Thread regarding TIBCO Software Inc. layoffs

Layoffs at Tibco today

How many got cut? I heard some very senior people were let go.

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| 6076 views | | 11 replies (last )
Post ID: @OP+ZNdwqO0

11 replies (most recent on top)

To counter the inaccurate figures - at least 15% (first hand source, not hearsay) of the global Products & Technology (P&T) budget has to be "cut" before November - the lay off head count will be heavily skewed towards high cost countries primarily the US (since labor laws (or lack thereof) allow for it) ... and where the % will end up being higher.

The number I heard was "130" - I suspect APAJ Support engineers are in danger given the overlap with the IST timezone.

The so called re-balancing will likely mean replacing high cost onshore workers with (junior - cheap) offshore ones working night shifts (to cover the US timezones - EST - CST - PST); to state the obvious - one can expect high attrition rates (overseas) and some unavoidable impact on the customer support experience due to lost skills / lower staffing (at peak activity moments) and likely overworked surviving (for how long?) staff.

Nobody was laid off directly - some folks were offered a voluntary buyout today ( US only the "lucky" ones got a phone call) ; those who don't take it will enter the "involuntary" redundancy scheme and get the then available redundancy package (they insisted that the conditions may change at any time ...indirectly meaning IMHO that they encourage folks to take the voluntary package which is significantly better than what was offered to those laid off in 2019).

Given the inhumanely narrow 60 day window H-1B folks (and their families, many with US-born children) and the current job market conditions, this will likely become tragic come November for those without a "Plan B" in hand.

To add to the complexity - those with pending H-1B extensions cannot transfer to a new employer on H-1B - the "Buy American" supporters must be happy.

It was a very gloomy afternoon for those that I talked to :-(

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Post ID: @5Cjjg+ZNdwqO0

TIBCO slashed it's global BPM vertical. It happened around November 2019. 70% of jobs lost globally. Swindon office closed. Remaining staff told to work from home.

Way to go TIBCO!

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Post ID: @3Kvco+ZNdwqO0

Don't think anyone will touch tibco even with a 1000 ft pole. It's a dead horse.

Layoffs are not a competitive strategy.

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Post ID: @fmdx+ZNdwqO0

Broadcom is looking to Tibco:

Big Lay-off is planned in the summer

Tibco is the next CA

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Post ID: @9ond+ZNdwqO0

There will be more cuts pretty soon I guess. Tibco tech is old and not many new customers

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Post ID: @2hvs+ZNdwqO0

Just sad. Very sad.

How come the top guys who ran the company into the ground still survived.

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Post ID: @csw+ZNdwqO0

Tibco is already dead, just that folks working there don’t know it yet.

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Post ID: @jrx+ZNdwqO0

I heard it was more like 10% after you factor in all the remote workers. So sad

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Post ID: @rsb+ZNdwqO0

Yep the end of the company is here...good riddance

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Post ID: @xax+ZNdwqO0

5% is what I heard. And you are right, looks like some high level ppl were let go.

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Post ID: @pzr+ZNdwqO0

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