Very worried about what’s going on. Since the new CTO joined many Head of XYZ have left. The culture feels worse. Product quality has dropped. More customers are leaving because of bad product quality. The CTO has also pushed out many. That is very serious.
The share price keeps falling. Do they know something we don’t? Is the CTO making things worse? Is this company in trouble? What does this mean for our jobs? Very worried.
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They treat staff terribly. Little to no raises despite profitability. That is concerning. When a company doesn't invest in its own people despite requiring them to work more and harder....
i get schadenfreude hearing customers leaving tr products due to quality concerns. wow, who would have thought cutting costs on dev teams year after year could cause such a thing?
The stock price is down because as it turns out anyone with an AI can now do what TR used to do
Pretty easy to see. Nobody cares about the people anymore. They care about the bottom line. Been ignoring us for years and changing policies in the opposite direction. They Care more about their AI and RTO metrics than asking people how they and their families are doing and actually getting to know you.
My VP said not to be concerned because the stock price naturally increased during a time period of growth and acquisitions and since then the stock value is balancing back out. Not sure how accurate that is though but does make sense.
The T family would not need to sell shares to fund a new home.
Maths says they rake in about $2 million a day in dividends.
@a6 the stock price fall could be for many reasons unknown to us. Maybe T family needs cash for fancy new homes in which case it would be nothing to worry about. But of course we don’t know for sure, which is what makes it scary.
As for the new CTO he came through an acquisition and ended up in this role mostly because most somewhat decent human beings who had his role before couldnt stand reporting to Roth. I’m fairly certain she is behind most restructurings and layoffs and he is just there along for the ride because what a career opportunity and paycheck this is to him.
Oh a buying that legal LLM startup last year and raising salaries of most labs scientists must have been expensive. They are running it like it’s AI company now even though it’s not. If you’re not AI data scientist and engineer then you’re worthless is pretty much the message right now.
@a2 - OP has fair point. The market outside is in very bad shape. If the company is stable, stay quiet, do your work, and hold on tight. But if company is weak or starting to fail, and the market is this bad, you are in real trouble. It is scary. I don’t know what is happening with TR.
@OP - not sure how worrying will help you. The execs have made or are making decisions that are outside of virtually everyone's control. If the share price declines, the ones who feel that first are the T Fam. Why not just keep your head down, make a living, and look for new/better opportunities?