Turn over in the very wrong way - Senior IT Manager Valtech Employee Review

Avoid this company. Over the past couple of years, things have deteriorated dramatically. Although the company is still profitable, it is under heavy pressure from investors who aren’t getting the results they expect. The consequence has been monthly layoffs, with no real strategy to stabilize the situation. Since 2024, my understanding is that nearly 600 employees have been laid off in North America alone, and around 1,500 worldwide. Clients are fully aware of the constant departures and the lack of decisive leadership. Many are choosing to leave as well, creating a vicious cycle that the company does not seem able—or willing—to address. The work environment has become extremely toxic. Talented employees are let go, often to be replaced in lower-cost regions. Business performance continues to decline, and current leadership does not appear capable of turning things around. Many of the strong contributors have already left, or are actively trying to. In addition, the organization is struggling through a difficult cultural shift following multiple acquisitions. Senior leadership is pushing a consulting model in which employees feel like numbers—easily replaceable at any moment to save costs. There is a severe lack of vision, alignment, and cohesion. Everyone is moving in different directions, morale is dropping fast, and negativity is spreading across teams. Over time, I lost trust in upper management and ultimately decided to leave, especially as so many colleagues resigned, were openly planning to leave, or were laid off. I used to genuinely enjoy working at Valtech, but the company has changed drastically. I cannot recommend joining on a permanent basis at this time. The company motto is said to be “Share – Dare – Care.” Unfortunately, in my experience, this could not be further from the truth. No one shares, no one cares, and the culture has become extremely unhealthy.