thoma bravo proofpoint layoffs thoma bravo proofpoint layoffs

As of Dec. 31, 2018, Ellie Mae had about 1,570 employees . 51 reviews from Proofpoint employees about Proofpoint culture, salaries, benefits, work-life balance, management, job security, and more. The cybersecurity and compliance firm Proofpoint has announced that it has entered into a definitive agreement to be acquired by Thoma Bravo in an all-cash transaction which values the. In 2019, Bravo became the first billionaire born in Puerto Rico. Bonuses will be paid af 100%, Did you guys meet sales target? Sometimes, CEO and other executive replacements occur. Small Business Solutions for channel partners and MSPs. Last year, it bought ProofPoint for $12.3 billion. Deliver Proofpoint solutions to your customers and grow your business. 2/ That Thoma Bravo is the suitor is likely no coincidence; they're set to also acquire fellow identity security company SailPoint in the second half of 2022.Betting they combine $PING and $SAIL then bring them public as a bigger, stronger business down the road. Were there stocks given?#ellieMae #sophos #medallia #apptus #dynatrace #sirius #venafi, Go to company page We believe that as cyber threats continue to evolve, Proofpoints people-centric security and compliance strategy along with its innovative product suite will allow Proofpoint to drive significant growth and offer protection to even more customers as a private company.. But lots can change from now til close, so Im curious whether this will *actually* happen or end up getting replaced with some sort of synthetic stock options. Accordingly, there are or will be important factors that could cause actual results to differ materially from those indicated in such statements and, therefore, you should not place undue reliance on any such statements and caution must be exercised in relying on forward-looking statements. The company said this. Thoma Bravo is buying out Ping at a value of $28.50 per share, a 63-percent premium from the stocks price prior to the announcement. In a deal described as underlining its status as a powerhouse in the sector, cyber security and compliance company Proofpoint is to be acquired by private equity (PE) firm Thoma Bravo. In February 2020, Dell announced that RSA security would be sold to PE firm Symphony Technology Group for $2.075 billion. Skyview Capital announced the acquisition of Fidelis in January 2020. Private equity firm Thoma Bravo on Monday announced it had signed a definitive agreement to acquire the cybersecurity and compliance firm Proofpoint in a $12.3 billion all-cash deal. Thoma Bravo's blank-check firm has reached an agreement to take app software company ironSource public through a merger that values the combined business at $11.1 billion. He was a Research VP at Gartner. Revenue was $287.8 million, up 15 percent compared to Q1 of 2020. The Rating Outlook is Stable. We are looking forward to working closely with Gary and the Proofpoint team to leverage Thoma Bravos deep cybersecurity expertise to help propel the companys continued innovation and growth. thoma bravo acquisitions layoffs . Financial policies are expected to be aggressive as highlighted by the high leverage at closing and significant restructuring plans. Jun 3, 2022 Elon Musk says Tesla will lay off 10% of its salaried employees. Source: been thru this with them before. There will be a layoff but there will be opportunities if youre good and you stay. It finally ended up as part of a portfolio of products at Trustwave, an MSSP in Chicago. Thoma Bravo has agreed to take cyber security company Proofpoint private in a $12.3bn deal, as the technology-focused private equity firm continues its push for bigger deals. SUNNYVALE and SAN FRANCISCO, Calif., August 31, 2021 Thoma Bravo, a leading software investment firm, and Proofpoint, Inc. (Proofpoint), a leading cybersecurity and compliance company, today announced the completion of Thoma Bravos acquisition of Proofpoint for approximately $12.3 billion in cash. Thoma Bravo recently purchased SailPoint for a second time for $6.9 billion. Transaction Is Expected to Close in Third Quarter of 2021SUNNYVALE, Calif., June 10, 2021 (GLOBE NEWSWIRE) -- Proofpoint, Inc. (NASDAQ: PFPT), a leading cybersecurity and compliance company, today announced the expiration of the 45-day "go-shop" period under the terms of the previously announced definitive agreement, pursuant to which Thoma Bravo, a leading private equity investment firm . Thoma Bravo recently acquired Realpage and more than 10% was laid off during the 1st round, a 2nd round just laid off 600 more people. RealPage It was great until Thoma Bravo Glassdoor, Dynatrace Employee Reviews about thoma bravo Glassdoor, My company has been acquired by Thoma Bravo. It isn't clear yet what Thoma Bravo has planned for Ping Identity and SailPoint. Thoma Bravo has just cut one of the largest-ever checks by a private equity firm to fund its $12.3 billion purchase of cybersecurity company Proofpoint. The payout comes to a little more than eight times sales, Nowinski noted, while fellow cybersecurity company CrowdStrike Holdings Inc. (CRWD) trades at about 23 times sales. Can I Be Laid Off While On Workers Compensation? The Thoma Bravo-Proofpoint deal will be the largest acquisition in cybersecurity history, beating out Broadcom's $10.7 billion purchase of Symantec in August 2019, Intel's $7.6 billion buy of . Offers may be subject to change without notice. But attrition has been all time high, and then they put hiring freeze. Anaplan, Go to company page Manage risk and data retention needs with a modern compliance and archiving solution. In the latest development, private equity giant Thoma Bravo is buying Proofpoint, the SaaS security vendor, for $12.3 billion in cash. Now that it has been taken private by Fortress Investment Group LLC, it will continue to be a thorn in the side of any cybersecurity company deemed to be infringing on its patents. San Francisco, CA 94105 +1 (415) 263-3660. Connect with us at events to learn how to protect your people and data from everevolving threats. Thoma. Important risk factors that may cause such a difference include, but are not limited to: (i) the impact of the COVID-19 pandemic on Proofpoints business and general economic conditions; (ii) Proofpoints ability to implement its business strategy; (iii) potential litigation relating to the transaction; (iv) the risk that disruptions from the transaction will harm Proofpoints business, including current plans and operations; (v) the ability of Proofpoint to retain and hire key personnel; (vi) potential adverse reactions or changes to business relationships resulting from the completion of the transaction; (vii) legislative, regulatory and economic developments affecting Proofpoints business; (viii) general economic and market developments and conditions; (ix) the evolving legal, regulatory and tax regimes under which Proofpoint operates; and (x) unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism or outbreak of war or hostilities, as well as Proofpoints response to any of the aforementioned factors. People may receive compensation for some links to products and services on this website. April 26 (Reuters) - Private equity firm Thoma Bravo said on Monday it would buy Proofpoint Inc (PFPT.O) in an all-cash deal that valued the cybersecurity firm at about $12.3 billion, at a. The pair began to move Dynatrace from selling database. Customers end up with less support for the products they purchased. They just laid off hundreds of people 30 days before the fist big vest. Thoma Bravo's transactions nonetheless embody layoffs (usually 10% or extra of employees) and outsourcing, shifting operations to international locations Thoma Bravo Completes Acquisition of Proofpoint https://www.thomabravo.com/press-releases/thoma-bravo-completes-acquisition-of-proofpoint Andy MacMillan, CEO, UserTesting, poses for a portrait at the UserTesting headquarters in San Francisco, California on . Can I Be Laid Off While On Workers Compensation? Finjan has a storied past. Marketing is drastically , Ellie Mae announces layoffs of 10% of its staff, May 20, 2019 Ellie Mae recently completed restructuring its team after its acquisition by Thoma Bravo , a move that includes the layoff of about 10% of , https://www.ft.com/content/456f2fd7-f868-4ea6-abd7-fce34e783333, Dec 6, 2021 Thoma Bravos deals still involve lay-offs often more than 10 per cent of staff and outsourcing, shifting operations to countries with low . Can I Be Laid Off While On Workers Compensation? Read the release on the PR Newswire website here. Trustwave was, in turn, acquired by Singtel in 2015. In this context, forward-looking statements often address expected future business and financial performance and financial condition, and often contain words such as expect, anticipate, intend, plan, believe, could, seek, see, will, may, would, might, potentially, estimate, continue, expect, target, similar expressions or the negatives of these words or other comparable terminology that convey uncertainty of future events or outcomes. Proofpoint has become the latest sizable tech vendor to succumb to private equity after Thoma Bravo succeeded in its $12.3bn grasp for the infosec giant. Under the . Its recent $12.3 billion purchase of Proofpoint, . In a time of rising layoffs and cooled jobs market outlooks, employees of recently acquired companies may be wondering whats next. Overview of Thoma Bravo's Acquisitions All Acquisitions : 63 [View Details] Latest Acquisitions : Is bonus performance based or based on ebidta. He has held leadership roles at PwC, Webroot Software, Fortinet, and Blancco Technology Group. Thoma Bravo always does a 15-20% RIF a few months after the deal closes. It was then called Raytheon|Websense. Raytheon continued acquiring technologies, including both Stonesoft and Sidewinder, network firewalls that ended up in the hands of Intel after they acquired McAfee, which had, in turn, acquired them when they bought Secure Computing. DENVER , August 3, 2022 / PRNewswire / -- Ping Identity (NYSE: PING), provider of the Intelligent Identity solution for the enterprise, today announced that it has entered into a definitive agreement to be acquired by Thoma Bravo, a leading software investment firm, for $28.50 per share in an all-cash transaction valued at an Enterprise Value . The firm, known for its investments in. Is the Market for Hardware Security Appliances Doomed? While the list of factors presented here is, and the list of factors presented in the proxy statement is, considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. investor-relations@proofpoint.com (408) 585-4351. It just passed the billion-dollar revenue mark in 2020. . Learn about how we handle data and make commitments to privacy and other regulations. We are under hiring pause till end of q1 23. Were there stocks given?#ellieMae #sophos #medallia #apptus #dynatrace #sirius #vena. It dropped 100 people after the sale to Symphony; probably attributable to the BSAFE team staying with Dell. The announcement of the deal on Monday came four days after Thoma Bravo closed its previous top cloud acquisition the $10.2 billion purchase of RealPage, which serves the real estate industry. Founded in 1997 in Israel with technology that could be used to counter modern viruses (so-called polymorphic) and DRM technology, it pivoted several times and was ultimately acquired by M86 Security in 2009. Proofpoint, backed by Thoma Bravo, made an offer for Mimecast that was 16% higher than the Permira agreement, but Proofpoint declined the higher offer inquiry amid antitrust concerns, Reuters said. Stand out and make a difference at one of the world's leading cybersecurity companies. Important risk factors that may cause such a difference include, but are not limited to: (i) the impact of the COVID-19 pandemic on Proofpoints business and general economic conditions; (ii) Proofpoints ability to implement its business strategy; (iii) potential litigation relating to the transaction; (iv) the risk that disruptions from the transaction will harm Proofpoints business, including current plans and operations; (v) the ability of Proofpoint to retain and hire key personnel; (vi) potential adverse reactions or changes to business relationships resulting from the completion of the transaction; (vii) legislative, regulatory and economic developments affecting Proofpoints business; (viii) general economic and market developments and conditions; (ix) the evolving legal, regulatory and tax regimes under which Proofpoint operates; and (x) unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism or outbreak of war or hostilities, as well as Proofpoints response to any of the aforementioned factors. Terms and conditions Its business model seems to be to engage in lawsuits against other security technology companies, forcing them to pay licensing fees. (Tech Industry)". Read the latest press releases, news stories and media highlights about Proofpoint. All other trademarks contained herein are the property of their respective owners. Proofpoint does not assume any obligation to publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws. Sitemap, Thoma Bravo Completes Acquisition of Proofpoint. May 17, 2019, 5:22 p.m. EDT 1 Min Read. In 2017 it acquired Skyfence, a cloud access security broker (CASB) product from Imperva. Proofpoint, Go to company page Read how Proofpoint customers around the globe solve their most pressing cybersecurity challenges. I was also worried after reading about Thoma Bravo history with what they did with some of the companies they bought. Proofpoint, Inc. investor-relations@proofpoint.com (408) 585-4351 About Thoma Bravo Thoma Bravo is one of the largest private equity firms in the world, with more than $78 billion in. This communication contains forward-looking statements within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. +1 to the person above who said they actively avoid companies owned by private equity firms. SUNNYVALE, Calif. and SAN FRANCISCO, Aug. 31, 2021 (GLOBE NEWSWIRE) -- Thoma Bravo, a leading software investment firm, and Proofpoint, Inc. ("Proofpoint), a leading cybersecurity and compliance company, today announced the completion of Thoma Bravo's acquisition of Proofpoint for approximately $12.3 billion in cash. https://www.ft.com/content/456f2fd7-f868-4ea6-abd7-fce34e783333, Dec 6, 2021 Thoma Bravos deals still involve lay-offs often more than 10 per cent of staff and outsourcing, shifting operations to countries with low . Save my name, email, and website in this browser for the next time I comment. nekx83aaxs Thanks for this . (Bloomberg) -- Thoma Bravo, the software-focused buyout firm, agreed to acquire cybersecurity and compliance firm Proofpoint Inc. in a deal it said values the business at about $12.3 billion.The private equity firm is offering $176 per share in cash, representing a 34% premium to Proofpoint's Friday closing price, according to a statement Monday. Thoma Bravo Layoffs October 12, 2022by Admin Thoma Bravo, the private equity firm that completed the acquisition in March, had other plans as reported at IBL News on January 26th [emphasis in original]. See Also . Get deeper insight with on-call, personalized assistance from our expert team. CEO left because of frustrations with TB folks, talks of cost cuts, not laying off yet, but TB history got former CEO worried. Save my name, email, and website in this browser for the next time I comment. Still other times, the firm who purchased the company may turn around and sell it again. Proofpoint's board has unanimously approved . It had 281 employees at the time, and was down 50 by the close of 2020. Thoma Bravo is a leading private equity firm that focuses on software and technology. It will be almost a year the aquisition was declared last April of Proofpoint. Thoma Bravo, a private equity firm, has agreed to purchase Proofpoint for $12.3 billion in the biggest cybersecurity acquisition of all time. Thoma Bravo has had little trouble finding companies to buy, including ones that are publicly traded. The acquisition was previously announced on April 26, 2021, and Proofpoints stockholders approved the transaction at the Special Meeting of Shareholders held on July 23, 2021. The company is well-run, making wise strategic investments in new technologies to stay relevant and growing nicely year over year. Email is still the primary vector for cyberattacks, and Proofpoint was the largest standalone email security company. I left in a year of joining. Employees are faced with layoffs, years of stalled product innovation and the imposition of cost-saving measures. Im extremely grateful to our team members whose dedication and hard work have contributed to Proofpoints success and made this possible and, together, I know well deliver even more innovative solutions for our customers., We are thrilled to officially embark on our partnership with Proofpoint and begin supporting Proofpoints ongoing mission of protecting organizations from the ever-increasing threat of cyberattacks, said Seth Boro, a Managing Partner at Thoma Bravo. U.S. private equity giant Thoma Bravo is acquiring SailPoint in an all-cash deal worth about $6.9 billion, the cybersecurity company announced Monday. Proofpoint Thoma Bravo has been an active investor and buyer in the cybersecurity market. The acquisition was previously announced on April 26, 2021, and Proofpoints stockholders approved the transaction at the Special Meeting of Shareholders held on July 23, 2021. SUNNYVALE, Calif. and SAN FRANCISCO, Aug. 31, 2021 (GLOBE NEWSWIRE) -- Thoma Bravo, a leading software investment firm, and Proofpoint, Inc. ("Proofpoint), a leading cybersecurity and. Keep up with the latest news and happenings in the everevolving cybersecurity landscape. So the problems youre seeing in SolarWinds is where Thoma Bravo , Insights from Thoma Bravo and Frontline Education for Instructures Possible Future, Dec 19, 2019 Even beyond Frontline Education, Thoma Bravo is well-known for having layoffs , as seen at Ellie Mae, Riverbed, Qlik, and Imperva. Learn about the latest security threats and how to protect your people, data, and brand. Private equity firm Thoma Bravo is acquiring cybersecurity and compliance startup Proofpoint in an all-cash $12.3 billion deal. For more information, visit thomabravo.com. Shareholders are set to get $176 per share in cash, 34 per cent more than Proofpoint's closing share price on 23 April, according to bid details. Upon completion of the acquisition, Proofpoint stockholders were entitled to receive $176.00 in cash for each share of Proofpoint common stock they own. I have a job offer at proofpoint and They are saying there wont be layoffs. At face value, fair enough. It will be almost a year the aquisition was declared last April of Proofpoint. UserTesting Inc. to lay off 63 as result of $1.3B acquisition, merger. Save my name, email, and website in this browser for the next time I comment. It will be almost a year the aquisition was declared last April of Proofpoint. In early August, Thoma Bravo finalized a deal to buy enterprise identity management company Ping Identity for $2.8 billion. Citigroup Inc. is cutting hundreds of jobs across the company, with the Wall Street giant's investment banking division among those affected. Gary Steele, Chairman and CEO of Proofpoint, said, We are excited about this next chapter in our companys journey. This list of organizations invested in by Thoma Bravo provides data on their funding history, investment activities, and acquisition trends. As a rule, I am not a fan of financial shenanigans. Private equity firm Thoma Bravo has completed its acquisition of Proofpoint (NASDAQ: PFPT) and shares of the cybersecurity company stopped trading on the Nasdaq, effective today. Advisors Morgan Stanley & Co. LLC is acting as exclusive financial advisor to Proofpoint, and Skadden, Arps, Slate, Meagher & Flom LLP is acting as its legal counsel. We cant hire good talent in the states because compensation is anything but competitive. We caught up with him ahead of the Channel Partners Conference & Expo and co-located MSP Summit, Nov. 1-4. My TC is on par with what I could make at FAANG at 1.5 YOE in MCOL, but that's due to joining before the acquisition and my equity skyrocketing plus promotions. Thoma Bravo used $675 million in cash and raised $1.8 billion in debt to buy Compuware and then split off Dynatrace as a separate company. Did TB make any promises to Proofpoint that they reneged on? "Just got laid off after takeoverWhat should I do now? Chicago-based private equity firm Thoma Bravo makes a business out of buying companies but what does it mean for acquired brands after the deal gets finalized? Akamai Technologies, Go to company page When private equity shows up to a deal, it usually spells disaster for everyone but the investors. Hello to people who were part of the companies that Thoma Bravo acquired. Thoma Bravo's investment in Intel 471 sees the private equity firm continue its cybersecurity investing spending-spree. https://www.teamblind.com/post/Proofpoint-Medallia-outcome-of-Thoma-bravo-purchase-YdfZ7Lkk, Mar 22, 2022 Fortunately, no layoffs , no reduction in force as of now. It showed revenue growth of 15% in the first quarter of 2021; $288 million. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. He had to wait to quit so he gets that payout, Check out this post! Energized to find a new job after yours gets sent offshore is more accurate. The acquisition values Proofpoint at $12.3 billion, or ~8.7x 2022 . Verkada, Go to company page Unvested stock turned to restricted cash vesting on the same schedule. Thoma bravo has recently acquired proofpoint. Episodes feature insights from experts and executives. We look forward to building on our offerings to continue preventing, defending and responding to both todays and tomorrows cybersecurity threats. Interestingly, Thoma Bravo was allegedly thinking about buying Twitter before Elon Musk announced he would buy it for $44 billion (a deal that Musk has subsequently attempted to back out of). Leveraging the firms deep sector expertise and proven strategic and operational capabilities, Thoma Bravo collaborates with its portfolio companies to implement operating best practices, drive growth initiatives and make accretive acquisitions intended to accelerate revenue and earnings. Proofpoint is well positioned to benefit from Thoma Bravos significant experience investing in software companies and overall approach to value creation. I probably stayed too long but I rose to a senior leadership level due to attrition, re-orgs, and knowing my shit and was able to move to a senior role at a fast growing public company that wouldnt have been possible otherwise. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. In 2019, when Bravo reached billionaire status, Forbes wrote, Bravo is eyeing $10 billion-plus deals and expects to begin buying entire divisions from todays technology giants. The latest couple of deals haven't exceeded the $10 billion mark, but theyre substantial nonetheless. The company's key investments include Barracuda Networks and Sophos, among many other firms. All forward-looking statements by their nature address matters that involve risks and uncertainties, many of which are beyond our control, and are not guarantees of future results, such as statements about the anticipated benefits of the transaction. . Proofpoint after Thoma Bravo acquisition - Blind How is proofpoint doing after the acquisition in terms of:CompensationWLBCompany cultureAttritionLayoffsTB leadership and managementDo you guys still fear of layoffs?#tech #software #layoffs #thomabravo#anaplan Main menu Contents Want to see the real deal? How were *unvested* RSUs handled? Should I , Thoma Bravo Lacks Options with Proofpoint Security Boulevard, An inside view of ConnectWises reduction in force : r/msp, An inside view of ConnectWises reduction in force, Proofpoint / Medallia outcome of Thoma bravo purchase Blind, Buyout firm Thoma Bravo goes from niche to big league, Can You Be Laid Off While On Medical Leave, Can A Company Find Out If You Were Laid Off, Can You Say You Were Laid Off Instead Of Fired, Can You Go On Disability After Being Laid Off, Can You Be Laid Off While On Short-Term Disability. Insights about top trending companies, startups, investments and M&A activities, notable investors of Under the terms of the definitive agreement, Proofpoint shareholders will receive $176 per share in cash, in an all-cash transaction valued at $12.3bn . The US buyout. Can You Get Laid Off While On Maternity Leave, Can Laid Off Union Workers Collect Unemployment, How Long Does Insurance Last After Being Laid Off. How did they handle unvested stock at acquisition? Thoma Bravo is considered the successor to previously existing firm Golder Thoma & Co. Other executives likely hold a substantial stake in the firm, which maintains $70 billion in assets under management. February . Proofpoint Announces CFO Transition. Should I trust the word or simply not accept the offer? Thoma Bravo is a private equity firm with a focus on investing in software and technology companies. Consequences of material differences in results as compared with those anticipated in the forward-looking statements could include, among other things, business disruption, operational problems, financial loss, legal liability to third parties and similar risks, any of which could have a material adverse effect on Proofpoints financial condition, results of operations, or liquidity. Thoma Bravo is paying $176 per share, for a 34% premium to the closing share price before the announcement. Prevent data loss via negligent, compromised and malicious insiders by correlating content, behavior and threats. However, our CEO will be leaving in April 2022 on his own, which is bad for us. Defend your data from careless, compromised and malicious users. Leveraging the firms deep sector expertise and proven strategic and operational capabilities, Thoma Bravo collaborates with its portfolio companies to implement operating best practices, drive growth initiatives and make accretive acquisitions intended to accelerate revenue and earnings. Last week, Instructure, home of Canvas LMS, went through a restructuring process which resulted in, Does Thoma Bravo Lay Off People? Thoma Bravo is one of the largest private equity firms in the world, with more than $83 billion in assets under management as of June 30, 2021. Meanwhile, the Permira-Mimecast deal is expected to close in the first half of 2022. The announcement that Thoma Bravo is acquiring publicly traded Proofpoint for $12.3 billion is the latest and largest private equity deal in the cybersecurity industry. The firm has offices in Chicago, Miami and San Francisco. The company has spent over $ 97.92B for the acquisitions. It went public in 2000. They will do all they can to not pay. In the largest-ever private equity investment in cloud software, Thoma Bravo has agreed to acquire Proofpoint for $12.3 billion to boost its cybersecurity profile. Splunk, Go to company page Based on prior public filings, the company eliminated approximately 160 positions. Cost cutting, layoffs remain leading startup themes. Other times, its layoffs. Secure access to corporate resources and ensure business continuity for your remote workers. Its terrible. They cut across the org - DevOps got sent offshore first, followed by a lot of SWE. Founder and managing partner of Thoma Bravo, Orlando Bravo, launched the firm in 2008 amid the rising action of the Great Recession. Looking back on the last two years, it is apparent that cybersecurity is viewed as hot by private equity firms. That plan was never realistic and likely misstated by company management. post regarding Riverbed . Reduce risk, control costs and improve data visibility to ensure compliance. With an integrated suite of cloud-based solutions, Proofpoint helps companies around the world stop targeted threats, safeguard their data, and make their users more resilient against cyber attacks. A number of project managers lost their jobs as well. Mimecast Email Security Business Background, Challenges 7 day notice, two week severance, no accelerated vesting so we miss the vest by 30 days. The Fidelis Elevate platform provides security analytics, and is being marketed as an XDR product. They recently started hiring in India, so cheaper labor is the focus which makes sense because PE firms only care for profit. Last week, Instructure, home of Canvas LMS, went through a restructuring process which resulted in, Does Thoma Bravo Lay Off People?