PTC reviews about "layoff"

Uncertainty, layoffs, complex product, m&a

Layoffs are commonplace every quarter depending on the share price. Product first, not customer first. And not even emproy-first.

The company runs lean. Meaning one person does the work of 2-3.

I’ve been working as an SDR at PTC for a while now, and I have to say, it’s been a mixed experience. On one hand, the role itself can be rewarding, but on the other hand, there are some significant challenges that make it tough to recommend. One of the biggest issues is the promotion process. Despite all the talk about internal promotions, it feels nearly impossible to actually move up. I’ve seen colleagues who are just as dedicated and hard-working struggle to get recognized. It’s frustrating, especially when you’re putting in the effort. Another challenge is the lack of organization within the teams. It often feels like we’re all working in silos without clear targets. Additionally, the director seems to have no influence over key stakeholders, which leaves us vulnerable in situations like layoffs or other uncertainties. Overall, while there are some positives about being at PTC, the lack of clear pathways for advancement and the disorganized environment make it hard to feel optimistic about long-term growth here. If you’re looking for a role where you can really advance your career, you might want to think twice.

I was constantly in fear of getting laid off since PTC had annual layoffs every year while I was employed there for over 6 years. Finally, my time came and I was laid off after reaching a director level position.

Layoffs Less Growth Leadership Product

Regular layoffs is a normal thing

Merit increases are insulting every year. Layoffs are a constant threat for many teams. The company value and ARR soar while wages and bonuses remain stagnant.