2.0
Aug 7, 2014
Anonymous employee
Former employee, more than 1 year
Austin, TX
Recommend
CEO approval
Business Outlook
Pros
Bought growing companies (Anue and Breakingpoint) in Austin two years ago as part of an expansion plan. Acquired large Austin presence and strong sales, engineering and management teams through these acquisitions.
Cons
Company pumped the stock up based on rosy projections last year just before heavy selling of shares by senior execs. Stock then crashed more than 50% leaving stock options and ESPP shares underwater. ~100 people were laid off last week. Talented employees who weren't laid off are leaving. Not a pretty picture.