Thoma bravo has recently acquired proofpoint. Should I not even entertain the idea of a job offer with them anymore? Anyone have any insight on a thoma bravo company and if everyone is about to jump ship??
The deal just completed this week with us. Nothing has changed in terms of leadership or daily work. However, Thoma Bravo does not have good repo with other aquisitions they have done in the past. A quick google search will give you a lot of material.
I did do a Google search and didn't find much. Could you please elaborate about how they screw employees?
https://www.thelayoff.com/t/NdgZsEX Just to be clear, Proofpoint didn’t yet get impacted with TB force reduction etc
Keep looking. I would not recommend working for a Thoma Bravo owned company if you take pride in your work and want to create good products.
Friend got a mid-level engineer position out in Sunnyvale post-acquisition
Are you currently working at PP? Any uncertainty inside the company after acquisition ?
Personally, I'm not worried. If they lay me off, I get all my options paid in cash the day that I leave. Kinda hoping I get payed off lmao. Sad that the ESPP is gone, but we may know more about them doing potential pay restructuring in the next month or so since there isn't true equity anymore for new employees, etc
I accepted the offer before acquisition completed, so got around 450 RSUs(4 yrs vesting), is it good?
Got 480 on SWE I when stock was ~96 in December. Buddy got 240 as SWE I last month.
I see, in my case it’s ~450*176
Base $157k, 4+ YOE - Software Engineer role, tho I was expecting Senior role but they said Manager will give me promotion after seeing my work in 3-6 months
Base seems to be ok, RSU might have 100-150+ more in total.
Any news on layoffs or management changes after acquisition is completed?
Nothing so far. We should know about comp restructuring at the end of the month. I'm assuming they will install a new program to replace ESPP and what the replacement program is for top performer equity grants is.
Any news on comp restructuring?
Town hall today made it seem like the only changes will be substitutions for ESPP, performance equity, and new hire equity. No salary changes for existing employees. They did say we hit 100% on our company multiplier for bonuses, so any additional revenue for all of Q4 will increase our bonus multipliers
Any layoffs happened in proofpoint?
Yep, just had the first
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Thoma Bravo... Likely means no major changes for the first year. Then massive cost cutting, layoffs and likely a change in their executives. Source: been thru this with them before. You have time but change will come within 1-2 years.
Thanks for this insight. Do you know if equity held in the company would be something useful in the future? I'm at a TB acquired company.