Tbh I wasn’t paying attention, but in retrospect the signs were obvious:
1. We were owned by a PE company. I should have been more alert if no other reason, but this.
2. Company was banking on a strategy that wasn’t working. Not to go too much into what was happening, but the company had some established legacy products that most of the customers were still using. However majority of the hiring and work being done was all-in on there new suite of software under which the whole company revolved. However they were seeing very little adoption . I worked very close to customers and what I saw was that customers just did not want the new software. I didn’t do what they wanted and was filled to the brim with buzzword-tier features and concepts that no one really cared about.
3. There were a few signs my manager mentioned to me after the layoffs, but I hadn’t been paying too much attention to. There were some sudden reorg choices that didn’t affect me too much, but more than that, there was a seemingly desperate rebrand announced some time before. It didn’t make sense to me at the time, but in the context of 2) it seems more clear. There were also a number of curious lower level executive departures in the months prior.
It was a small SaaS company and they ended up dumping around half of us in late 2022. Not sure what they’re up to now. They’ve done yet another rebrand since and little information remains regarding the old company name and endeavors.
1. We were owned by a PE company. I should have been more alert if no other reason, but this.
2. Company was banking on a strategy that wasn’t working. Not to go too much into what was happening, but the company had some established legacy products that most of the customers were still using. However majority of the hiring and work being done was all-in on there new suite of software under which the whole company revolved. However they were seeing very little adoption . I worked very close to customers and what I saw was that customers just did not want the new software. I didn’t do what they wanted and was filled to the brim with buzzword-tier features and concepts that no one really cared about.
3. There were a few signs my manager mentioned to me after the layoffs, but I hadn’t been paying too much attention to. There were some sudden reorg choices that didn’t affect me too much, but more than that, there was a seemingly desperate rebrand announced some time before. It didn’t make sense to me at the time, but in the context of 2) it seems more clear. There were also a number of curious lower level executive departures in the months prior.
It was a small SaaS company and they ended up dumping around half of us in late 2022. Not sure what they’re up to now. They’ve done yet another rebrand since and little information remains regarding the old company name and endeavors.