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Had Ellie Mae focused on their key priorities for the last 5 years (the core LOS) instead of bloating up the business with ridiculous add-ons that never worked, they would not have been in this situation to begin with.
The layoffs were a dumpster fire of an event. People had access cut off before they knew they were impacted. Sr. Leaders used it as an opportunity to get rid of anyone that questioned them in the past and made them feel threatened. No rhyme or reason to who was cut otherwise. All but two senior leaders stayed, thus ensuring the continuation of poor management which will reap poor results. If they really wanted a "new day" they would have dumped those at the top and really cleaned house in Product, Engineering and Customer Support. Thankfully CSG left (with her golden parachute, of course) as she was toxic and really enjoyed pitting people against each other. Those of us left behind are actively looking for new jobs.
only 10%, only “x”, only a small number of blah blah blah.
i was one of those “few” that got laid off and having my ceo send out an email downplaying losing my job with words like “only “ is a real thumb in the eye for everyone, employed or not.
i was not on the sales team or the afore mentioned teams. so many people were let go from every team across the whole company.
it was a massive layoff.
C-level executives down to aux staff and everywhere in between. the public relations declaration of 10% was to nothing other than a weak attempt to mask the devastation that companies like thoma bravo bring by design.
Technology powering the american dream
i never thought that the american dream was one of greed and VC corp. flipping, but i guess it is what it is now.
ellie mae was great while it lasted.
Armchair quarterback much? Less than 10% were let go. To be expected when a company goes private, regardless. Rather than spewing unknowns, untruths and ridiculous lore; sit back let it play out. If the company was driven into the ground, a $3B check would never have been written. Silly people. Stick to your day jobs.
Incorrect. All of UX did NOT get laid off. A small number of people.
Little over 10%. Mostly sales. Dozen from support. Basically all of UX
Wife got laid off. I am with JPM we also have layoffs. Timing is horrible
Heard it was 10% mostly mid market and strategic sales and account management. Technical writing, velocify and allregs. But yet Jonathan is still at helm and zb sh ds lk csg are still there when they all drove that company into the ground. I bet more layoffs to come in 90 days when no one signs any new contracts with them.