Qlik had a window but we did not execute, unfortunately. Poor decision-making by the CEO (former payroll industry experience/non tech) and a very dino leadership team coming from IBM, Cognos is unable to match the speed ot our competitors. Power BI is eating our lunch at a massive scale and the sales team has no answer. We have not had any sales leadership continuity over the last five years. Look at the leadership team today, it will change in the next 6-12 months. R&D creativity has been dying at the vine with most of the good engineers exiting to companies with a cutting-edge tech stack, real AI capabilities, and energizing leadership with a vision. Most employees I talk to spend 15-20% of their day working on broken internal systems - it's like a four-day workweek for real work output - no CIO continuity, it's been a revolving door. You would be shocked to know how many of our coworkers still use Excel spreadsheets vs. our own product - it's much easier to use. I don't know how this story ends, but it will not be positive. Our PE will need to make tough decisions in Q1 when we miss our number for the year yet again.
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Qlik management is very disappointing and many SVP’s and above are average at best and quite disconnected from real Customer needs. Sales teams are forcing customers to buy more expensive licenses which customers don’t need. Sales is being pushed by T Bravo just increase sales, so they can unload this poorly managed company. Many clients may have taken the hit in recent renewals by paying more for licenses, but these customers won’t be around in 12 months at next renewal and will Likely switch over to a competitor .. qlik management needs to wake up and stop making these bad deals.. employee morale is at an all time low, so dark days are ahead.
More layoffs are also expected in late Q4/23 and early Q1/24
Actually I used to work for Qlik 5 years ago - I was Software Developer and I left the company because I felt the Managers around me were incompetent. Of course I have zero regrets for making this step.
Could be dumped to another PE in the next 3-6 months, hence the mass layoffs. They are losing market share fast. No other tech company will engage unless they can buy it at a fire sale. An IPO is off the table. Gloomy times ahead.
A company starving for direction. Mismanaged to the core.
Lack of leadership, indecisive decision-making, and mass layoffs seem to be the norm. No one seems to be at the wheel.
The acquisition of Talend has been atrocious and morale is at the lowest level. This could be the final straw to sink the ship.