kindagoodae profile picture
kindagoodae profile picture

kindagoodae

Account Executive

Executive
Opinionated
Valued Contributor
+5

**UPDATE***Company just announced SKO next year is remote -- something to worry about?

Context: Company that had layoff last December and it has been a rougher than expected year company wide. Sales call it was announced that the annual SKO is going virtual next year instead of in-person. CRO said the famous words: "Don't look too much into this"


Should I update the resume and start looking?


UPDATE: 10% of our U.S. based workforce is now offshoring to the Philippines. 100 folks were either let go yesterday or will have their roles ramped down through the end of the year. Mostly non-sales roles but Sales was impacted some.

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30 comments

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Sunbunny31
Politicker
7
Sr Sales Executive 🐰
It's expensive to host one of these offsite meetings, and moving to virtual is a good way to cut fluff. It's a smart move.
That said, as wolf said, always be looking. It doesn't hurt to be networking and starting to put some resumes out.
sketchysales
Politicker
2
Sales Manager
Agreed, a great way to cut the fluff and much better to cut a couple 100k off the expenses as opposed to laying off a couple of people.
HVACexpert
Politicker
1
sales engineer
Yes, ABN - always be networking as well. Reach out to any recruiters you know too. No harm in checking in on the job market
jefe
Arsonist
1
🍁
Smart move for sure. Might not mean anything, but very well may...
Be ready but don't stress too much.
kindagoodae
Executive
1
Account Executive
That's the approach I'm taking. Just put my head down but keep an eye out.
jefe
Arsonist
0
🍁
Good good. Don't let it get to you
FinanceEngineer
Politicker
6
Sr Director, sales and partnerships
You should always have an out. This is never good news. I believe the words are “cost containment.”
DataCorrupter
Politicker
3
Account Executive
Agreed with this. It's a sign of fear at the c-level. They're seeing the numbers and are fearful. What's the most justifiable big ticket item you can cut with the least amount of push back? SKO.
Maybe I'm crazy, but yeah, I'd read into this.
FinanceEngineer
Politicker
3
Sr Director, sales and partnerships
It’s the stage right before they can justify cutting sales headcount. Gotta watch out for yourself.
DataCorrupter
Politicker
0
Account Executive
Really well said.
kindagoodae
Executive
0
Account Executive
Appreciate both of you. Should also throw in PE owns the company. Been that way for a while. I'm talking casually with folks always.
FinanceEngineer
Politicker
0
Sr Director, sales and partnerships
Yeah, you are perform or out mode, and even just run the engine without shaking the tree too much.
wolfofmiami
Opinionated
4
🐺
ABL - Always Be Looking
CuriousFox
WR Officer
3
🦊
Ours have been remote and honestly I prefer it. Takes too much time out of the field.
Sunbunny31
Politicker
0
Sr Sales Executive 🐰
Plus you're not coming home after contracting something from a colleague.
kindagoodae
Executive
3
Account Executive
I'm not against the idea of it being remote for those reasons actually. It's just atypical from the company and with it being a down year all around just didn't know if it was a symptom to a larger thing.
Sunbunny31
Politicker
1
Sr Sales Executive 🐰
It may be. Or it might just be a company being sensible with expenses so they don’t have to take more extreme measures later on. Just keep paying attention and do the best job you can.
Pachacuti
Politicker
1
They call me Daddy, Sales Daddy
(1) always have a foot out the door
(2) remote does save costs, but maybe there’s nothing big to announce
sketchysales
Politicker
1
Sales Manager
Cant agree with number one. If you have a foot out the door you will never be fully brought into your role and will never succeed.
Doesnt mean you wouldnt network/be on the watch for another opportunity.
Beans
Big Shot
1
Enterprise Account Executive
Always be ready, but this screams money saving tactics.
How are the teams numbers? Were there any layoffs?
kindagoodae
Executive
0
Account Executive
Team as a whole is down compared to expectations. No layoffs other than PIP's. 20% Riff last December.
HappyGilmore
Politicker
1
Account Executive
Always be looking and keeping an eye on things elsewhere.
Diablo
Politicker
1
Sr. AE
You never know, we had a similar situation last quarter and then came the lay off news
Coffeesforclosers
Notable Contributor
1
Director Sales and Market Development
Dont look into this= Look very hard into this
0
BDM
Focus on costs can mean multiple things. Either it's going bad or they are preparing to sell the business or,...
saaskicker
Celebrated Contributor
0
Enterprise AE
PHX more of a red flag than remote in my opinion
pirate
Big Shot
0
🦜☠️ Account Executive
We also have a virtual one. I don't think it's that weird. Before the pandemic we had SKO in Las Vegas every other year
ThatNewAE
Big Shot
0
Account Executive - Mid enterprise
Naaah, not a red flag. It's okay. Company is saving money perhaps. But be on the lookout.
PhlipOut
Politicker
0
Account Executive
dude so many companies are doing it remote. especially after doing layoffs etc. easy way to save a ton of money
Wellss
Tycoon
-1
Channel sales
I'm actually in a similar position so reading through these comments is insightful. Ours was originally pushed back & although they haven't officially announced it will be virtual, they've already thrown it out as an option

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