AM I NEXT? NO LOVE AT NEW RELIC (08/19/22)

AUGUST 19, 2022 — MORE RESTRUCTURING WITH 90 LAYOFFS

From the company’s 8-K Securities and Exchange Commission filing…

On August 17, 2022, the Board of Directors of New Relic committed to a restructuring plan to realign its cost structure with its business needs as the Company moves to focus its resources on top priorities. In connection with the restructuring plan, the Company will be reducing its workforce by approximately 90 employees in the United States, and up to 20 internationally.

APRIL 19, 2021— Original post…

San Francisco, California-based New Relic, a cloud-based analytics and performance software developer, is continuing their restructuring efforts to compensate for lower revenue streams, increasing costs, and a business model change from a subscription model to pay for what you use consumption model. The restructuring will impact 160 employees.

According to a Securities and Exchange Commission filing...

"The company has committed to a restructuring plan to realign its cost structure to better reflect significant product and business model

innovation over the past 12 months. The Company expects that go-to-market operations in its new consumption-based business model will be more efficient, thus requiring less investment, than in its former more traditional subscription model.

In an effort to eliminate historical barriers to product adoption, the Company is making adjustments to increase its emphasis on overall product experience and reorient its sales organization around customer success. In furtherance of this strategy shift, the Company intends to reallocate some spending to increase its investment on research and development.

The Company believes these initiatives will better align resources to provide further operating flexibility and position the business for its long-term success. In connection with the restructuring plan, the Company will be reducing its workforce by nearly 120 employees in the US, and up to 40 internationally."

Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?

AM I NEXT? NO LOVE AT IVANTI

South Jordan, Utah-based Ivanti, an IT software company producing software for security, service management, asset management, and supply chain management, has announced that scheduled layoffs will impact two recently acquired companies.

Mountainview, California-based MobileIron, a provider of unified endpoint and enterprise mobility management software for mobile devices, has confirmed that several of its top executives will not be joining Ivanti. The separations will impact 75 employees, including MobileIron's CEO, CFO, chief information officer, and chief people officer.

Likewise, the San Jose, California-based Pulse Secure, a provider of secure computer connectivity solutions will layoff 78 Pulse Secure employees including the company's CEO, chief financial officer, chief marketing officer, chief product officer, and chief revenue officer. Separations are scheduled to occur between the end of January 2021 and the beginning of March 2021.

Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?

AM I NEXT? NO LOVE AT NS8

Las Vegas, Nevada-based NS8, a software company specializing in real-time fraud protection for online marketing systems, has announced that it has experienced "sudden and unforeseen circumstances" resulting in approximately 244 employee layoffs, including 75 in Las Vegas, commencing on September 11, 2020.

"This reduction in force is necessitated by sudden and unforeseeable business circumstances. As a result of these circumstances, NS8 has been forced to rapidly reevaluate its workforce, operational needs, and lines of business, and to quickly reduce operating costs Due to these c1rcumstnnces, all of which was outside of our control, we made the difficult decision to significantly reduce the business. This will result in the elimination of a significant number of roles, including your own. While we would have preferred to give you more advance notice of this decision, we were not in a position, 60 days ago, to anticipate the sudden change to our business circumstances, nor the decisions necessitated by them. We are therefore not able to provide you with 60 days advance notice of this reduction in force, and are providing you with as much notice as 1s reasonably practical."

"In light of this reduction in force, NS8 hereby waives the restricted covenants in your employment
agreement that concern non-competition and the solicitation of employees, consultants, and other
parties. All other contractual obligations set forth in your employment agreement, including those pertaining to confidentiality and intellectual property, remain in place."

Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?