Dark Clouds over Skype?

10 Comments

Despite the general euphoria about Skype’s retail launch in the US, there are some disturbing developments in the Skype-world that make you wonder about the future of eBay-Skype integration.

Andy Abramson, who is supposed to be on vacation in Europe has dug-up information that some Skypers’ are headed to the exits. For instance, Andy reports, that Pooj Preena, Skype’s biz dev guy based in San Francisco has left the company. He helped craft the deal with Linksys for example. Some employees, especially those in Estonia, as per Andy’s account, did not make anything as a result of the deal. “That two days before the sale to eBay employees were told by (Niklas Zennström) that the he would never sell the company,” Andy writes.

These are classic signs of post-merger blues. However, it is ironic that there has been a steady trickle out of eBay and many departing executives have questioned the wisdom of the deal. The scariest part is not the exodus but the changing culture of Skype. A genuinely maverick company, Skype is facing increasingly hostile telecom operators and governments. Skype, survived and thrived, because when everyone expected them to zig, they zagged. They were small and nimble, and out maneuvered competition and lumbering behemoths. Now they are part of one! I wonder how they will do in an increasingly bureaucratic environment. EBay has already appointed three new VPs or as Andy calls them: “layers of management.”

10 Comments

skip skyeper

If you work for a company, you do not automatically get a payout if it is sold. period. You are hired to do a job, nothing else.
As for “executives leaving”, these are people who were doing a job for not much money, now being snapped up by companies offering large salaries. (thinking these execs have unique talents)

Khabri

According to my reliable sources, Google wanted to buy Skype for $400 million but the latter refused. Ask me, $400 Million was the right price. I think the difference lies in the background of the CEOs. Whitman has a solid sales background. She got carried away and signed the deal at 10 times the premium. Dr Eric, who is one of the first compiler tools writer(lex/yacc) knows how easy it is to develop a VoIP product and doesn’t have to bother about the rock solid Google brandname. eBay Sucks!

Robert Scoble

This report matches what I’m hearing from the company. I’m hearing morale internally is very low. The employees thought they were going to change the world, not be sold.

Rick

That’s called a VC or partner. Employees of private companies don’t have contracts for the sale of a company. Such payment comes from the heart, not paper.

KenC

Valuable employees should have bonuses written into their contracts, if they’re expecting something when the company is sold.

Rick

Two points to make here:

1. If I worked for a small outfit that hit a jackpot and didn’t get a portion, I would be out too. One of the joys of working for a small emerging company is the risk/reward you take. You should share the reward as well as the risk.

2. Having had time to comtemplate, I cannot believe EBay paid the monumental amount for Skype. Look what Cisco got for a couple more billion. That’s just one comparison.

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