Feb 7 2023 I was laid off- cost cutting measure: Here's the net result of that manuever.

I took this gig in December of 21. Running a small FinTech SaaS deal with 12 US sellers and an offshore BD team in the Phillipines. By May I was ramped. Processes built. On the way to 20 reps and things were going very fast. I was running most of the year at 90%-93% of an arbitrary goal. But a goal it was.


In 2021 they did $7.2M net money in the door. In 2022 we did $10.1M. 7 figures to 8 figures by my math, but they didn't share the P&L, so I had no idea what this meant for profitability. It must have been good because they threw $1M at developing a new product. Things were pretty rosie.


But, they clocked me in early February of this year. They thought they could use the process I built. No need to pay me anymore.


90 days later the rev is off nearly 50%. These screenshots courtesy of internal mole.


This is 5/26 2022 vs 5/26 2023 MTD collected rev. $630k v $339k



They're choking. Am I wrong to wish them more battery acid in their face?

๐Ÿ”ซ Job Separation
๐ŸŒ stateof sales 2023
17
Pachacuti
Politicker
8
They call me Daddy, Sales Daddy
Is It wrong as a general feeling, no. It sucks they let you after reaping the benefits of your labor. But maybe it was a true cost cutting exercise, you never really know.

The best revenge is a future full of success. So go get your revenge!
oldcloser
Arsonist
1
๐Ÿ’€
โ˜๏ธ true dis. Ok if I subscribe them to a few of them websites tho?
Sunbunny31
Politicker
4
Sr Sales Executive ๐Ÿฐ
Sweet, sweet schadenfreude. Just donโ€™t let it eat your liver.

(Way to get validation!)
oldcloser
Arsonist
0
๐Ÿ’€
Yeah- it ain't my problem any more. Dummies.
Maximas
Tycoon
3
Senior Sales Executive
No deals would close without having the oldcloser around.
Fact!
oldcloser
Arsonist
2
๐Ÿ’€
Thanks Maximus
Maximas
Tycoon
2
Senior Sales Executive
Welcome Brah!
oldcloser
Arsonist
2
๐Ÿ’€
If you needed some sales training and recruited me to do it, would that make me a training brah?

Memorial Day dad joke.
Fenderbaum
Politicker
1
Retired Choirboy๐Ÿช•
Groan... lol
Maximas
Tycoon
1
Senior Sales Executive
Lmao!
FinanceEngineer
Politicker
3
Sr Director, sales and partnerships
I hate wishing bad things on people, only success for me. Donโ€™t be a crab, but you can use it as affirmation of you and your process
oldcloser
Arsonist
2
๐Ÿ’€
Yeah, they say hate rots its container. Honestly, not my thing. But being 4 years old and throwing a big bag of "I told you so" would feel good
FinanceEngineer
Politicker
3
Sr Director, sales and partnerships
Canโ€™t disagree, and it is not something that will be helpful in life. I choose pity rather than spite.
oldcloser
Arsonist
0
๐Ÿ’€
Anenz, brother
CPTAmerica
Opinionated
2
President/CRO
Too big too fast. 20 reps is A LOT! Iโ€™d guess theyโ€™re about to reach the end of the runway and they canโ€™t raise more $$ to extend it.
oldcloser
Arsonist
2
๐Ÿ’€
Solid read. Self-induced implosion.
Diablo
Politicker
2
Sr. AE
I would not do it but thatโ€™s just being me :) Hopefully they might have realized their mistake (may be not) but who cares.
oldcloser
Arsonist
3
๐Ÿ’€
I donโ€™t even care enough to send one of those โ€œturd in a bagโ€ things to their front door for $39.99 with anonymous overnight delivery and photo proof. I donโ€™t.
punishedlad
Tycoon
2
Business Development Team Lead
I definitely understand the bitterness. I had a sales rep for a former employer reach out to me recently, trying to sell me. That former employer liquidated 60% of the company back in 2019. I never responded to his inquiry half out of spite, half out of not having a need for the solution.
oldcloser
Arsonist
0
๐Ÿ’€
People just canโ€™t get out of theyโ€™re own way sometimes. I donโ€™t really wish them a slow painful death. Maybe just a fly in their soup often. ๐Ÿคท๐Ÿปโ€โ™‚๏ธ
CuriousFox
WR Officer
2
๐ŸฆŠ
Heh heh heh heh.....
StringerBell
Politicker
2
Account Executive
Look, im not happy you got laid off but you could compare anyone's 2022 and 2023 numbers and it'd look worse in 2023 right now
oldcloser
Arsonist
0
๐Ÿ’€
Fair- totally.
HVACexpert
Politicker
1
sales engineer
It validates the work you put in but Iโ€™m sure there are still good people there that you like. Check that mental box that the oldcloser still has it and move on and go get that $$!
oldcloser
Arsonist
0
๐Ÿ’€
FINE! No battery acid.
Justatitle
Big Shot
1
Account Executive
Schadennfreude is a beautiful thing, but holding on to a grudge can be devastating. It's amazing what can happen when you no longer care about people who have wronged you.
Armageddon
Opinionated
1
Enterprise Account Executive
Wow, thats awful. Go out there and make them regret their decision!
oldcloser
Arsonist
0
๐Ÿ’€
I think they already are... not my problem anymore.
MattClark
Executive
1
Senior CyberSecurity Consultant
Only wrong because that'll eat you alive from the inside out. Mourne it for a period of time and then wish them the best and forgive them for their stupidity. Unfortunately, unless they are wishing they hadn't let you go, you're the only one wasting brain space on it.

Move on. This business is brutal. Onward and upward with a memory like a hamster is the only way to go....easier said than done.
oldcloser
Arsonist
0
๐Ÿ’€
Long since dismissed. Nothing like a war room rant for burial. Appreciate the thoughts โœŠ
MattClark
Executive
1
Senior CyberSecurity Consultant
So weird, it sorted this post to the top of my feed today.
oldcloser
Arsonist
0
๐Ÿ’€
All good. Your comment was a solid reminder. Hate rots itโ€™s container.
16

FEELINGS- Your commission is annual (ARR) but the customer paid monthly (MRR) and if there is a churn in the next few months, the company will deduct by increasing your quota and taking the equivalent amount $$ from your quota in the next month.

Discussion
17
21
Members only

Target has been increased by 5x, and the commission against that has been reduced significantly. How do you work with something like this?

Question
28
10

What is normal % increase for annual targets year over year?

Question
16