More to come at the end of Q3 with deeper cuts to sales and more management layers going. Mike has been given CRO status with the objective to get to profitability by the end of the year so the only way he can do that is cut more cost. Sorry but more to come and I would predict at least another 500 by the end of the year to to get to around 1500 globally.
This sounds likely, @1exf+1tr2cGu3.
Appian is dead. Leadership needs to sell or fire themselves
Pega lives rent free in Matt Caulkins head.
Quite possible. Appian leaders are delusional and out of touch with reality. They need to go or acknowledge their failures and do things drastically differently. Quite a few companies that IPOed at same time as Appian are doing 10x revenue and are 50x in market cap. And Appian is languishing somewhere at the bottom of the pond. Clearly, leadership has missed the mark. Low-code wave came and went, they couldn't capitalize. No one knows about Appian. They need to focus on right use cases that people are actually willing to pay for, market hard to ensure people know that Appian solves those use cases. Instead, CEO has been focused on building delusional castles in the air about what the future should be as he sees in his head. They have their priorities so wrong. They wasted a year talking about Pega and going after them. It was quite petty. I was sick of hearing about Pega. Just focus on real, current market problems that you can solve. You owe it to the employees who are vested in you. Share price is going nowhere. Management doesn't seem to care, but guess what, your employees livelihoods depend on that.