The culture within the technology organization has deteriorated significantly under the current CTO's leadership. Interactions with senior leadership are often characterized by criticism, public reprimands, and communication that many employees... — read more 

Many groups throughout the company being impacted this week. Potentially linked to the HR leveling project. Anybody have more news? Good luck all!

Does anyone have reliable information on how many employees have been impacted by recent RIFs in the Tech organization?

https://www.wealthmanagement.com/regulation-compliance/federal-court-sanctions-envestnet-for-destroying-evidence-in-trade-secrets-case

Who's next? Or are they done at that level and now will focus on the next levels? How deep will Bain's cuts be?

From what I have heard, there was a 20%+ reduction in their US operations. I know these guys are not part of our org anymore, but I wanted to share since many of us might have friends and ex-colleagues in this org.

Could have sworn that Bain would have kept him. Brutal. Wonder what his exit package is? Who is next?

I heard that the value creation plan is going to include massive offshoring across every single US based department. They’re going to kick this off after YOD closes. Expected layoffs over the next 12 months could quietly reach 30% of existing US... — read more 

EOM

Can anybody tell me that this new guy is positive in any way? Looks like he was universally hated at his old company. All he did was fire people, and then he got fired. WTF does Bain see in him? I think we’re cooked.

Who’s ready for our new PE overlords? Layoffs galore coming soon and the rest of us who remain will get bent over a barrel. No more public company RSUs, decreased compensation, decreased benefits, fewer resources, more work, etc. There are ZERO... — read more 

I think we are getting worse as it relates to simple business skills that our managers have, seriously, operationally we are making big big mistakes and there are no consequences. The worker is an afterthought too, so that needs to be added to the... — read more 

Anybody know the full extent of the layoffs, which groups, etc?

Best of luck to all.

They product Big Dog just announced he will present his 2022 roadmap in June. That alone should tell you everything you need to know about this circus.

Envestnet doesn’t care about developing their talent all they care about is the bottom line, despite record profits they are not even willing accommodate inflation. I for one can’t see an incentive to stay here when demand for talent elsewhere in... — read more 

Heard recent leader who joined from Spreedly, Fidelity, was chased out. Hope their tenure is short here as well. Doesn't know what she's talking about and in over her head. FML

I worked at Envestnet for 9 years. Anytime they acquire a company, they typically layoff most of those employees and move the work to India. More than have of Envestnet's employees are in India. By my estimate, through acquisition, Envestnet has laid... — read more