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Splunk to cut workforce by 7% after cisco deal

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Re: Splunk to cut workforce by 7% after cisco deal

#81

Post by tiffanyh »

nova22033 wrote: post #78
tiffanyh wrote: post #61

CFO's will follow suit and Wallstreet will begin to expect tech to make cuts ... It's getting noticed that Twitter/X reduced it's staff by 80%, and also reduced it's cloud spend by 60% ... and there hasn't been any material change to their business. Some might argue that Twitter/X has been able to innovate faster as a result. Now I'm not suggesting that FANG is going to layoff 80% overnight. But I wouldn't be surpris…

and there hasn't been any material change to their business. The business is worth less half of what Musk paid for it. And that's his estimate of the value.

Twitter's valuation dropped more than 32%+ below the price Elon offered to acquire it for (prior to purchase).

That's the only reason why Twitter forced him to honor his offer.

So it's a mischaracterization to state the value of Twitter halved while on Elon's watch.

https://www.cnbc.com/2022/07/11/twitter-shares-sink-after-el...

Re: Splunk to cut workforce by 7% after cisco deal

#82

Post by saos »

nxm wrote: post #40
ThrowAway1922A wrote: post #11

Earlier quoted context omitted.

And for some reason we as employees continue to let companies abuse us, despite having the option to fight back. I am so bitter and jaded when it comes to this entire system.

Fight back by starting your own company then

And the cycle continues. Maybe they are talking of unionising

Re: Splunk to cut workforce by 7% after cisco deal

#84

Post by kjs3 »

toomuchtodo wrote: post #4
steveBK123 wrote: post #2

Typical post deal RIF, but bigger question - what do people think of the "observability" space from here? My sneaking suspicion is that outside vertical integrations like this.. they are going to see some revenue issues in this downturn. Outside of huge FAANG infra, paid observability seems like a "nice to have" rather than a "must have".. the type of thing you cut before you cut engineering staff, and extend your ru…

I get to peak into a few different financial services org's IT strategies (and where infosec overlaps) and in every org I have seen ruthless cutting (hundreds of millions of dollars in one case) if there is any hint of overlap or the ability to go without. Have also seen aggressively playing VARs/reseller off of each other to drive down cost. I would not want to be someone attempting to GTM in this space right now un…

in every org I have seen ruthless cutting (hundreds of millions of dollars in one case) if there is any hint of overlap or the ability to go without

Can confirm; I'm on a team doing this analysis right now. And, frankly, it's a really good idea.

When I started asking questions like "why do we have 4 different proxy technologies solving the same use case", "why are we using an on-prem solution over here and a SaaS over there to do the same thing" and "why are you buying this tool when we have an MSA with one of their competitors that will save us 60% on the licensing", it was enlightening. Occasionally, there was a really good reason ("it has feature X which makes us Y percent more efficient"...ok, that makes sense) but almost always we got something like "I didn't know anyone was using Product D when we purchased Product E".

I dunno if it's going to be 100s of millions in savings, but we're definitely going to see 10s of millions.

Have also seen aggressively playing VARs/reseller off of each other to drive down cost.

Hey now...that's the fun part.

Re: Splunk to cut workforce by 7% after cisco deal

#85

Post by eschneider »

tedivm wrote: post #6

Cisco buying your company should be considered a worst case scenario for most employees. The important thing to remember is not to trust a word they say. I was at Kenna Security when Cisco bought them (I was only there for a month too, so Kenna hired me knowing the purchase was going to happen). They lied through their teeth about the process. They promised every resume would be reviewed for leveling, but then gave o…

In any M&A situation, you want to start looking for a new job ASAP. They don't _always_ turn out bad, but they often do, and you want to be in a position where you have options.

Re: Splunk to cut workforce by 7% after cisco deal

#86

Post by asfasfo »

tiffanyh wrote: post #61

CFO's will follow suit and Wallstreet will begin to expect tech to make cuts ... It's getting noticed that Twitter/X reduced it's staff by 80%, and also reduced it's cloud spend by 60% ... and there hasn't been any material change to their business. Some might argue that Twitter/X has been able to innovate faster as a result. Now I'm not suggesting that FANG is going to layoff 80% overnight. But I wouldn't be surpris…

> and there hasn't been any material change to their business.

Their revenue has halved. That's pretty material.

Re: Splunk to cut workforce by 7% after cisco deal

#89

Post by ryanisnan »

orochimaaru wrote: post #7
steveBK123 wrote: post #2

Typical post deal RIF, but bigger question - what do people think of the "observability" space from here? My sneaking suspicion is that outside vertical integrations like this.. they are going to see some revenue issues in this downturn. Outside of huge FAANG infra, paid observability seems like a "nice to have" rather than a "must have".. the type of thing you cut before you cut engineering staff, and extend your ru…

It’s hard to get application performance monitoring (APM) tools using FOSS because of the complexity of writing libraries. You could ideally work most things with FOSS. Use opentelemtry extensions to a time dries DB of your choice. Use elk or opensearch for logs, osquery for Linux, native cloud monitoring tools that come out of the box, etc. Problem is it takes a lot of setup and maintenance. It can bite you back in…

> fluentbit daemon is hung and no logs came through

Are you talking to me?

Re: Splunk to cut workforce by 7% after cisco deal

#90

Post by geodel »

marcosdumay wrote: post #56
orochimaaru wrote: post #7

Earlier quoted context omitted.

It’s hard to get application performance monitoring (APM) tools using FOSS because of the complexity of writing libraries. You could ideally work most things with FOSS. Use opentelemtry extensions to a time dries DB of your choice. Use elk or opensearch for logs, osquery for Linux, native cloud monitoring tools that come out of the box, etc. Problem is it takes a lot of setup and maintenance. It can bite you back in…

Or you can spending a day or two creating enough things to track the "end to end" numbers and debug problems the hard way when they appear. Modern APM is completely out of proportion, and most people that use it do absolutely not get enough benefit for paying for those systems. My impression is this is yet another of those Gartner-created hypes that survive as a meme on the high-management minds and don't survive tou…

> My impression is this is yet another of those Gartner-created hypes...

Bang on!

Its part of same buzzword bullshittery of Kubernetes/ Cloud native / Micro services / observability and so on. Create an out of proportion tech stack that no one would understand and then one needs these APMs to monitor "p99 latencies" because who the fuck knows now on how incoming http request will get processed.

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