Thread regarding Alteryx layoffs

Good news for better companies

Sad day for Alteryx, but a good day for the companies where many talented ex-Alteryx folks will be finding jobs in the coming months.

While a complete surprise to many employees, other folks knew this ax was coming and had prepared for it by already starting to interview outside the company. As was said, for those of us remaining, don’t let your guard down. Alteryx won’t take care of you, only you can do that.

Copied from @1gyk+1mloQiSt. Well said. It is quite crazy to let go excellent employees who will probably end up going to the competition.

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| 1162 views | | 4 replies (last May 1, 2023) | Reply
Post ID: @OP+1mpoGGpF

4 replies (most recent on top)

Alteryx is very ripe for a bottom feeder type of company like Micro Focus to come in and acquire it. They do this so they can milk the existing customer base for licenses and then let it gradually wither on the vine.

But agree, folks who are still there, enjoy your salaries and RSUs while you can, because it's only a matter of time before you'll be canned too !!

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Post ID: @etp+1mpoGGpF

The place isn't making money. It's currently at prime rate to get acquired, but probably won't. Their guidance was not great.

For those who are left, you are likely stuck with overseas agencies and working 20-hour shifts. Good luck. Start applying around cos you likely won't be there by end of year.

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Post ID: @xqm+1mpoGGpF

The mood is somber. CMO did 30 minute call with some 100+ people and barely anyone spoke.

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Post ID: @zrt+1mpoGGpF

Indeed.

And how this layoff was handled (and depending in part of how well - or not - the company takes care of the impacted folks via severance packages) is not instilling confidence in those of us employees who remain behind.

It's really too bad, because things were really in poor shape a couple of years ago in terms of poor leadership (the previous CMO comes to mind as a prime example), and Alteryx hired an entirely new cadre of leadership who seemed to be really getting their act together, executing well, and making good progress on the product front. Employees who had seen the really bad times were slowly gaining faith and trust in the leadership.

Then all of this happens. The reality is that Alteryx has been laying off people almost consistently since the November/December 2022 time period. Several "bursts" of layoffs totaling about 5% of people, then another mini-wave of layoffs in the early-mid, Q1 time frame, which management deliberately kept quiet.

The bottom line is that pretty much all of the goodwill that the leadership team has been regaining in the eyes of employees over the past 18 months ..... is now totally diminished and gone. Everyone is upset and looking around to see who is going to get axed next. A sad state of affairs.

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Post ID: @ndx+1mpoGGpF

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