3 ms·

Private equity firm, huh? First round of layoffs w/in 6 weeks.

• raincom 11y ago
  yeah, thats what happened at TIBCO. They got trim it right away.
  • johan_larson 11y ago
    Informatica, too.
• curun1r 11y ago
  From what I've heard, the Quicken team is already pretty trim. It's just not growing and not in the cloud, so it doesn't align with Intuit's overall goals. The private equity basically just bought a discount annuity. FWIW, they didn't reveal the terms, but they did say that they expected around $500m from all three divestitures, and Quickbase and Demandforce are bigger.
  • Tempest1981 11y ago
    Yep. I read that they doubled the size of their Mac team. My first thought was, "what, from 1 to 2?" Anybody happen to know how big the Quicken team is?
    • curun1r 11y ago
      Intuit holds an annual internal developer conference (CTOF) and it appeared that the contingent from Quicken all sat at one lunch table. Probably between 10-20 devs, though I guess it's possible some didn't attend.