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Jumped the Shark

Engineer
Current Employee
Has worked at Proofpoint for 6 years
June 5, 2024
3.0
Doesn't RecommendNegative OutlookDoesn't Approve of CEO
Pros

Lots of smart and caring team players are still here.

Great product.

Cons

Since being purchased by Thoma Bravo, investment in people and resources has been crushed. Since the new CEO was brought in Dec 2023, the hatchet job really started. After record quarters during a record year, they did layoffs and are moving jobs overseas to save money. We see critical product outages daily now as the brain drain is impacting service. It is just a matter of time until customers notice and start leaving.

Advice to Management

Quit letting an investment firm call the lots.

Sadly, they own the company so they can destroy it until they cash out in their IPO then it will take a decade or more to rebuild what was once a great company to be part of.

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