PE-driven layoffs are scheduled to begin on Tuesday, May 28 and be complete on Friday, May 31.
Current overall layoff targets are 900 employees — more than one-third of the employee base.
In the US, minimum legal severance will be given to employees let go. For US employees, they will be ineligible to receive the June 1 RSU vesting payouts, as they will not technically be employed by Alteryx after May 31.
Be prepared for a very tough time ahead.
In any case, if you do receive a severance agreement in writing, do not sign it on the spot. Take the time you legally have, talk to a lawyer.
Andddd nothing lol
These rumors are coming from inside the company, from people who know. And although the details on dates, RSUs, and severance are not confirmed (and seem to be changing a lot), the 30%+ number has been consistent.
The biggest issue I see is how hard they worked everyone last year. They had a huge sales goal, and everyone knew they were angling to get bought. They denied it out loud, but many sales leaders confirmed it confidentially. They made giant money, then sold the business with too low a stock buyout, and huge payouts to key players/former owners/leadership. All those people are set for life, and too many employees will be “rewarded” for that hard work by losing their livelihood and health insurance, and all that goes with at.
It’s just wrong on every level.
No RSU's, no bonus, no equity, and no sales commissions which is why PE is having the layoff this week before June commissions and RSU vesting.
Where is Paula's leadership mentoring women and lifting them up?
She is walking them straight to the unemployment line.
In a brutal economy where everything is exponentially more expensive this will push women further back in their ability to thrive.
I have heard that date as well internally. The number is higher than I have heard though.
I guess it's difficult to release sources on here right. I only found this webpage when I searched for what I heard at work. No smoke without fire.
Well, if you get hit late in the month, don’t expect to have healthcare into the next month without paying COBRA premiums.
Good luck!
And to the person saying there is no federal minimum severance - that’s correct. They’ve been paying state minimums from what I have heard.
I've heard of the same dates from a couple of folks from HR, Legal and FP.
Heavy support function cuts & some middle management sales leaders.
Meanwhile I asked my manager abt these and all he can do is play Mr Avoidant & simply talk abt automating our jobs tasks. If that's not a major red flag, then what is?
No source no truth. Although there are multiple rumors , enough to take seriously about a post inspire layoff, 1/3 of the company is ridiculous. Stop people - unless you have a source
What I find infuriating is that if you're going to lay off that many people, why go through this elaborate conference right before? Why tell all the product people and engineers they are great and have sales people tell their customer to buy all this stuff when many of those people won't be around in two weeks to close the deal? Won't customers be annoyed?
if they are really going to gut the company by such a massive amount, can paula and suresh really be in a state of mind to where they can deliver inspiring talks and customer conversations at inspire?
Either the layoff rumors (or maybe just timing) are lies or paula and suresh are more despicable than I thought they were
Another fear mongering post where OP never explains how they know something no one else knows and when pressed on it they never can answer
Warn act is 60 days… this is all a shitpost
Rumors of both the week after Inspire and Memorial Day week are out there.
Guillotine Week will be starting on Tuesday May 28. That gives folks Memorial Day to celebrate their last day as an Alteryx employee and get cheated by mere days out of their RSU payouts.
There’s no such thing as a minimum US legal severance.
Plus the word on the street is layoffs are happening week after Inspire.
The one third includes people who already left on their own accord so actually a lot less people will get let go than you are posting.
Where did you get this source? Please confirm.
That just made this month a lot more anxiety-inducing. 😔 Time to ask my doctor for Klonopin.