Vignette seems to find itself again in a downward spiral (and has been for quite some time now). After the not-so-exciting Q3 2008 results announced in October (with net loss of $4.3 million), December brought even more not-so-pleasant news. Right before Christmas, VIGN laid off an unconfirmed number of employees.
The Austin American – Statesman (Austin is location of Vignette’s HQ) reported that Vignette’s “spokeswoman Melanie Brenneman said less than 10 percent of the company’s employees were affected.” Out of the total number of Vignette employs — about 600 worldwide — this is still a considerable amount of people hearing “Merry Xmas. BTW, you’re fired!”
Interesting discussion led by (supposedly) former Vignette employees and onlookers is on Statesman’s site in the comments section. One commenter said “They basically shut down the entire development team for imaging products.”
Vignette Media was one of the latest product releases from the big V. It was *so* media-attention worthy, I covered it twice. Later on, not quite a product but a PS bundle was also announced in a possible attempt to smooth out end-of-year financials – QuickStart. Still didn’t seem to make much difference.
No question, this economy is challenging for many Web Content Management vendors. Vignette: a WCM vendor in transition? Acquisition target (Open Text could grab it, but it already has a WCM wing in the form of RedDot)? Or…
TradingMarkets.com keeps going back and forth on recommending and then not recommending to buy VIGN stock.