Depending on the financial results, it's safe to say that there will be 2 other layoffs in the coming months. PE wants to squeeze what they can from Ayx.
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Insight 1) invested in Alteryx and invested a lot, 2) Ayx leadership pi---d it away via hiring inadequate buddies and acquaintances, and 3) PE firms are trying to stop the bleeding and regain their losses. It's really that simple. Wake up.
Current Insight leadership from Insight (board of directors, whatever) have spent about 90 minutes talking to the employees.
Can't help but wonder where they found that young dingbat from Insight who said everything can be outsourced. He's the type of guy that if you gave him bread, cheese and meat, he'd still get confused on how to make a sandwich.
Top class business individuals. No doubt.
@Anonymous (multiple "Anonymous" posts), it's a FACT that there will be other layoffs. The fact that you dispute this shows that you have not spoken to the current people that have been temporarily retained to offload their responsiblilities to those in India and Prague. Saying "PE Twats" shows immaturity from those in the UK that that are in denial and "this post is BS" etc., show that you are both apparently new to this corporate American behavior and really need to wake up to the reality of this company. Insight 1) invested in Alteryx and invested a lot, 2) Ayx leadership pi---d it away via hiring inadequate buddies and acquaintances, and 3) PE firms are trying to stop the bleeding and regain their losses. It's really that simple. Wake up.
They let 600 employees go with barely an severance why on earth do you have any faith in this company?
I don't believe they have a planned RIF. However, there will be 1) layoffs from employees who were retained on a temporary basis, and 2) layoffs corresponding to office closures as the company's real estate presence dwindles. Neither of these should come as a surprise.
CPO and CRO will cash out with a MILLION$ and everyone else is going to work hard to earn a paycheck, they have the Golden HandCuff$
Check the proxy filing (pg 85)
https://www.sec.gov/Archives/edgar/data/1689923/000119312524019557/d659085dprem14a.htm
“Isn't this how it played out at Quest Software? Same playbook. Not everyone is a troll even though it sounds like it. Do your research.”
Sure there are people on this forum who said the truth based on what they knew from inside information.
However the OP, based on his post, has no insider info and just going by the sentiment that PE firms are bad and do a lot of layoffs.
Pretty weak stuff, even by “TheLayoff” standards
Isn't this how it played out at Quest Software? Same playbook. Not everyone is a troll even though it sounds like it. Do your research.
This post is a bunch of BS. No further layoffs are in the works.
Not to mention the constant trolling that people at Insight are responsible for these posts. Nope.
Get a life, troll.
Is that your opinion or you actually heard this? Sounds like you are making this up with no backing.
It's safe to say that fear-mongering posts such as this one are designed to get people anxious.
What's disgusting is that they are coming from two immature individuals at Insight Partners.
The PE twats have nothing better to do but post inflammatory messages.
Their actions only demonstrate that, no matter how much money they accumulate, they're still losers.