full of sorrow and pain - Software Engineer Jaggaer Employee Review

The company was bought out a few months ago by an equity investment company, AKKR. Now we have a bunch of new managers that are cleaning house. They fired the executive team, a large number of managers across departments, marketing, sales, development, etc. They fired a number of people that have been here for years. The new managers are trying to trim as many people as possible to make the company much leaner. They flat out told us at the beginning of the acquisition that they want to make 50% of the developers here and 50% in South America. They seem to be prepping us to be flipped, so if you want to work somewhere and be a stepping stone to someone else's greater financial glory, this is the place for you. The equity company has a list of past conquests of theirs on their website. I can only assume that the SciQuest employees are not the first, nor will we be the last.