Private Equity takeover resulted in mass redundancies and attrition - Software Developer MYOB Employee Review

Mass redundancies Loss of strong technical talent due to redundancies / attrition Seemingly no clear direction Moving to a model where most of the development work is done by external contracting companies both domestically and internationally (China) Untruthful management - during the redundancy period, employees were told that no decision was final and that there would be a consultation period. However prior to this date, the CEO had already confirmed to the media that redundancies had taken place.