Yearly Layoff & good Pay - Recensione dipendente - Technical Lead presso PTC

3,0
2 giu 2019
Consiglia
Gradimento del CEO
Pronostico commerciale

Vantaggi

Don't believe on the fake comments put by HR. I Have spent 4.5 years.You will get good hike even a avg performer will get more than 10%.Good performance can get a appraisal of 18-22%. That's the only pro. You can get Wfh facility.

Svantaggi

Lay off happens every year at last week of October or 1st week of November & it is must that manager have to nominate few names to be put in PIP & later they will be terminated. Every year PTC will buy 1 or 2 small companies.As a result they will be forced to do layoff to match the revenue. Last 5 years ptc revenue has been growing down from 1.45bilion $ to 1.13 billion$ Top&middle management are not confident on their decisions. Let us take few examples Agileworx was a product for which they have invested more than 3 million $. Later they scrapped it. Again they have started a new product connected Requirements & again scrapped it. At the end they fired all the employees including new employees whom you can't even judge within only 1 year.current management board of directors are not worth to run such a branded organisation. If you are more than 6-7 yrs Exp don't join bkz you can't escape from there afterall. You will be waiting and waiting & one day you will be asked to leave the organisation. One humble suggestion: Don't believe on the comments of HR Contact me I can share the exact truth..

Esplora altre recensioni su PTC

5,0
5 giu 2026
Consiglia
Gradimento del CEO
Pronostico commerciale

Vantaggi

Great place to work and play

Svantaggi

More travel than I expected.

4,0
21 mag 2026
Consiglia
Gradimento del CEO
Pronostico commerciale

Vantaggi

Great people, customers, products. The culture has improved significantly over the past 5 years or so, and now feels like a relatively modern software company. Exec leadership is very good, Neil is fantastic.

Svantaggi

Mid-level exec leaders, VP level, are still very political. Salaries are way below average.

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