17. Jan. 2020
Reaktion von Tradeshift
6yThank you for your candid and honest feedback. We strive to be as open and transparent as possible with all of our employees and we are always thinking about how we can make Tradeshift a great place to work. We invite all our employees to collaborate with us on that goal and welcome your feedback. You will see many of our leaders visiting our offices globally to not only listen to our employees but to talk further about our future direction, which we believe is very exciting.
The restructuring is not taken lightly. We recognize the impact on those who are leaving us and the contribution they made to help Tradeshift become what it is today. We have provided employees affected by the restructuring with severance packages that exceed statutory requirements globally, bonuses, and career search assistance.
Although non-disclosure agreements restrict us from publicly commenting on financial details, we do want to assure you that we feel confident in our path forward and the resources we have to accomplish our goals. We also recognize that emotions are strong and real; we want to respect the different opinions our teams have. That said we are not sure where the numbers above come from as they don’t accurately represent what we have provided to our employees (merit increases, bonus amounts, etc.). Each business unit had greater than the 2%-3% you indicted to allocate to their team, and it was the business that determined the allocation percentages for individuals.
Over the last month, as promised, we secured funding that will be used to help accelerate our growth and help provide a sustainable path to profitability in the near future (https://spendmatters.com/2020/01/14/tradeshift-has-240-million-funding-round-plans-to-restructure-and-focus-on-near-term-profitability/). The additional capital will be used to further drive growth across core product lines. We are conscious of the need to grow and grow responsible near term profitability; and sought to address our costs to bring overheads in line with revenue.
The market has changed. We have some tremendous opportunities ahead as we accelerate towards profitability. That said, we, like many companies in our space, are having to make very difficult decisions in order to course-correct. If you have been affected by the restructuring and are no longer with us, we suggest that you take advantage of the career services provided.