Morale and Company Interest in Employees at an All Time Low - Anonymous employee PTC Employee Review

The company has laid off 10% of the workforce in the last 8 months. People, GOOD people, who have been with the company over 20 years were just shown the door. Realize that many of these people were technical people, not managers or, god forbid, executive management. Layoffs at this company abound - you can set your watch to it. This time the cuts were deeper than usual, however. The company's loyalty is not with its people. They would seemingly rather lay people off and retrain new ones instead of finding positions for good people and not have to retrain. Consequently, we are all looking over our shoulder constantly. Merit increases had been suspended last Fall until July of this year. They never did really say why. No raise/promotion again for me this year, even with the highest performance rating one can get. The performance review at this company is a formality, and has no bearing/influence on any aspect of your "career" here. Rather, the company is all about nepotism and cronyism. If joining this company on a technical track, you will not flourish here; you will stagnate.