U-zcmz

the last few comments sounds like the same person who can't write English or is severally dyslexic talking sh--e and not giving any useful information about what is really happening at Quest. Keep off the airwaves until you have something real to say. Dipshit.

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Post ID: @XDyMn5U-2wxu

Silo based power centers all over at Quest , One Identity. Knee jerk reactions and wanting to save their fat paychecks. There is no future. Oldies sitting at the throne

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Post ID: @XDyMn5U-2qhm

Usually there are lots of travel and expensive silliness early in the year...they someone takes a look at the numbers and panics. Then the real hacking and slashing starts...usually around August.

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Post ID: @XDyMn5U-1hhy

expenses are not being curtailed , engineering folks travelling around the world , going to conferences with no outcome or direction. Firing people is the only thing they are good at.

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Post ID: @XDyMn5U-1tth

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