Thread regarding Alteryx layoffs

Well, it appears in the three rounds of RIFs this year, that Alteryx has laid enough people off to reduce costs by the $50 million amount they lowered 2023 Revenue by.

That said, all they have to do is make the downward revised numbers for 2H. That’s going to be difficult in this macro environment, though. I believe there will be at least one more round of RIF this year. We’ll see.

BTW, per another post/thread on here, confirming for real that employee headcount is indeed down a full 30% from just 8 months ago.

Restructuring events should be a one and done deal. You make a new strategy, re-align resources, RIF the ones you don't need and then get busy creating enterprise value.

Multiple RIF's in a short period of time, in reaction to bad quarter or to appease perception with the street are a recipe for disaster and will lead to death by a thousand cuts. This drives loss of trust and engagement from the employee base and comes across as lacking in a well defined strategy and vision. They may layoff their low performers, however the top-performers will leave on their own because they can (they are top performers after all, they have options!).

Pushing through a 3rd round of lay-offs in less than 12 months at best comes across as pandering to investors (which based on the stock price is clearly not working). At worst it becomes a sign of a company that is in a downwards-spiral free fall and has no clear long term strategy or conviction for success.

If they have to do a 3rd round, fine do it, but make sure it is in service of a clear strategy to drive long term success and make sure it is the last one.

Official word from the executive team is that no further layoffs are currently planned. But, if numbers are bad again, they will do what they have to do, and THIS DOES INCLUDE FURTHER LAYOFFS as
Part of those “do what they have to do” remedial actions.

So officially, they are saying no? But very very clearly leaving their options open for further RIFs.

How this is going to play out, is that we are going to see a continuous, ongoing RIF of select people happening all the time, coupled with accelerated attrition S the remaining people at AYX who have their sh!t together and are in demand from other, healthier companies, leave AYX on a continuing basis.

So, the first round of layoffs at the end of 2022/early 2023 was around 150 people. Next was the “11%” layoff of 325-350 people in April. Followed by the “Q3” layoff of 150-175 people.

Conservatively, that’s around 650 people in just 8 months.

Expect to see another 100-300 people gone on a stealth basis by the end of 2023. That should bring total layoffs up to nearly the 1,000 person level, or pushing 30+% of the company employee base as of the end of 2022.

MUCH higher than just about any other tech company out there.

Utterly DEVASTATING to so many people whose lives have been shattered because of it. Yet the C-suite executive team rolls along with their $10-60 million annual total comp packages. Zero sacrifice by any member of the executive team. The poor employees take the brunt of the punishment. Yet overt and outright racism is brushed u see the rug.

What do you mean by woke?

Yes. Way too much money being spent on useless influencers and sponsorships. This is due to the Woke CMO who doesn’t get who Alteryx customers are and what they do. He wants to be a “modern marketer” whatever that means.

They should cut their marketing budget. Do they really need to have so many webinars with celebrities?? Or pay out gift cards to "VIP" influencers?

The lengthy duration of the layoff (August 8 to November 15) is similar to the previous rolling layoff (late December through April 15) indeed to both cover some states' WARN provisions, as well as for EU regulations.

Layoffs will be continuing in smaller numbers going forward, through November 15. Most all of it will be under the radar. If business does not measurably improve in Q3 and Q4, there will be additional layoffs (and another rolling layoff period identified) in Q1 of calendar 2024.

SA lists 2,850 employees. How many are at the Irvine HQ? Because I drove by on Thursday mid-morning and it looked like a ghost town. In fact, it always looks dead when I drive by.

This is one of those companies, you probably could slash half the headcount and still produce the same output.
I wonder how many of these hard-working remote employees on any given day are at the gym, or as I was Thursday, at the US Open of Surfing. Given the surf motif in the lobby, I bet some in the C-suite were busy there vs. working for shareholders.

This is the most pathetic post I have ever seen.

Here is where I want the TRUTH:

Do these lay off people lay off people they don't like? Do the managers/ VP'S get to choose?
I know 2 people who were let go . 1 was out of control and didn't have a good reputation. The other was great and did well.
Am I to assume that it is a random mix?? Another one is those that have not been there a long time so that's common but what about those that have been there a while?

SA lists 2,850 employees. How many are at the Irvine HQ? Because I drove by on Thursday mid-morning and it looked like a ghost town. In fact, it always looks dead when I drive by.
This is one of those companies, you probably could slash half the headcount and still produce the same output.
I wonder how many of these hard-working remote employees on any given day are at the gym, or as I was Thursday, at the US Open of Surfing. Given the surf motif in the lobby, I bet some in the C-suite were busy there vs. working for shareholders.

Here is what this means :
These layoffs are now titled WRP : Workforce Reduction Plan. It's meant to be the umbrella under which there is a rolling layoff. This covers them under the WARN act . They are giving themselves coverage to lay off people the next quarter and consider it sufficient to meet requirements of the WARN act. Secondly it's gradual so the impact is not quite as numerous as the one lump sum in the April layoff which was splashed all over the news. Answer? Most likely, depending on the success of the quarter

Stop using Doniel as your posting name.

Get educated on the EMEA process. I don’t know what doc you’re talking about, and likely in reference to the duration required to complete process in EMEA.

What doc?