Thread regarding Envestnet Inc. layoffs

Significant Culture Decline Under Current Technology Leadership

  • 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 perceive as demeaning or disrespectful.
  • Fear and job insecurity appear to be used as management tools, creating an environment where employees are more focused on avoiding mistakes than on innovation, collaboration, or long-term improvements.
  • Psychological safety has declined. Employees are increasingly reluctant to challenge decisions, raise concerns, or share differing viewpoints.
  • Morale has suffered, and many experienced employees have become disengaged or are considering opportunities elsewhere.

This represents a notable departure from the leadership style and culture that existed under previous technology executives, who generally fostered accountability while maintaining professionalism and respect.


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Post ID: @OP+1ktez10cv

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I don’t work under the CTO but the same thing has happened in my group. Absolutely terrible place to work. I believe it is Bain doing all of this. They are micromanaging the company behind the scenes. I don’t see the end goal in destroying the culture of our company. They are making stupid missteps and it’s going to prevent them from making money on their investment. Envestnet is an extremely complex business that is only as good as its people. Bain has no clue what they bought. It’s painfully obvious. They are tone deaf and clueless. Wait until all the demotions are finalized at the end of this month. Employees are going to burn the company down, even if subconsciously. There are terrible decisions being made by the puppet masters.

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Post ID: @ne+1ktez10cv

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