Thread regarding Alteryx layoffs

It’s intriguing to look back at this after a few months.

Glassdoor is oftentimes worse.

It’s intriguing to look back at this after a few months.

None of it matters anymore. Paula is departing as of July 3. I'm sure she's actually already gone.

objectively- Trifacta sold for nearly 20x revenue with less than 200 employees.. alteryx sold for less than 5 x in a market where the multiples are rarely under 10x as a "leader" Businesses are about making money and alteryx lost money and shareholder value. Find it hard anyone here could defend this company, product strategy, GTM strategy etc

Trifacta was such a great product in a massive market but had almost no revenue and their ownership was willing to sell out. Didn't alteryx keep trifactas leadership & sales teams and continue to try to sell it for over the last 2 years. That says alot. Sorry if that hurts.

You id--t, I'm not making a case that trifacta knocked the ball out of the park. Go build a workflow

"Alteryx was moving to the cloud before they bought Hyperana Trifacta"- LOLzzz. Right. Failed. Abandoned the product, spent 400MM. Is that really moving to the cloud?

"Who was fighting innovation, their CEOs, the founders, product leads" - Did you work at Alteyrx? If you did, you absolutely didn't work with any and all departments of GTM all fought in some form or another.

"And as you see with the strategy of fighting the cloud and innovation where that got AYX."

Lets not rewrite history here. Alteryx was moving to the cloud before they bought HyperAnna, Trifact and some other acquired parts. Who was fighting innovation, their CEOs, the founders, product leads? Sorry that those purchased companies products were just niche, never took off and now will be headed for the scrap heap.

"BTW if you're banking your future on a windows product and small data ETL,"

Desktop ETL, serious what a cringe use case. Like someone posted ETL is performed by SQL developers, data architects.... that's not who Alteryx tools were created for.

Trifacta was such a great product in a massive market but had almost no revenue and their ownership was willing to sell out. Didn't alteryx keep trifactas leadership & sales teams and continue to try to sell it for over the last 2 years. That says alot. Sorry if that hurts.

The beginning of the end was when project climate got tossed in the trash

"All this cloud rules windows is dead talk is nonsense coming from all the self proclaimed experts who didn't work with Alteryx customers or bother to learn the products."

The cloud has won in the data market. Sorry if that hurts. BTW if you're banking your future on a windows product and small data ETL, good luck. there aren't any still out there. It's not about Alteryx customers that use windows, it's about whether the company can stay relevant. And as you see with the strategy of fighting the cloud and innovation where that got AYX. PE takeover, billions in lost value, massive layoffs company in ruins.

From my formerly (got the RIF) low vantage point in GTM, making a huge investment in the SMB space in 2020 was the beginning of the end.

How much of the ~$900M in revenue came from Trifacta? 20M when they got bought. Trifacata wasn't used by biz analysts to automate business process, it was used by cloud data architects. 2 different worlds. All this cloud rules windows is dead talk is nonsense coming from all the self proclaimed experts who didn't work with Alteryx customers or bother to learn the products.

Anyone and everyone who fought the cloud and made it internally competitive is to blame. So 95 percent of the AEs and SEs Our management that came from outside of the data space (most) . If we had a broader market and more than designer and server to sell maybe we wouldn’t have gauged our best customers who are now moving to companies that support a cloud strategy and doesn’t arbitrarily jack the price . The simple fact that the culture was to fight the cloud rather than embrace what’s a reality in the market is mind boggling. Alteryx is irrelevant without a cloud strategy. Shadow IT . Can’t keep winning with a windows product . Seriously. Windows? Bi vendors had a web version of their products in late 90s .

One disagreement from me. Trifacta was an excellent product but Alteryx tried to make it something it wasn’t. Instead of continuing work with existing Trifacta customers and staff (who knew it was a better product than Designer) to make it even better, it was pulled apart and rushed to market with Designer lipstick on it.

At this point I don't know or care

I was laid off and I'm not sure why that was the case. At least alteryx could have told me this was coming 😕🙄

There's a lot to unpack in the last four years with Alteryx.

In the abstract, investing into growing the company from both a product and a go-to-market perspective were probably fine ideas when Mark set AYX on that course to go into debt to drive growth, especially when the cost of borrowing was near 0.

Then three fundamentally poor decisions were made, and a fourth external issue caught leadership unprepared for change.

They deeply invested in a radical revamp of their go-to-market strategies that were fundamentally at odds with the product's market fit and ultimately burned their relationship with key customers. AYX had a lot of reps making a lot of money for a brief period of time and pushed them to sell top down when the product has won for 20+ years from the bottom up. Ultimately most reps ended up not bringing in the necessary revenue to justify their existence and the ones that did bring in heaps of revenue often did so at the expense of their long term customer relationships. On top of that, they gave a lot of support staff a lot of budget without forcing them to add much value. Looking at you, Marketing Maveryx!

They've never held Product to account for their poor roadmap execution, their poor acquisitions and integrations strategies, and all but abandoning their core flagship offerings. And yet they still have the same leader to this day. That's baffling to me, but here we are. The product obviously needed to evolve into a cloud offering, but it's blazingly obvious to anyone paying attention that it's far easier to say than to execute on the vision, particularly while keeping their eye on their main flagship product.

They have made some terrible hiring decisions that have resulted in an abysmal company culture. Once upon a time, there was a desire to subscribe to the company values. Promotions were aligned to those values and you had to pay them proper respect. I doubt that's been the case for the past 24 months. We saw extreme cases of nepotism and the politics of managing up superseding core values like keeping the customer first, accountability, empowerment, integrity, and equality.

Lastly, and I don't count this as entirely their fault, but they got caught in a perfect storm as monetary policy shifted from zero interest rates all the way up to about 8% for corporate bonds. That said, they made the big bucks, they need to solve the big problems, right? If we were still living in an era of easy money, it's fair to say Alteryx would likely still be a publicly traded company, despite those horrific mistakes.

The fact that in 2022 we had a half baked cloud product is the problem. Like the cloud has been a thing since 2017/18. We lost deals we weren’t even in for the last however many years . People can bi--h and moan about the cloud product not working but remember the people winning deals are start ups and others with a v1 v2 product . The total addressable market for cloud data projects is exponentially larger than our standard automate some spreadsheets and or tax and fp&a data ..

Put simply, the legend Dean stepping down said it all. From the very first moment Mark appeared in his first all hands, it was obvious he came as the captain of the titanic aka alteryx so set it up, ready to sink beyond doubt. Dean was why Alteryx was Alteryx. Mark along with all his poodles came to literally sink Alteryx weighted down with their heads full of the stuff that comes out of the back side. Mark and his clowns destroyed the culture, the product and what Alteryx stood for. Him and his clowns are beyond a joke. They don't have a clue how to run a business let alone further develop an already empowering product, Alteryx server and Designer. Never witnessed such clown leadership in my entire life. They belong in the zoo, the clowns they are. Alteryx is going to shut all offices in US, UK, most parts of EU but hold on to prague office and run mostly out of india. Can't blame the PE, they saw an opportunity to invest with the hope of making a quick buck. Not long before alteryx is in gutters!!!

The bizarre sales strategy shoved down our throats in 2022 of selling a half baked cloud product while letting the #1 area for improvement, Alteryx server, sit stale and fall further behind similar offerings (tableau server). This was a crux moment for the company and the GTM strategy was foolish, you could see it a mile away.