More people were let go today—no idea how many. The loss of resources leads to more employees voluntarily leaving due to lack of support and remaining toxic management. This downward spiral has caused clients to cancel because they are no longer... — read more
More layoffs. This time the entire team of customer success managers. No one is secure and the ones who stay get more and more work dumped on them.
Had Ellie Mae focused on their key priorities for the last 5 years (the core LOS) instead of bloating up the business with ridiculous add-ons that never worked, they would not have been in this situation to begin with. The layoffs were a dumpster... — read more
The best and brightest got let go. The brown nosers with limited experience and knowledge were kept. Wow!
10% to be laid off. Those losing their jobs, will be notified today
The company should layoff whoever (ZB) headed the PSO reorg last year. It was the most stupid move!
In my humble opinion, it takes more energy to be negative. Nothing, good or bad, lasts forever. I am proud of my contributions to Ellie Mae and bow out gracefully. I will take the experience and knowledge I learned at Ellie Mae and run with it. I am... — read more
The team has been gutted by this layoff, customers paying extra money for premium support service will now have to wait in long cues and greet their answers from newer, cheaper, and much less experienced staff, and they said customer satisfaction was... — read more
It was announced that Ellie Mae is being acquired by Thoma Bravo.... Now it's clear they butchered so many jobs so they could meet the financial requirements for the sale. Several people who were cut were on medical leave and I'm sure the company... — read more
66 people across several disciplines, hardest hit was front line support, followed by ETS support tier II.
About a week left before the sale closes...
To find out, do a search on Thoma Bravo and improvements in cash flow they are always after: https://www.google.com/search?q=Thoma+Bravo+site:thelayoff.com
link below... Ellie Mae lays off 10% of its staff after recent acquisition BRAD FINKELSTEIN MAY 17, 2019 Mortgage technology company Ellie Mae, which was recently bought by private equity investor Thoma Bravo, underwent restructuring and reduced its... — read more