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> Intuit will also close offices in Boise, Idaho and Edmonton in Alberta, Canada where more than 250 employees work. They acquired a profitable company, TSheet
by reducesuffering 2y ago
> Intuit will also close offices in Boise, Idaho and Edmonton in Alberta, Canada where more than 250 employees work.
They acquired a profitable company, TSheets Boise, and then just layoffed the entire thing years later? Product acquired so screw the people that built it?
- klyrs 2y agoSeven years after the merger, one year after the founder attempted a murder/suicide? Not sure what you expected here.
- nequo 2y agoWait, what do you think that event reveals about TSheets? Rissell would already have cashed out by then, wouldn’t he?
- klyrs 2y agoYou're not getting the band back together. I've never heard of an organization surviving more than about a year after being acquired, much less get preserved by a parent company in its death throes. If there was any chance of that happening, it'd take morale and unity behind a long-respected leader, plus a ton of cash to de-acquire the company.
- justsomehnguy 2y ago>> In 2006, Rissell co-founded TSheets, a digital time-tracking and employee scheduling application for web and mobile applications. The local firm worked closely with California-based Intuit Inc. for several years before the latter bought TSheets in December 2017 for approximately $340 million.