Massive lay-offs in the R&D department at ThoughtSpot today
There has been a steady stream of layoffs throughout 2020-2022 and today was a big one. I wouldn't be surprised if bunch more people get laid off or leave on their own terms in the coming weeks/months. #layoff
are they firing for IPO concerns or what? I heard they are doing great with revenue recently. This really came out of the blue
Yeah it caught everyone by surprise. They let go some very high performers in the company, which was absurd. They said it had nothing to do with the IPO but rather wanted to put more headcount on the product/feature that brings in the high revenue.
They said it's because of restructuring the teams. Will hire aggressively in other teams.
Was it mostly Diyotta acquisition employees?
I call BS. They could have moved most of the staff to those new teams. But now they want to rehire the lost headcount? Makes no sense to me. My bet is on the equity they win back by firing them and give out weak equity packages to the new employees in the future.
Just look at how many people have left these past 6 months and who left that should say something about the company.
DM for vmware referral
Who all got fired? Any Bangalore RnD Engineer?
Yes...many!
Ex thoughtspot engineer here. Dm for atlassian referral.
They fired a few good engineers, the erstwhile office receptionist is still on the payroll in the remote working setup.
I heard that they fired again! True?
Not that i'm aware of? We were hiring a bunch of people the last time i checked.
Which roles?
Is anyone aware of the current scenario at thoughtspot? Looks like they are hiring right now, and a couple of their roles look interesting
Rip they were at series F too
F stands for "Fired"