Pros
My manager and team were awesome, the culture is friendly but that's the main bright spot here.
Kontras
The C-suite's recruitment strategy in expanding the team across the US, North, and South America seemed promising at first. However, they ended up letting many of us go right before the one-year mark, despite the inherent complexities of our product and sales efforts. The deal maturity and sales cycle are notably long, especially when dealing with core product replacements in the banking industry, which are time-consuming, expensive, and complex due to the transition from legacy systems to modernized cloud architecture. While several factors have contributed to the company's situation, it's important to note that the company is well-funded. At the beginning of the year, we were assured that there was enough cash in the bank to sustain us for a few years. However, we were recently informed that our investors are dissatisfied and want their money back. Many of us were actively engaged in our roles, supporting key commercial team reps who were driving significant momentum headed into 2024. It is indeed unprofessional and unjust to lead us to this point and then abruptly let us go. What truly exacerbated the situation was the timing of these layoffs, just days before our shares vested. This is not only unethical but also contradictory to the company's stated values and work policies. The actions of the leadership have eroded trust, and it's advisable to exercise caution and consider other options.
