AM I NEXT? NO LOVE AT THOUGHTWORKS (08/10/23)

AUGUST 10, 2023 — ORGANIZATIONAL RESTRUCTURING WITH UP TO 700 EMPLOYEES AT RISK OF LAYOFFS.

Thoughtworks has announced a restructuring plan that will lead to a reduction in force of 5-6% companywide.

According to an SEC filing, “Following a detailed review of its business, Thoughtworks is announcing a structural reorganization that will:

(i) move its operational functions from a geographic to a centralized model,

(ii) create a new organizational home for the majority of its client-facing workforce, our Digital Engineering Center, and

(iii) evolve its regional market structure. Centralizing operations globally will reduce overall costs, better align its resources to strategic priorities, right-size its operations, and increase operational efficiencies.

The new Digital Engineering Center will provide supply across the regional markets and allow the Company to optimize resource allocation globally to better align with clients’ needs. Finally, these changes will enable its regional markets to have a more client and industry-based go-to-market focus while continuing to fund our investments in demand generation.

The majority of the actions will be taken in the third quarter of 2023 and are expected to be completed within the next twelve months. Upon completion of the program, the Company expects to impact approximately 5% to 6% of our employee headcount globally. The majority of the annualized cost savings will come from reductions in operating spend, particularly in non-client, back-office functions.

MARCH 7, 2023 — Original Post…

Chicago, Illinois-based Thoughtworks, a technology company providing agile-based software design, tools, and consulting services, has announced a reduction in force.

The personnel realignment will impact 500 employees or approximately 4% of the company's workforce.

According to a company spokesperson, “We confirm that we have made the difficult decision to reduce our workforce by about four percent globally. We did not make this decision lightly and regret that we had to say goodbye to some talented and passionate Thoughtworkers. These changes were necessary to support the future growth of our business.”

Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?

AM I NEXT? NO LOVE AT PEGASYSTEMS

SEPTEMBER 16, 2023 — 240 EMPLOYEES TO BE LAID OFF

In the second 4% job cut this year, the company has announced it’s laying off 4% of its workforce, or 240 employees as it reorganizes customer success roles.

According to the company, "These will be go-to-market roles in order to simplify our client engagement approach and better support our business strategy. The workforce reductions are part of the company's goal to improve its go-to-market operating model.

JANUARY 18, 2023 — Original post…

Cambridge, Massachusetts-based Pegasystems, a software developer specializing in customer relationship management and business process management, has announced a reduction in force.

The planned personnel alignment will impact approximately 4% of the company's workforce, an estimated 245 employees.

According to a company spokesperson, the company is "engaged in a detailed review to further improve our go-to-market operating model, drive role clarity and accountability, enable greater efficiency, and sharpen our client focus."

"We, like many others, are operating in a volatile business environment and need to adapt and manage our business accordingly to best support our clients, shareholders, and employees."

Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?

AM I NEXT? NO LOVE AT VIMEO (01/04/23)

JANUARY 4, 2023 — 11% OF THE WORKFORCE SCHEDULED FOR LAYOFFS

The company is planning another round of layoffs…

In an email to staff, Vimeo CEO Anjali Sud said the layoffs would impact 11% of the company’s workforce. “This was a very hard decision that impacts each of us deeply, It is also the right thing to do to enable Vimeo to be a more focused and successful company, operating with the necessary discipline in an uncertain economic environment.”

According to a company spokesperson, "With this reduction, we are well-positioned to both invest in our growth priorities and be sustainably profitable, with a strong balance sheet and a leading market position in enterprise video. We believe in the fundamental strength of our business and our strategy and that we have the resources and team to continue innovating to bring the power of video to every business in the world."

JULY 28, 2022 — Original post…

New York City, New York-based Vimeo, a video hosting, sharing, and services platform, has announced a round of cost-cutting on the belief that the United States may enter into a recession.

The cost-cutting will impact 6% of the company's workforce or approximately 72 employees.

Vimeo CEO Anjali Sud, posted a message on a message board, "Today I shared the difficult news with our team that Vimeo is reducing our workforce by 6%, in order to give ourselves the financial flexibility to come out of this economic downturn a stronger company."

While it might seem like we’re just another tech company confronting this new reality, there is no comfort in being one of many. Our people are what make Vimeo great, and losing any of them is a personal failure that I feel deeply. It’s a sad day having to tell colleagues you care about that their job has been impacted by events beyond their control.

We have truly incredible people leaving us. I have worked with many of them side-by-side over the years, and it’s because of their work that Vimeo has innovated and scaled. So I’d like to ask the extended Vimeo community of employees, alumni, partners, users and supporters to consider this talent pool in your next hire. If you know of an opportunity, please reach out to vimeotalent@vimeo.com so our team can connect you with anyone relevant who is leaving us.

For Vimeans, we will look to honor our colleagues’ contributions by continuing to build Vimeo to transform the way people communicate with video. Our leadership team and I are all in: on our strategy, our ability to win in an enormous and early market, and our commitment to building a world-class business. As a company we will continue to adapt, be resilient, and prove our beliefs— that sometimes means hard choices, which we will always make with care, empathy, and a long-term view.

I’m posting the full text of my internal email to employees here, and will be focused today on my colleagues and on moving Vimeo forward."

Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?