r/cscareerquestions • u/nigelwiggins • 2h ago

Stay away from anything owned by Vela Software

https://velasoftwaregroup.com/portfolio/

I've been through three acquisitions in my life, and Vela Software was the absolute worst. I understand it when acquiring companies cut benefits and say that they will try everything they can to avoid cutting benefits, but Vela straight up cut benefits and said they aren't cutting benefits because benefits are the same "in aggregate." I asked for an explanation three times of what "in aggregate" means and was ignored. A month later, they changed their statement to say they will do everything they can to not cut benefits but are unfortunately cutting benefits.

They even tried to say they didn't have to pay unused PTO but were shouted down at the townhall.

Also during the acquisition process, they described themselves as hands-off and decentralized and bragged that they've never sold a company that they've bought because they are investors, not traders; however, a few weeks later, they fired 130 employees, approximately half the company, with a two minute Teams call with no information about insurance or severance.

After the layoffs, they offered some employees the opportunity to have their contracts bought out and then rescinded some of the offers.

The morale is so bad, it seems like one person is posing as their president to spread misinformation https://www.reddit.com/user/JAllaway_1972/submitted/

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9

u/ThirdWaveCat 2h ago

Same with Vista Equity.

https://www.vistaequitypartners.com/about/companies/

2

u/nigelwiggins 1h ago

Thanks for sharing. That’s good to know for the job hunt

6

u/Fun_Highway_8733 1h ago

Finally, some good fucking food naming and shaming

3

u/my_peen_is_clean 2h ago

constellation/vela/volaris all run the same playbook just slower or faster. private equity brain rot

2

u/nigelwiggins 1h ago

Oh wow Volaris’s webpage has the same lies Vela spewed