Resignation, Layoffs, Culture: Storytime | And I resigned... finally!

I was working with a company for over 2.5 years now. I resigned just a few days back. And it laid off hundreds of folks right after I resigned. I like to believe that my resignation caused this, lol. Canon event, can’t help. Anyway, jokes aside - a couple of things I learned in this company, that I don’t think I could have learned anywhere else.



Before I list down all the things that I might have picked up, let me tell you a story about what went wrong here: The company is churning out revenue, just as much as it is building revenue every quarter (or more too. It made $2mn one quarter, and churned $2.3mn). The company has given the leadership reigns to people without spine, so much so that it now is spineless too. IT was such a good company even when Covid hit.



The company did not give any appraisal or hike for the most talented employees as well, citing the economy and was expecting them to work just as much! The attrition then mounted to 68%.



Now, let me list down my takeaways, as raw as possible:

  • An insecure manager will ruin the culture of the company even before you realise it. But a strong manager with a spine of steel would never be enough to build the culture all by himself / herself. It’s easier to ruin things than to build them.


  • Choose your mentor rather carefully. You might be choosing a mentor based on performance, but I’d rather suggest you choose a mentor based on how they do their stuff, how ethical they are and how did they get there: Is it by tricking customers and overselling, or by hard work and heart-work? The mentor you choose in any company, shapes how you look at work. SHAPES YOU!


  • When the management cares less about employees, and claims to care about customers; it’s a white lie. They can’t care about customers while not caring about employees who have to cater to the customers.


  • If you are not making incentives for over 2 quarters, you are in a bad place or you are a bad rep. Figure out the reason rather early on and act on it. Time wasted is equivalent to career wasted.


  • If you are early on your career, and you are in a company that doesn't promote hard work - run. Company culture has the power to erode your skillset, your ambitions and just everything that you wanted from your workspace. Don't slack, not just yet.


Uff. I could be a "LiFE cOaCh".

🐱 Off-Topic
🎈 Mentorship
21
Sunbunny31
Politicker
5
Sr Sales Executive 🐰
Good points. Thanks for sharing from your experience.

Do you have anything lined up?
ThatNewAE
Big Shot
5
Account Executive - Mid enterprise
Thanks Bunny, I do. Fortunately, an offer (better than the existing one) came up and I could resign just before the layoffs.
Sunbunny31
Politicker
2
Sr Sales Executive 🐰
That’s great news. Congratulations!
GDO
Politicker
1
BDM
well done! congrats
jefe
Arsonist
0
🍁
Congrats @ThatNewAE !
HVACexpert
Politicker
5
sales engineer
For the most part, people leave companies due to poor managers/supervisors more than other reasons

Good luck in the new gig
ThatNewAE
Big Shot
1
Account Executive - Mid enterprise
Thank youuuu
Pachacuti
Politicker
3
They call me Daddy, Sales Daddy
Hope you didn’t lose out on a nice severance by quitting too soon.

You can only qualify to be a life coach if you’re a bitter, female divorcee with either daddy issues or a former substance abuse tendency you haven’t quit kicked.
ThatNewAE
Big Shot
1
Account Executive - Mid enterprise
There was no nice severance. Unfortunately. And yeah. I did feel the same regret 😂
But we don’t know if I would have been laid off too. So.

And would just daddy issues count ? I don’t want the rest of these options. They scary.
CuriousFox
WR Officer
2
🦊
Congrats on your new gig 🥂
Revenue_Rambo
Politicker
2
Director, Revenue Enablement
All great points and insights here. Thanks for sharing what is unfortunately a trend across business right now.
Happy to hear you already landed a new gig. Looking forward to your next post about how they are (hopefully) better.
ThatNewAE
Big Shot
0
Account Executive - Mid enterprise
I so hope so too.
Diablo
Politicker
1
Sr. AE
Good luck with the new role, happy you had a plan before the canon event happened:)
AnchorPoint
Politicker
1
Business Coach
Being a continual learner is important... take that wisdom and move on.
Justatitle
Big Shot
0
Account Executive
people leave managers not companies. (Most of the time) There's one manager I would like to go back to in my career
ThatNewAE
Big Shot
1
Account Executive - Mid enterprise
People also leave companies. No matter how good a manager, if the company lacks processes / doesn’t have good payout system / you are not making money - You will leave.
Justatitle
Big Shot
0
Account Executive
This is true.
ApocalyBoom
Politicker
0
Account Executive
More often people leave companies because of poor management and poor supervision than anything else.
35
Members only

Quitting in a few weeks due to having a very toxic manager.

Advice
60
17

Company announcing layoffs this month

Question
15
14
Members only

Laid off prior to paternity leave

Discussion
30