Does anyone use New Relic here? I've seen a couple of jobs posted from them on LinkedIn recently but not sure of the companies current status in the market. Where does it fit in against splunk and datadog etc?
Splunk to cut workforce by 7% after cisco deal
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Re: Splunk to cut workforce by 7% after cisco deal
#112CFO'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…
I would pay money to never see X used as an example of how to run your business ever again
Re: Splunk to cut workforce by 7% after cisco deal
#113Does anyone use New Relic here? I've seen a couple of jobs posted from them on LinkedIn recently but not sure of the companies current status in the market. Where does it fit in against splunk and datadog etc?
New Relic was amazing when I used it a few years ago. One of the few products I’ve been seriously impressed by. It is expensive but seems worth it. They had very good support for async tracing, much better than splunk and Open Telemetry at the time.
Their graph and front end tools were just seamless to use. It was a very well done product.
Re: Splunk to cut workforce by 7% after cisco deal
#114Typical 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…
> what do people think of the "observability" space from here?
They're all effectively surveillance systems with extra steps. The Network itself is always listening.
Re: Splunk to cut workforce by 7% after cisco deal
#115Earlier quoted context omitted.
It's a classic "dev tooling" play that struggles in downturns. - Company wants to save money, tells team they're cancelling service that costs them $20k/month to observe their production env. - Dev team starts building small parts they need anyways, chews up significant engineering resources. - Company now pays more for highly custom solution no one can compete with. If the company ends up being successful, they'll p…
Argument to be made that it may be a better outcome anyway. Custom solution no one can compete with. Engineers usually have some wiggle room to build things they find interesting & useful in their 10% time. You build the parts that are most urgent as they come up..
Where is this mythical place with 10% time to muck around?
Or is that the 10% of after 9-5 free time you're talking about?
Re: Splunk to cut workforce by 7% after cisco deal
#116Does anyone use New Relic here? I've seen a couple of jobs posted from them on LinkedIn recently but not sure of the companies current status in the market. Where does it fit in against splunk and datadog etc?
New Relic was amazing when I used it a few years ago. One of the few products I’ve been seriously impressed by. It is expensive but seems worth it. They had very good support for async tracing, much better than splunk and Open Telemetry at the time. Their graph and front end tools were just seamless to use. It was a very well done product.
This seems to be the impression I've gotten from the little research I've done but other names are ringing out more in the general chats I've seen, I'm just not clear why.
They're also in the middle of being acquired by Fransisco Partners and TPG. I'm not sure what to expect there... cuts or restructuring would leave me pretty exposed if I moved there in the recent future but it seems like a good place with a bright future... Decisions decisions!
Re: Splunk to cut workforce by 7% after cisco deal
#117Earlier quoted context omitted.
> what do people think of the "observability" space from here? I don't think it's cut entirely, but when you're looking at your cloud spend, it's got a target painted on it. It doesn't produce revenue on its own, so people will ask a lot of "do we really need X" or "can we lower retention."
100%. Obs tools are still needed for debugging, incident recovery and just being able to make better products, but there is a lot of optimization going on. The market still does seem big. Datadog is needlessly very expensive and the experience is just ok.
The experience (other than the sales process) is great.
Re: Splunk to cut workforce by 7% after cisco deal
#118Does anyone use New Relic here? I've seen a couple of jobs posted from them on LinkedIn recently but not sure of the companies current status in the market. Where does it fit in against splunk and datadog etc?
They delisted and got acquired by Francisco Partners and TPG recently. They aren't doing that hot because Datadog and (surprisingly) Splunk has a stronger vision. They have a pretty nice rolodex though, so it's a good PE move. Bad as an employee.
Re: Splunk to cut workforce by 7% after cisco deal
#119Earlier quoted context omitted.
I don't totally disagree but the consequence would be 80% of VC investment vanishing overnight and a whole class of founders just not bothering. The chance of a successful IPO is faaaaar less than "bigcorp wants you to go away, so here's some $$"
Where would the VCs put their money instead? NFTs?
VCs are given money by larger investors to play around with finding the next Oracle/Facebook/Uber/etc. If VCs have nowhere to invest or VCs mess up a fund, LPs will ask for their money back and invest elsewhere. This is what happened to Softbank, though they ended up having the last laugh, thus cementing the fact that Mayaoshi Son is our industry's Sheogorath.
Re: Splunk to cut workforce by 7% after cisco deal
#120Cisco 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…
This isn’t a Cisco thing - it’s M&A in general. The sellers need to maintain the appearance of growth before the sale, and the buyers want to rationalise costs. Once they have the IP, or have successfully eliminated the competition through acquisition, those in the old company are really just numbers in an hr system.
M&A of stagnant businesses, yes. Cisco, Oracle, and private equity are acquirers to worry about. They buy after growth has stalled and milk users that have high switching costs.
Acquirers of growing businesses generally want that growth to continue and can "optimize" by hiring less.