1.0
Sep 18, 2015
Anonymous employee
Current employee, more than 5 years
Petaluma, CA
Recommend
CEO approval
Business Outlook
Pros
None now that Cyan has been acquired by an out-of-touch company. The environment under the acquiring company is dreadful. We're all still searching for the pros.
Cons
Cyan's now-gone CEO totally blundered the company after our IPO. He burned through every cent raised from the IPO, got himself richer in the process, and then set us up as an acquisition target. Ciena purchased Cyan for a song. Rumor on the street is that our less-than-honest CEO banked over $5 million in the deal. Most of the Cyan employees felt lucky if Ciena didn't involuntarily terminate them. There have been plenty of involuntary terminations. The severance package is a disgrace. No more than two month's pay. Shameful.