Thread regarding Alteryx layoffs

"Didn't the new ownership team just say no org changes this year? Or is a layoff considered separate from an org change?"

They can say and do whatever they want. I don't trust anything the new owners say. I've been through multiple of these types of takeovers and they ALWAYS do huge layoffs within the year after closing the deal. I'm admittedly biased, and I hope it works out better here, but that's my personal experience.

Confirming that budget cuts on the order of 10-40% have now been ordered across the organization, depending on department. Implementation is now beginning to happen, and will kick into high gear after Inspire. Even current commitments are being scrutinized and inquiries being made to break and re-negotiate contracts.

Goal is an overall 20-25% reduction in expenses (including salaries) by the end of 2024. Sc--ws are being tightened to get employees to self-deport so that severances don’t need to be paid. For the second half of 2024, look for cuts in benefits and employee programs. Things are going to get ruthlessly efficient in the coming months.

After Inspire is where the sh!t will be hitting the fan. Be prepared.

the big axe will drop right after inspire. now is the time to get your resume and linkedin in order and start looking. it will be a brutal summer for those remaining at alteryx as well. be kind to your colleagues both the hundreds who have been cut and the ones left to pick up the pieces

GTM and Sales departments are losing people every week. Another one just resigned last week.

Lots of senior Trifacta people left with nothing lined up, they all say it’s for a break with family… is this a layoff?

Can definitively confirm that budgets across the company are being ordered to be cut anywhere from 10-30%. Small but ongoing headcount reductions will also be happening. This is all on orders of the PE team that is now taking over and "evaluating" business operations across the company, rationalizing product lines and mapping headcount expectations to the future state.

The next 12 months are going to be very difficult. Many people who think their jobs are "safe" are going to be in for a rude awakening when their jobs are eliminated.

Also, a key plank of the PE firm strategy IS INDEED to outsource as much work as possible to Indian "software engineers" to save money.

The end state of all of this is to preserve and slightly grow revenue (5-10%) in the next 1-2 years, while cutting overall company costs 25-30%. This will maximize profitability and help service the accrued debt as quickly as possible.

If we offshore most of our operations and eliminate US headcount, that is technically not headcount reduction, right? If we move to more inside sales and streamlined operations we may have the same or similar number of employees but just reduce cost through shrewd decisions to run this place out of India with just the bare minimum needed in the USA.

OK, so the massive layoff post in this thread is total BS. It’s not happening. There will be some modest cuts ongoing, but very small numbers for the short to mid term.

Once the new leadership comes in, there will be leadership changes happening over time across the board.

In the short term, expect to see Pi---l Pearce as the next C-suite exec to leave.

The McLaren marketing partnership has one more year on it and AYX can’t get out of it, so expect to see that continuing this year, but tapering down and then ending. What an expensive boondoggle that was.

Marketing is going to be an area where there is massive change, both in personnel/leadership and budgets, during 2024 and into 2025.

What does Ja Rule have to say about all this?

Yes they are looking to cut spend. I’d be surprised if McLaren sponsorship remains. Haven’t heard of headcount cuts.

No org changes until there is a new CEO in place. Until then, stay focused on closing Q1 and blowing it out in Q2.

Didn't the new ownership team just say no org changes this year? Or is a layoff considered separate from an org change?

It is likely that a 40-50% headcount reduction is coming according to multiple reliable sources. I have heard this will impact nearly all departments. Get your resumes ready just in case.

This seems like a troll post.
Ironcially this is the worst place to ask if layoffs are happening. People love to spew doom and gloom here

It is likely that a 40-50% headcount reduction is coming according to multiple reliable sources. I have heard this will impact nearly all departments. Get your resumes ready just in case.

What are these different forums you're referencing? Links?

That 12% debt financing isn’t going to service itself