1 Feb 2020
Tradeshift Response
6yThank you for your feedback.
The restructuring is not taken lightly. We recognize the impact on those who are leaving us and the contribution they made to help Tradeshift become what it is today. Intending to help those employees affected by the restructuring to have a soft landing, we provided severance pay that was much higher than legal requirements globally, provided bonuses, offered career search assistance, and other severance benefits.
Over the last month, as promised, we secured funding that will be used to help accelerate our growth and help provide a sustainable path to profitability in the near future (https://spendmatters.com/2020/01/14/tradeshift-has-240-million-funding-round-plans-to-restructure-and-focus-on-near-term-profitability/). The additional capital will be used to further drive growth across core product lines. We are conscious of the need to grow and grow responsible near term profitability; and sought to address our costs to bring overheads in line with revenue.
It's clear from your review that this restructure has been an emotional experience for you, and we regret that it has caused such a negative impact. As an engineer who was with us for over 3 years, it is shocking to read this review, and if things you suggest were true that you would choose not to speak to anyone about your concerns or voice it in any of our multiple feedback channels. While it is a fine line from coming off as defensive, it must be stated that you have written a review full of things that are quite unrealistic for anyone to believe (sleeping at your desk for 3 hours when we have an open floor plan - really?), and simply not true. Our lunch is catered through Platterz (www.platterz.ca/) and while you may not appreciate the quality, they do have an impressive list of clientele and local restaurants they use. The calendar for our corporate apartment is visible globally for all employees to see and book, and there is no evidence of misuse (nor has anyone ever made such a claim). We don't have engineering interns, our products do work (generating millions in revenue and thousands of new customers last year), there are no FCA claims or investigations. We also believe your comments about women are sexist and disrespectful to the women colleagues you once worked with.
It's a shame your anger and bitterness have resulted in such slandering and untruths but I hope you can find some peace and can move on. If you have been affected by the restructuring and are no longer with us, we suggest that you take advantage of career services provided.