Yes, they laid off about 100 more people last Monday.
I'm hearing about another round of layoffs today. It just keeps bleeding.
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.
Since Trump is such a great president it must be all his doing. It must be the
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.