Thread regarding Insight Enterprises Inc. layoffs

@en Hey now, always assume positive intent! (That way you’ll never see it coming when you get sc--wed over…)

Finally got an offer, I'm done! This place has gone from OK to well, just terrible. So many people are so full of themselves. I have never, ever worked at a company with endless people with their heads up their own and someone else's a-s. Don't raise issues, stay well below the radar or you will get tagged. Just tell everyone what they want to hear and make sure to stroke those egos while you do. Being honest is NOT rewarded at this company, that's for sure. I have seen quite a few folks let go that were trying to do the right thing only to get whacked. They just disappear like magic. Good honest people, this company has no morale nor scruples.

@250 Glad you sold at $160. The basic principal that you need to offshore is a clear result of not being able to retain market share, since the stock is under performing (LIKE A LOT), you want to please the street. However, the only way to cut costs rapidly since the "Solutions Integrator" pipe dream failed, is to fire people. Bad decisions, very poor management, people collateral come first. Clearly no heart, lack of real hunger and ZERO harmony. Bet the "leaders" stalked you on LinkedIn, they clearly like to gloat that they let people go and then are just too curious.... What happened to person X or Y when we fired them? Did they get a better job? He-l yes! I almost doubled my base when I finally woke up and got paid what I should of been getting the whole time. Cheapskates.

Hey, I have an idea, let's get a bunch of Cisco sellers in here to augment the clueless CAP folks, as they know how to sell.. Yes, routers, switches and AI (Hahahaha)... Clearly not solutions..... Seems like the CFO is trying to get a whiff of his glory yester-years... Reached out to some connections that I made while at CDW over at Cisco and NO ONE ever heard of the guy... You can't claim that you are all that great when you didn't even manage a Multi-Billion $$ product line portfolio...

There is so much truth to these posts. The SVP and C levels are pushing offshoring HARD. Goals for some departments higher than 70%. Additionally, they have tied the hands of Director and VP levels. Used to be 250k-500k approval thresholds to purchase necessary tools to perform one teams role or recruit. Now everything, and I mean everything, over 10k requires President and CFO approval. Getting backfills approved takes 6-12 weeks just to route through MTC. They have added additional tools to get pre-authorization to enter the req, pre-approval for the req and then MTC approvals, mostly with all of the same people in the approval chain. The Cap folks do not care at all about the values. It's religion to them to keep the lower ranks in check. If you still work there, get out fast. Luckily I sold the last of my shares at 160, but the avg person buying into stock purchase program got burned. Some heart

@1v6 Sale Adjacent role? You will be off shored for cheaper, less experienced labor with half the skills and communication capabilities. MIGA!

@1v6 Insight is just tripping over itself, in many ways...

Let's do a re-re-cap CAP....

Sales excellence is making deals harder to be excepted based on GP, hence turning lower deals away in search of higher service margins as well as on products, which in turn fuels customer abandonment (sorry, team.. I meant to say Unicorn Clients)

Acquisitions are adding more head count, which is OPeX along with more debt to fuel the acquisition, meaning if a company cost 250Mil, there is the interest that needs to be paid as well on the loan to fund the acquisition, and its amortized over time, so 250Mil becomes 325MIl hit on the books, let's say over a five year period. More debt, bad finance decisions just to say that you have an acquisition flywheel in place.. LOL.

Customers started the exodus when CaptainNothingBurger wanted to just focus on 300 customers, more or less, a moving target every year.. They left and won't come back cause they got burned, SHI, CDW, NTT Data, Accenture depending on what line of business are all reaping the rewards on the new customer acquisition front.

Increased breath and depth in Accounts - well that has not panned out at all, wait, change strategy, become something else...

Services in the US had dropped into the chasm, everywhere, let's save money now as we have no clue what TACO Trump is going to do next on tariffs, of which he has no clue and companies are not spending, epically in the services space.. Guess what? That was the first unicorn idea hatched by management, let's go chase higher margins.. Well, when you have a half then expected skills and service projects go south, they don't come back. Wait, let's hire a bunch of super overpaid folks from Cap Gemini cause they got the chops and know how to so this super hard stuff.. Well, a few have already been let go cause they could not hit quota. And guess what, probably 10 legacy Insight folks were fired per CAP ratio (10:1) to make way for their over inflated salaries.

Let's change our strategy every six months after a leadership pow pow in Salt Lake City, where we all got high and came up with:

AI-Super-Fly_Wheel_GPT_Nothings_LLM_KGB_Unicorn_Integrator

It's a culmination of so many mis-steps and bad decisions, hires, it would take 20 cases of beer and wine to go down the yellow brick road.

The board finally tired of the constant turmoil, pushed out the CEO, she took one for the team as she has already made her bread and butter.. They want the company to look good for the Street and came up with "been thinking about retiring since a long long time now, as I have no clue to what I am doing outside of wearing a bunch of Fuchsia nonsense, that really, does not look good on me...

Make sense? It's a clown show.

So I work in a somewhat "sales adjacent" role so I hear the rumblings... but can someone with boots on the ground so to speak explain what's going on? I try to get more info from the folks i work with but people are hesitant to talk at work, understandably so. You never know who'll throw you under the bus.

So is it sales being bogged down by processes? All these new solution areas are hard to sell? Customers dont like what we're delivering and moving away from us? Constant re-orgs (and aquisitions, my god the aquisitions) causing chaos? Just trying to cut through the BS and get an answer.

I've been here just about 10 years and im sad to see how discouraged everyone is, but the company is undeniably a shadow of its former self.

Must be a huge ego blow to realize that by next week, this "leadership" team, team team, has and will of erased 5 years of progress in the share price on Insight in one year. Morale is in the gutter at least in my team, constant worries that there will be another round of axing before the holidays to try and prop up earnings for Q4, well it's looking rather bleak.

Well if someone was actually retiring like ReJoyce "is", they would of resigned from their other board seat at Toro Corporation, like who wants to be on a corporate board when you can be hiking, skiing and shopping worldwide?

Seems that someone got pushed out for sure, like the stock, off the cliff.

I call BS. Next!!!

I think that it will bottom out at $72 given the momentum and trajectory. Might go lower, 5 years of gains wiped out in one year. What a disaster this place is, need a nuclear bunker to withstand the fall out.

So what do you all think, Megan was fired or just picked the right time to bail and avoid being an insider stuck with not being able to sell off RSUs before this dog of a stock started the plummet of death?

They literally can't pump enough into the stock buy back to keep this from hitting, shall we put it out there, $70? I think that the free fall will continue. There are no silver bullet hires, no CEO named will be able to pull this dog of a stock out of the gutter.

Nothing Burger (what a tool this guy is) will be ousted by Spring or quit. Sure there will be a few other casualties along the way. Sharpen up those resumes kids, the hack and slash (RIF) your way to profit will only get worse as people get desperate to try and show that they are worth all those RSUs. What a sh-t show.

3-Year Return
NSIT
Negative 10.02%
S&P 500 (^GSPC)
Positive 71.47%

3-Year Return
NSIT

• 10.02%
  S&P 500 (^GSPC)
• 71.47%

Says it all....

Hey, but there is the whole Lequin family working at this place, come on, now that's Hearty Hungery Harmony going on right there! What can be a place better than one filled with nepotism?

I personally think that she has done more damage than what's stated... The culture is nothing of what it used to be, the toxicity of this place is beyond repair, the leaders all have their head in the sand and the mis-management of this place is out of control. Interestingly enough if you look at people's headlines on LinkedIn, everyone is an AI genius (using ChatGPT does not make you a superstar AI wonder) or a wants to be Board Member. I think that the figures are understated for layoffs. So many people have just disappeared. Ever wonder why someone is ghosted in SAP? It's not a sabbatical or leave that they are on, they have been quietly sacked to make room for someone from Cap Gemini or IBM.

I would reckon that more than half the execs are trying to secretly bail before new leadership sniffs out the BS that they exude.