Tag: 220M

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Progress makes layoffs at Chef after $220M acquisition, says it remains committed to roadmap

Progress CEO Yogesh Gupta

Business application platform Progress is making an unspecified number of job cuts at Chef after completing its previously announced $220 million acquisition of the Seattle-based enterprise automation technology company this week.

People impacted by the cuts include a portion of Chef’s engineering team, including employees in Seattle and other locations, prompting former colleagues and others in the developer community to rally around them on the #cheffriends hashtag on Twitter.

In an interview with GeekWire this week, Progress CEO Yogesh Gupta said the 40-year-old Boston-area company remains committed to Chef’s product roadmap, open-source projects and business customers, calling Chef a strong cultural match for Progress and “a perfect fit from an overall strategy perspective.”

“We continue to see tremendous potential moving forward with the folks from Chef that have come on board, and the Progress team working together,” he said.

Gupta said Chef’s strengths in enterprise automation and developer operations security (DevSecOps) are especially good complements to Progress’s existing technologies. He expressed optimism that the Progress’s larger scale in areas such as tech support and customer success, as well as its outsized investments in research and development, would further elevate Chef’s efforts.

Pressed for details on the cutbacks, Gupta declined to acknowledge or address any layoffs, saying he was limited in what he could say given Progress’s status as a public company. Based in Bedford, Mass., the company publicly traded on the Nasdaq. However, a spokesperson followed up with a statement from Gupta: “While not everyone from Chef is continuing with the go forward organization, it is our commitment is to treat everyone fairly and respectfully.”

Progress executive Sundar Subramanian will serve as general manager of the Chef business, he said in a post on the Chef blog this week. “I believe Progress can build on what