After a lot of thinking I have made the decision to leave TR. There is definitely nothing more for me at this company. Let's be realistic, the pay is far from what is offered at similar companies, the benefits have been deteriorating rapidly, contractors are taking on more and more work at the expense of fully employed individuals, and the threat of layoffs is ever-present.
I am seeing on a daily basis that anyone who has any sort of choice is leaving. Don’t get me wrong, I wish all the best to my remaining colleagues, but one has to wonder how TR, which was a company that relied a lot on the talent and work of its employees, plans to survive or keep any of its workforce?
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@5ina+1bOlpodB - Also agree on the unwinding. All the new senior leadership team in place right now have a deep history of taking companies and doing just that. Just look them up on linkedin. There is absolutely no investment in the company right now other than in finding ways to reduce costs. Which has been SOP for the last too many years. From their own words in a recent call they are in fact not interested in exploring new product offerings in favor of making sure existing business remains stable. Only reason to do that is to make sure you're still able to make money off your core while you hack the company apart.
@4lon+1bOlpodB Agree on the unwinding. Cost-cutting also used when selling. My situation is not great, but its not so bad to leave without a new job waiting - at least not now, but that's always an option.
The important thing is to not get emotional about the company. Relationships are with people, not with organizations. The organizational decision will always be to chop you if they can justify paying someone in a low cost destination a fraction of what they pay you - even if that person is no where near as qualified as you. They don't care about qualifications because in 2-3 yrs this management team will be gone. If you want to see what the outcome is of all this cost-cutting, take a look at what happened to HS*C where a certain leader did / said the same thing we're hearing.
Cost cutting makes sense only if you’re unwinding the business and taking the cash out. If you’re planning on remaining competitive you need to invest in people, products, processes.
To put it simply, TR does not value its employees whatsoever. Compensation is below its peers and now even well funded startups are paying significantly better and provide stock options at all levels. For all those in search mode, many of those companies really value the experience you have had and what you can bring to them, so give them a chance.
One thing is certain: the office will be missing many friendly faces when we return. On the positive side, closer parking spots in Eagan.
Have to agree. Every single person I know is “open to discussion” when recruiters reach out. Base salaries at TR are a joke compared to other companies. Many reps leaving for double the base salary. (Commissions used to easily make up the gap. But with ridiculously high quotas, no one hitting numbers, hence no commissions). No way TR will be able to keep talented saws reps.