Mass layoffs are currently occurring at Anaplan, a major business software company, following its acquisition by buyout firm Thoma Bravo in a $10.4 billion deal last year. Multiple insiders and posts on the corporate message board Blind indicate that hundreds of workers have been affected by the layoffs. Some employees have expressed frustration, blaming Thoma Bravo for the decline of the company since going private. Remaining employees are also concerned about internal politics and job security. Thoma Bravo, led by billionaire Orlando Bravo, had previously held talks with Elon Musk about a joint takeover bid for Twitter but ultimately decided to acquire Anaplan alone. Thoma Bravo is a significant player in software investment with over $127 billion in assets under management. Critics claim that Thoma Bravo’s leadership changes and cost-cutting measures have caused friction among long-time employees. At the company’s San Francisco headquarters alone, 119 employees have been laid off, according to a California WARN notice filing. The layoffs have affected various roles, including software engineers, copywriters, and security analysts. Sources estimate that the total number of layoffs is at least 300 employees. Anaplan has offices in the US, UK, Germany, France, and Israel and employs around 2,000 people globally. Representatives from Thoma Bravo and Anaplan have declined to comment on the matter. Some affected employees have confirmed their job loss on LinkedIn, expressing disappointment and shock. Impacted workers were informed of the layoffs during a Zoom call with senior managers and HR representatives. Employees have discussed the layoffs on platforms such as Blind, expressing concerns about the impact on the platform’s quality and the short-term and long-term effects of the layoffs. Thoma Bravo acquired Anaplan for over $10 billion in an all-cash transaction, with stockholders receiving $63.75 per share. It remains to be seen how these layoffs will affect Anaplan’s future, but Thoma Bravo expressed optimism about partnering with the company’s leadership team to drive sustainable value.
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