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 PLAID

San Francisco, California Plaid, a financial technology company and the developers of an application programming interface to integrate and get transactional and account data from various financial institutions, has announced a 20% reduction in its workforce.

The reduction will impact 260 employees, primarily in the recruiting teams and support services. It is unknown how many software engineers are at risk.

According to Plaid CEO Zach Perret, “Our pace of cost growth outstripped our pace of revenue growth. I made the decision to hire and invest ahead of revenue growth, and the current economic slowdown has meant that this revenue growth did not materialize as quickly as expected.”

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 PERFORCE / PUPPET

Minneapolis, Minnesota-based Perforce Software, a developer of software used for developing and running applications, including version control software, web-based repository management, developer collaboration, application lifecycle management, web application servers, debugging tools and Agile planning software, has announced the restructuring of its recently acquired Portland, Oregon-based software company Puppet. Puppet is an information technology automation software company designed for system administrators.

The restructuring will affect 15% of Puppet's workforce or approximately 75 employees less than three months after being acquired by Perforce. The reason given was to “balance operational efficiencies with continued innovation and position the company for continued growth.”

A Perforce spokesperson noted, “We recognize and regret this realignment impacts hard-working and talented individuals and we will be working with each of them to ensure the smoothest transition possible.”

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?