It was mentioned by Anthony in the Q&A so I guess we shouldn't be surprised but the LSE org is going through a major "restructuring". I've counted 4 VPs that were let go, I'm sure there will be more to come...
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@18h the first part is right but the company gone in 5 years is too far. Most clinical trials in the world run on their platform. They aren’t growing right now but they are still a huge force in the industry.
@q7 do not uproot your life for this company, you will regret it
If you move, move for yourself. This company will be dead in 5 years
I notice most of the new job openings are NYC-based. Are majority of the layoffs remote employees? Are NY-based employees laid off less frequently? I’m considering a move to NYC or NJ area.
@p6 I did not say that she's doing a great job. I'm looking for your perspective. I actually don't have an opinion either way and would like to see why people are feeling the way they are.
@p0 respectfully, you should tell us why she is doing a great job. The floor is open.
@jr genuinely curious- why do you think she has done a poor job with strategy?
I'm a long time Medidata advocate, but I no longer understand the company direction. This persistent, ongoing restructure/reorg with no end in sight signals lack of direction and clarity.
Anyone I speak to internally, morale is rock bottom and anxiety high. Sadly this rolls down to client engagements. We used to feel valued and be able to meet other colleagues, now it seems people keep their heads down just trying to survive another day. I hope for some change soon.
@e2 well, she has certainly done a bang up job on strategy, so of course she earned this promotion! /s What VPs have been let go? Ones that actually did work or ones that did need to go?
Our CEO and COO both have children working in the org as nepotism hires. Meanwhile they’re firing longtime employees with families and mortgages.
Instead of doing one large round of layoffs this year, the company has decided to do rolling reductions over the last several weeks with no end in sight. And they wonder why moral and internal confidence in the company is lower than its ever been.
The new head of sales has been burning down the sales org and bringing his own people in, I’d now expect the new COO to do the same.
@e2 Somehow, the reward for unclear strategy is... more responsibility. I really haven't seen much evidence to suggest Lisa has really excelled on strategy, so handing her operations too is...a choice. I guess all you need to do these days is to wax poetic about how AI needs to be inserted into everything, moderate a few panel discussions, and call that strategy. Meanwhile, customers still don't understand how to separate marketing from our actual strategy, the "experience strategy" continues to dilute our products, and product teams are left trying to reconcile vision with reality.
Not sure if sales related, but there were layoffs affecting one of the product teams yesterday I think? Reading through Anthony’s email yesterday announcing Lisa Moneymaker’s promotion to COO (is anyone actually excited or optimistic about this whatsoever?) there will be more cuts and flattening of leadership across the different groups.