Thread regarding Alteryx layoffs

@e1 Act-on Glassdoor review: "The straight truth - Engineer Act-On Software Employee Review" from January 18, 2017: "Great job and amazing company until the new management took over last year. This is a fact. People can counter that idea with the 'well, the company needed to make some hard decisions etc etc' but the truth is the company is much less stable than it was a year ago. These guys have literally driven the company into the ground. The layoffs? The CEO Andy told the entire company a month prior everything was incredible, the health of the business was better than ever and everyone could look forward to an amazing 2017. Then he made a drastic decision to let a ton of people go without any criteria. The running joke is he pulled names out of a hat. "

UserTesting Glassdoor review: "Private equity found another industry to destroy" from October 4, 2024: "UserTesting ran with the most insanely bloated yet also absolutely useless marketing team for the better part of a year. When you asked marketing to do something like, say, build some customer facing materials for help with selling some product (like, a one pager), the standard answer you got was that it would take about a month. The CMO was a downright awful person who vocally called to cut different departments, depending on the day. She also did not know anything about research, somehow. Somehow this was an entire department where none of them seemingly did anything, and yet because they are a marketing team they made it seem like they were doing a lot." This is Michelle Huff. Also "The first CEO was more or less a nice guy but had pretty bad ideas and didn't seem to know much about research, which is important to have if you're a company that sells research, and software to do research. The company is now in a position where it has not made money in over a year and the people who paid billions of dollars for it are worried."

UserTesting Glasdoor review: "Once a great company, now just another private equity pawn" from October 20, 2023: "Executives are out of touch and constantly set the field team up for failure. The CEO brought in his exec buddies, sold to Thoma Bravo, made their millions, and now the rest of the company is suffering for it. UserTesting is not even a shell of itself, it is a corpse."

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Optimize your day to day. Andy sure does.

It’s true that beneath all the fluff and rah-rah, the only thing driving Andy and his C-team are the payouts when the eventual PE exit happens. Likely in 2-3 years.

Every employee at Alteryx is an impediment to that happening — a cost that either contributes to that happening, or impedes it.

Andy and the C suite are NOT our friends. Our PE Overlords on the board are NOT our friends. We only exist as employees because they believe we can help them achieve the desired returns over the next few years.

It won’t be a surprise if layoffs happen, but if they do it will be because your job (or performance in that job) is not deemed to be contributing to that mission of supporting and adding to the exit strategy multiple.

So just have both eyes open, and manage your own career. If you are tired or exhausted, leave. Not being rude — just saying you should protect your own mental and physical health. Alteryx DOES NOT CARE ABOUT YOU and will not help you. Only YOU can help you.

It’s only going to get worse, more frenzied and crazier as we go forward, not just because of the market and AI changing things, but because the clock is ticking on the PE masters’ exit strategy, and expectations are getting higher and the pressure is getting higher on Andy and his team by the month.

Key both eyes open. And be well. Take care of yourselves.

We get unlimited time off, take as much as you can…I do…

You are exhausted? From what?

We have Ai doing all our work. Andy is not wrong. Some people just choose to be lazy and delay every task.

Andy and the board don't give a sh-t about you.

@b6 care to share some of those examples? It can be hard to cut through the clutter and actually get a sense of a company before / after a specific leader.

@OP Andy is there to get his payout when he gets the company to its intended target. You are not his employees. You are the obstacles to him getting his bag. And here's the kicker: Andy and his leadership team have zero prior wins to his name. So it's a lot of damage with very little chance of actual success. They actually have a history of leaving every single company they've been at in worse shape than when they arrived.

Please take care of yourself. Alteryx, and the board that governs, will never stop. They are driven by profit and will take anything they can get from staff.

While work environments can be su-ky, ultimately you are the only one who can care of you.