Why is Medidata, or even Dassault Systèmes, not being honest about zero profits and all the layoffs? A major reorg happened and another round of layoffs of very seasoned, high paying roles (yet again) just happened.
This company has the worst leadership and bad senior hires in the last 2 years, and the signs are pretty clear.
Laid off from Dassault (Not Medidata) today
Did anyone else get a calendar update that next week’s town hall has been cancelled?…
@18j that was indeed a terrible report. I’ll be expecting a bloodbath sooner than later, probably impacting my position too.
@OP Is everyone ready for a terrible Q4 and full year report from us tomorrow? I'm sure more positions will be deemed unnecessary, and good people let go, while the band of favorites keeps on marching along providing little value. What a joke this company has become.
This looks like two things happening simultaneously, and possibly by design. Either (1) the M&A integration isn’t delivering expected synergies and they’re scrambling to cut costs, or (2) DS is strategically reshaping Medidata by eliminating expensive senior talent to reduce operating costs and make cultural integration easier. Maybe both.
The repeated layoffs of seasoned, high-paying roles while providing zero transparency about actual financial performance suggests at least one of these is true. If the acquisition underperformed, they should own it. If this is an intentional transformation to fully absorb Medidata into the DS org structure, they should be upfront about it instead of calling it ‘rightsizing.’
Either way, the lack of honesty while executing multiple rounds of cuts affecting the most experienced people says everything about how leadership views their employees. History will likely show this M&A didn’t work as planned, or that this was exactly what DS wanted all along; strip out the old guard, reduce costs, and eliminate Medidata’s original culture. Employees deserve to know which one it is.
What just happened? The CS3 cuts the other week? Or was another area just impacted this week?