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How are our SaaS guys/gals hanging in there right now?

There seems to always be more bad news about the tech sector, today it was another round of layoffs being announced. How are those of you in the space handling all of this upheaval?


Feel free to use this thread as an outlet, a shoulder to lean on, a place to share intel on companies still hiring, and more. We have a large network here that can bring a lot of value to other salespeople separate from the type of services or companies you sell for or sell to.


Wishing everyone the best,

๐Ÿ™ Mental Wellness
โ˜๏ธ Software Tech
๐Ÿค Networking
11
SaaSam
Politicker
10
Account Executive
I've said this maybe on 4 different threads, and I never mean for it to come across as braggadocious, but I'm not the least bit worried. My company is owned and run by an intelligent guy. We're bootstrapped, beyond profitable, and surpassing revenue goals month over month.

That being said, I wish we were hiring more sales folks so as to help some of you that have been laid off by lesser companies, but the need isn't there yet.

My CEO always talks about building your company with the client's money. It's slower to start but better than laying off half of our workforce because we are beholden to VCs.
Telehealth_2the_Moon
Notable Contributor
2
Director of Business Development
That is a good spot to be in, and in the rush to be the next WeWork/Uber/Etc. the focus on growth through ridiculous valuations and fundraising seemed to become the only way anyone wanted to do anything in the software space. Glad to hear things are still strong for you and the team!
SaaSam
Politicker
2
Account Executive
Our CEO is a smart dude and enjoys building companies which I'm sure is why he's not in any hurry to find funding or anything
cashmachine
Catalyst
0
AE (Account Executive)
curious, what niche are you in?
FinanceEngineer
Politicker
0
Channel Sales Director
Thatโ€™s exactly what my company does. We are set up to only expand as we bring more customers on. It makes the ARR growth mandatory, but we get enough cash flow to keep the business running
braintank
Politicker
5
Enterprise Account Executive
Had 2 great meetings today and my SDR booked 2 new calls. Great Monday to be in cloud security.
Telehealth_2the_Moon
Notable Contributor
1
Director of Business Development
That does sound like a good day and a good market to be in right now. I'm happy for you!
ADudeBeingAGuy
Politicker
2
Account Executive
I feel fine thanks for asking :)ย 
CuriousFox
WR Officer
1
Senior Account Executive
Who were the layoffs today? I've been slammed.
Telehealth_2the_Moon
Notable Contributor
1
Director of Business Development
I don't recall the specific companies, just the news about how layoffs have continued to accelerate last week with more expected this week. I'm tech "adjacent" so less up to speed on the specifics of the market.
hunnybunny
Opinionated
0
SaaS Sales
I saw some big percentage of Coinbase (no surprise) was laid off today via email.
TennisandSales
Politicker
1
Enterprise Account Executive
thankfully im in a great spot.ย 


the company is super well funded and there are only 2 AEs that run everything (im one of them). The division is of high priority to the company so they will not be looking to cut costs here.ย 

i feel bad for AEs in companies that have recently hired like 40+ AEs and 100 SDRs those guys are in trouble.ย 
Telehealth_2the_Moon
Notable Contributor
2
Director of Business Development
That is a good position to be in, one of two people looked to lead revenue growth is a very valuable spot. Be sure to use some of that leverage at the right time!
HeStoleMyTwix
Valued Contributor
1
AE
Don't be a dunce and work for shit companies and you'll be fine.ย 

No one that is a top performing AE in a company that is solving a legitimate challenge is at risk.ย 

If you're a bottom half performer at a direct mailing company then don't be surprised when the boss takes the opportunity to cut your ass
youngsmoky
Celebrated Contributor
0
Account Executive
I work for a super small company that desperately needs to grow and sell more.

As the top performing person there, Iโ€™m fine. As someone with a low base pay facing rising personal expenses and credit card debt, Iโ€™m not.

Iโ€™ve started looking already but the market is dry and competitive. Not to mention Iโ€™m an Enterprise AE but in order to be hired somewhere else with the same title I need more than 1 year experience in SaaS.
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