@DustinB3403 You can now google, "spiceworks layoffs" and a lot of topics will come up. They had to file with WARN because they laid off so many people... https://patch.com/texas/north-austin/austin-based-tech-firm-spiceworks-inc-lay-59-workers
They stated 59, but I believe it was actually closer to 80. If you read about warn, 59 is the minimum amount of employees they had to terminate to trigger WARN.
That's exactly what they did.
I would be shocked if they stick around. ZD purchased SW for an audience, that is dwindling due to the lack of support of their original tool suite.
totally speculating - but i bet Jay will be out in a year, he's been taking a backseat ride ever since goldman put in their people (they provided most recent funding rounds). It's clear goldman was really pulling the reigns when they put in that new CFO 18ish mos ago - which given the history of that excutive (google him) the mission was clear that they wanted to position the company for sale - i mean that $59M in series E funding has to be recouped somehow?
Also all the tools they developed were created with the sole purpose of being able to leverage the data they produce for more intelligent ad targeting (but as someone stated above the back end is so jacked like good luck with that).
They aren't thinking about, "what tools can we continue to support (inventory) or improve the lives of IT Pros" the attitude is definitely, "What tools can we produce to gather the data our vendors are most interested in." Honestly it's sad and disappointing. It's like the rockstar who became famous, and then forgot all their friends...
Anyway it's just the same song and dance as any start up failure... abandon your original mission and pivot towards the money train. Where really the money is in nurturing your original audience and purpose. Terrible.
All of this acquisition talk sent me on a bit of a wormhole, which is how i landed here. Really more of a stackoverflow lurker as i am not a straight up IT Pro - but am technical in nature. Can't wait to lurk here. I had no idea about the whole SAM removal... can't wait to explore that further...
That's exactly what they did.
I would be shocked if they stick around. ZD purchased SW for an audience, that is dwindling due to the lack of support of their original tool suite.
totally speculating - but i bet Jay will be out in a year, he's been taking a backseat ride ever since goldman put in their people (they provided most recent funding rounds). It's clear goldman was really pulling the reigns when they put in that new CFO 18ish mos ago - which given the history of that excutive (google him) the mission was clear that they wanted to position the company for sale - i mean that $59M in series E funding has to be recouped somehow?
Also all the tools they developed were created with the sole purpose of being able to leverage the data they produce for more intelligent ad targeting (but as someone stated above the back end is so jacked like good luck with that).
They aren't thinking about, "what tools can we continue to support (inventory) or improve the lives of IT Pros" the attitude is definitely, "What tools can we produce to gather the data our vendors are most interested in." Honestly it's sad and disappointing. It's like the rockstar who became famous, and then forgot all their friends...
Anyway it's just the same song and dance as any start up failure... abandon your original mission and pivot towards the money train. Where really the money is in nurturing your original audience and purpose. Terrible.
All of this acquisition talk sent me on a bit of a wormhole, which is how i landed here. Really more of a stackoverflow lurker as i am not a straight up IT Pro - but am technical in nature. Can't wait to lurk here. I had no idea about the whole SAM removal... can't wait to explore that further...
@DustinB3403 You can now google, "spiceworks layoffs" and a lot of topics will come up. They had to file with WARN because they laid off so many people... https://patch.com/texas/north-austin/austin-based-tech-firm-spiceworks-inc-lay-59-workers
They stated 59, but I believe it was actually closer to 80. If you read about warn, 59 is the minimum amount of employees they had to terminate to trigger WARN.