PTC reviews

PTC Professional Services has a flawed system where consultants who are bad at consulting are moved to important project management or business development roles. These people will then get promoted to leadership positions due to their increased visibility from management. The results in a large number of incompetent leaders and managers in the most important strategic positions in professional services. Implementations frequently exceed original budget and escalations are common. Professional services is very poorly run. For the consultant employees, there is no internal structure for goal setting and career progression. Raises/promotions are based more on personal relationships than performance. The culture is toxic. I was afraid to admit any knowledge gaps because it would be used against me while arguing for my first raise in 3 years. Consultants are frequently expected to perform a project role beyond their skillset with minimal guidance. Annual reviews are based on a 5 minute conversation with the project managers, who (see above) are usually awful at their jobs and have little insight into consultants' performance. HR did very little to help.

Basically, hypocrisy. HR asked everyone in the company to recruit sales reps. However, the next month later, they went through a re-org, and I was let go. It made no sense, considering I moved into a new sales position, and was in the position seven months, then let go. I was working to develop pipeline, and finally got some things going. Then, I was let go for not developing pipeline, but there was no review or conversation about my pipeline, or no discussion about where I was falling short. My boss would often cancel our weekly calls to go over things. I was let go over Skype, and the conversation with my boss was less than a minute, and then I was handed off to an HR person to talk about my departure. It was a crappy way to do it. On that note, it seems the company has an annual re-org. It seems they have to turn over the apple cart every year. Maybe it's because things aren't working because there's no strategy. I also find it hypocritical about needing to cut staff arbitrarily, but there is no issue spending on extravagant trips for President's Club or Sales Kick-off, or acquisitions of smaller companies. There seems to not be a strategy, and they are simply trying to keep the stock price up every quarter, and doing whatever needs to be done. The PE ratio is (as of today) is around 1,500. I've never see a stock with such a high PE ratio. It sounds like the stock is very overvalued. If they continue on this "strategy" of trying to keep up the quarterly earnings with this high PE ratio, then the bubble will burst. With this all said, I have talked to people who are still with the company who tell me not to come back. Also, there have been people who have left the company, which surprised us when they left. It seems they knew something I did not.