The ratings trends since summer of 2017 say it all. After the PE buyout, we have been faced with massive layoffs, one round after the other. Each time we'd be assured we'd made the necessary cuts, only to be faced with another one a few months later. There was no transparency in how large the cuts had been, or how large they'd be the next time. This led to an overwhelming amount of voluntary attrition as well. I can say, quite honestly, that I know exactly TWO people in the organization who are not actively looking for work. Morale and culture are absolutely non-existent.
Our developers are leaving in spades, leaving no one to build or maintain anything. Our sales group is at 40% of what it was this time last year. The majority of the people on the product side have also jumped ship. So, to be clear - we are rapidly approaching a point where we will have no one building solutions, no one providing guidance or a roadmap for these solutions, and no one to sell the solutions. And that's not even touching the turnover in PM / Fulfillment / Success. So guess what - there will also be no one to implement or support any of the solutions.
I continue to be baffled that no one seems concerned about the fact that well over a hundred people now voluntarily turn over each month, and with zero innovation or vision it's pretty clear that Apollo's goal is not to provide capital to fund our future, as we were all promised. I'm not even sure what the goal is, at this point. To phase out our SaaS products that are the most profitable and somehow attempt to compete in the online job advertising space that was commodified years ago and is currently owned by Indeed? Up until Google or Facebook begins doing it better than them? In what reality can we compete at scale with these guys?
