activity

VP, Business Development

Layoffs are picking up speed

I've heard from a number of former colleagues about their companies laying off. I hate it for all the people getting laid off especially at the holidays. Good luck to all the savages out their just trying to survive.

😳 Ethics

☂️ Layoffs

🏋️‍♀️ Leadership

29 comments

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Mobi85

Politicker

Regional Sales Manager

It is shitty all around. I don't want this to be true but having lived it before I feel some of it may be based upon the company working to hit an EOY number. They could be looking at their operating costs and know they won't hit the topline number so they are cutting their operating expenses (us sales professionals) to hit bottom line number.

@Gastyany chance we could keep track of these companies that are laying people off and see how many of them are putting back up hiring requisitions at the start of 2023 in Q1?

alonzoharris

Politicker

Partner Manager

https://layoffs.fyi/ could be a start

Kosta_Konfucius

Politicker

ERP Sales

Awesome website, thanks for sharing

TennisandSales

Politicker

Head Of Sales

yeah this is the one that has been circulated before. probably the easiest one to reference

Diablo

Politicker

Sr. AE

Awesome saucesome 👍🏻

Gasty

Notable Contributor

War Room Community Manager

We should ! We would !

SaaSguy

Tycoon

Account Executive

This is absolutely whats happening. Companies using the economy to do layoffs to increase CAC and FTE per employee.

coletrain

Politicker

Account Executive

It’s frustrating because a lot of these companies likely overhired based on VC support. In short, this seems sadly inevitable and those in higher roles suffer less, even if laid off.

sleepingjaguar

Opinionated

CSM, Emerging Markets

This. This is what happened to me.

boredAnti

Tycoon

That One Guy

It's shit to be happening right now. Best of luck to all of those that are experiencing this.

CuriousFox

WR Officer

🦊

My heart goes out to all ❤

Nairobi

Politicker

It's insane! One of my customers from my last company announced today that they laid off 85% of their workforce. They've raised $900M in the last 5 years! Where the hell did the money go??

fidelcashflow

Catalyst

Account Executive

3 months of severance plus expedited vesting, plus medical for 3 months?!? FIRE MY ASS. I'll take 3 weeks off and then find a new job in a month. That's a net positive baby

MiceTrap

Opinionated

Sales Development Representative

love the confidence !

GrowthMindsetABC

Partner Development Associate

That’s how I feel. I negotiated b2 months and medical for 5 months. As soon as I lock down a new gig, I got a down payment for a new spot.

Diablo

Politicker

Sr. AE

We had some layoffs yesterday, I feel lucky to have a job.

Pachacuti

Politicker

They call me Daddy, Sales Daddy

It sucks to be happening now.

Rizzdawg

Politicker

blessed to have a job man this market is tough

punishedlad

Tycoon

Regional Partnership Manager

One of the catch twenty twos of being in sales. We make more money, but that means we're the most expensive piece of the budgeting pie.

Only other departments I see getting cut en masse are engineers (for the same reason, they're expensive) and recruiters (obvious reasons)

Diablo

Politicker

Sr. AE

Agreed

finboi

Notorious Answer

Fi-nance

I think we are far from the end of this down cycle. But it won’t last forever. Stay focused on controlling what you can control, this includes applying to jobs if you are one of the unlucky ones.

Nothing is ever as good or as bad as it seems.

notdavemoss

Valued Contributor

CCBW

every CRO that rubber stamped the CEOs or investor-board's "great idea" to overhire to "growth hack" revenue should be forced to never wear shoes and walk on random Legos for the rest of their lives. 9 women can't have a baby in a month. I don't know why these potatoes think having six reps at quota means if you add three more reps you'll have nine at quota. It's stupid.

BlueJays2591

Politicker

Federal Business Dev Director

It's getting bad. Seems to be execs looking to increase bonuses in a lot of situations. Also companies with shit spending problems and little to no cash on hand to weather a small storm

thedue2.0

Executive

VP of Sales

If you are the low person right now, have a mark or two on your HR record, and are reading the play you may be expandable, own it, and start readying your exit on your own terms. Q1 will be a reset for sure…. Get ahead of what will likely be a competitive and noisy job market.

AdsMakeTheWorldGoRound

Valued Contributor

Sales Director

My manager was laid off 2 weeks ago, the rest of the team is still here but it's weird she's gone since she built the US team. We're being managed by our CRO for now but probably going to start looking.

sir

Executive

SDR

GrowthMindsetABC

Partner Development Associate

Keep it up sir. Keep growing. Read books and watch content on full sales cycle selling. Start applying for AE positions n just act like you belong there n answer the questions well with confidence.

sleepingjaguar

Opinionated

CSM, Emerging Markets

Thank you 🙏

salespj

Personal Narrative

SDR Manager

I’m actually getting laid off , that’s why I joined this community. CEO’s are not getting the big picture of what is happening in sales and how disconnected adrs are becoming because they are trying to meet their quotas rather than building meaningful relationships

AlwaysBeHunting

Executive

Enterprise Account Executive

I was one impacted. Luckily have irons in the fire. That said, if anyone’s company is hiring, hit me up. Thanks!