PTC reviews

The title of my review aren't my words, they're the words of one of the company's biggest customers. Major shift happening right now, but this is nothing new if you've been around a few years. Two years ago it was SLM that was going to fundamentally transform the company. Four years ago it was Flex. Both of those were spaces that PTC was perfectly positioned to become a leader in per management. IoT is a good bet, but there will be no follow through, just like with everything else. Two years from now there will be something new that management runs after in attempt to create a splash with Wall Street. This frustrates employees and customers. Wall Street. There's a good one. Management doesn't try to make good products, grow the business or do anything through old fashioned hard work. They chase the stock price and go for splash moves like strategic changes, acquisitions and layoffs. PTC management is like a junkie chasing the Wall Street high and will do anything it takes to get it, regardless of long term consequences. Promotions are based on checking boxes, and even that isn't a guarantee. You'll get it a year or more after you should. No cost of living raises either. Benefits get reduced every year. PTC medical options are garbage. You're a number on a ledger as far as management is concerned.

We have heard of many companies giving bonuses after the recent corporate tax cuts. PTC? PTC is laying more people off. In fact the recent round of layoffs is one of the biggest they have had. Why the layoffs?