Another company turned into a Thoma Bravo strip mine
Pros
Wonderful people, good compensation at time of hiring (which pre-dated the TB acquisition), a product positioned well for the times
Cons
The place has turned into a SaaS goat rodeo. There's clearly a deranged belief that they can cut their way to profitability, which is removing any chance of the company delivering for its customers. Offshoring engineering in a competitive space? We constantly say our customers need to be more agile, but we're now less able to respond to their needs or to competitors' moves. Innovation is a thing of the past. If you're planning to sell the IP you paid for, Thoma Bravo, you'd better do it quick. Meanwhile, the new leadership spent a major part of the first quarter coming up with new "company values," which are a complete farce. If you're going to demolish the company culture, people aren't going to be distracted from that by a corny acronym and the use of the word "empathy" every other sentence. The company was challenged with some pretty formidable goals at the start of the year, and some parts of the organization are on target to exceed those goals. But that doesn't actually matter - layoffs and cost-cutting are more important to Thoma Bravo than actual success. They purchased an amazing asset in the people at the company and threw it away.