Thoma Bravo lays off 40% of Foreflight engineering staff

[BurnieM]

https://www.flyingmag.com/foreflight-confirms-layoffs-disputes-reported-numbers/

 

Thoma Bravo lays off 40% of Foreflight engineering staff

Appears that this work will be offshored. Several ex-staff commenting on minimal notice and zero handovers.

 

OzRunways next ?

 

[sfGnome]

Welcome to Venture Capital takeovers… 🫤

[skippydiesel]

6 minutes ago, sfGnome said:

Welcome to Venture Capital takeovers… 🫤

Yes.

Rarely results in a more effective organisation but thats not what the takeover people are about.😈

[Moneybox]

2 hours ago, BurnieM said:

https://www.flyingmag.com/foreflight-confirms-layoffs-disputes-reported-numbers/

 

Thoma Bravo lays off 40% of Foreflight engineering staff

Appears that this work will be offshored. Several ex-staff commenting on minimal notice and zero handovers.

 

OzRunways next ?

 

They might not need all those smart people now that AI is making so many decisions.

 

I received an email from our real estate agent in Geraldton stating that we must employ the services of an electrician. I have just asked for the Gyprock ceiling to be replaced in a two bedroom duplex. We have to have an electrician to disconnect the three wires from the ceiling light. A very complex job for any half witted tradesman. We simply don't have well trained people in the workforce any more. 

 

Perhaps Foreflight recognised the true value of some of these employees a realised they'd be better off without them.

[BurnieM]

3 hours ago, Moneybox said:

They might not need all those smart people now that AI is making so many decisions.

 

I received an email from our real estate agent in Geraldton stating that we must employ the services of an electrician. I have just asked for the Gyprock ceiling to be replaced in a two bedroom duplex. We have to have an electrician to disconnect the three wires from the ceiling light. A very complex job for any half witted tradesman. We simply don't have well trained people in the workforce any more. 

 

Perhaps Foreflight recognised the true value of some of these employees a realised they'd be better off without them.

I think you are mixing up 2 separate issues.

 

The wiring issue is because the Gyprock business owner would be kicked in the nuts by his insurance provider so you end up paying for a second tradesman to come out (travel time included) to perform a small second job. His insurance company does not care and the state government says he is being safe so...   ... your problem.

 

The only people who currently know the value of the Foreflight software engineers are the managers of the software teams and they are eiher gone or will be soon. The 'business management team' will find out in 12-18 months when they have to sell the whole business off at 5c on the dollar. Dumb and dumber and it will happen again.

 

Edited 16 hours ago by BurnieM