Utah

Provo's InsideSales cuts workforce

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  • That BT Hacker Lindon, UT
    March 18, 2017 12:32 p.m.

    VCs tied this to the $50 million round in January. VCs told them to focus on most profitable segments as shown by the press release and get rid of the other stuff if they wanted the $$$. VCs run the show for their own good, not for you.

  • Shaun Sandy, UT
    March 18, 2017 12:56 a.m.

    Since Trump is such a great president it must be all his doing. It must be the Trump effect.

  • UtahBlueDevil Durham, NC
    March 17, 2017 2:41 p.m.

    It smells like they are being prepped not for an IPO, but for sale. Trying to get the right balance that would make them an attractive takeover prospect. You don't wipe out that large percent of your workforce, saying you're going to hire in other areas, and expect employee productivity and trust to increase, or even stay the same. Companies that take such draconian steps are not going to entice the best of what is out there to come and take a chance on you. If InsideSales didn't understand that, there are greater issue. I don't think that to be the case though. It smells like their management doesn't think they can grow organically on their own anymore, and rather than build value through growth, they want to grow value by having the right sales to employee margin.

    Could be wrong.... but I would be surprised if I were.