TennisandSales profile picture
TennisandSales profile picture

TennisandSales

Head Of Sales

Politicker
Acclaimed Answer
Executive
+9

Gravy....laying off 95% of sales team?. Damn Sahil.

Fuck. 95% of the sales team????


Add them to the list I guess.


I do not know a lot about Gravy except I follow their CEO on Linked In.


Every time I see a post on LI about these lay offs I think of two things:


  1. Im glad I still have a job.
  2. Damn.....was @sahil right? have we hit the percentages he projected???


Also who is keeping that list??? Add Gravy to it!

🐱 Off-Topic
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27 comments

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CoorsKing
WR Officer
6
Retired King of the Coors Knights
Series A-B companies seem to be getting hit hard, but I still don't think we are anywhere near "20% of all sales reps losing their jobs". Probably around 5%.
Gasty
Notable Contributor
6
War Room Community Manager
Yep. Sahil was right. He warned in almost all his posts on Linkedin from 2-3 months back that this would happen. 

95% is absolutely ridiculous though.
Sunbunny31
Politicker
4
Sr Sales Executive 🐰
So I've never heard of them, and a simple Google search led me to recipes and nearby restaurants.  

That just might be part of their problem, but what do I know?
CuriousFox
WR Officer
8
🦊
I like gravy very much. Especially on fluffy country biscuits. 
Sunbunny31
Politicker
4
Sr Sales Executive 🐰
As a fan of Kitchen Nightmares, I am flashing to the "Campaign for REAL GRAVY".

For me, loving the gravy on Yorkshire Pudding.   Mmmmmm.
NotCreativeEnough
Big Shot
4
Professional Day Ruiner
never heard of them. any small startup is going to struggle as VC's tighten their belts and aren't willing to give out as much money. 95% is nuts but I'm not surprised to see see little companies fall. 

I highly doubt we'll ever get close to 25% of all sales reps losing their jobs. think about how big sales is. That encompasses every industry, not just tech. Car sales, medical, home improvements, realtors, insurance, the list goes on. If 25% of all sales people lose their jobs the economy would have to be the worst the world has ever seen. 

Sahil is a clown and I have yet to see him post something actually insightful/helpful. Everything he posts about and says is to drive traffic to this platform. Which is fair, he's the CEO and wants it to be successful. But pandering for clicks =/= wisdom. 
Coffeesforclosers
Notable Contributor
3
Director Sales and Market Development
He did call the layoffs though prior to them starting to happen. I found that pretty insightful. 
NotCreativeEnough
Big Shot
-1
Professional Day Ruiner
a bad economy will always lead to layoffs. saying 25% though.... that's just insane
SADNESSLieutenant
Politicker
4
Officer of ♥️
My company keeps hiring every week
braintank
Politicker
3
Enterprise Account Executive
Same. Stay strong 💪
TennisandSales
Politicker
1
Head Of Sales
mine too. not in sales but you know....the other roles 😂
ABX
Opinionated
4
Account Executive
What a stupid company concept. What actual percentage of customers "unintentionally churn" due to old card data or even virtual credit card usage? If you're churning due to bad card data, I'd be willing to bet it's due in part because you're using Privacy.com with a preloaded card balance... IE: it was intentional, a user did this to pilot the software and this company is just labeling it unintentional because the charge is labeled as "insufficient funds".

So many software companies exist in a bubble of self delusion with how big their possible market share could be, or if a need even exists for their product.

This is all to say that dumb companies with a half-baked fit like this one are absolutely going to be flushed.
Justatitle
Big Shot
3
Account Executive
There’s always corrections and it’s not just sales that get hit by layoffs. Usually sales is the most needed department because the company needs to sell product or they’re really fucked. It’s usually marketing reps and other departments that get hit first. Also if you’re not producing as a sales rep it’s likely you weren’t going to be there long with good times or bad.
sketchysales
Politicker
3
Sales Manager
I personally think it's very much industry specific the layoffs.  I know other industries which still are struggling to hire never mind fire.
TennisandSales
Politicker
3
Head Of Sales
totally agree!! not every industry/vertical is being effected the same way. 
ChumpChange
Politicker
3
Channel Manager
Sales Manager for a Series B here.  No layoffs yet.  Caution from Finance to be mindful of expenditures and investments.  Still looking strong on my end. HIGHLY doubt it's going to be anything above 10%-15%.  Most of the tech companies had exponential growth during COVID and now that the pandemic is over... things are slowing down and now they're looking at budgets/resourcing for this next recession that's about to hit.  
CuriousFox
WR Officer
1
🦊
This makes sense since many are being forced to return to work. I love working remotely. 
Pachacuti
Politicker
2
They call me Daddy, Sales Daddy
And they got like $4.5m in funding less than a year ago.
CuriousFox
WR Officer
1
🦊
👀
braintank
Politicker
5
Enterprise Account Executive
$4.5m is like a month of runway
AessK
Politicker
2
SDR
95% is bonkers... 
Annonny
Big Shot
2
Account Executive
Some of our ppl in one of our other locations got let go of too. I think its about to hit the fan here in HQ too! 
champchamp
Arsonist
1
Certified Savage
Was it really 95%!?!? At mine we are at 65% and thought it was insane already 
TennisandSales
Politicker
0
Head Of Sales
thats what the interwebs say. 65% is insane!! hahah
jefe
Arsonist
1
🍁
Wow..

Their CEO is all about building a LinkedIn brand these days, selling like mentorship spots.
StartupGuy
Catalyst
1
VP of Sales
Usually sales is the last department to be let go, but this time around, it seems sales is being targeted pretty heavily with layoffs.
AnchorPoint
Politicker
1
Business Coach
No sound business can afford to "layoff" good sales professionals.  PERIOD.

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