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If this is the case, you should be thinking about your own job. There are very few companies that can stay afloat without new customers. And even fewer SaaS com
by 12xo 7y ago
If this is the case, you should be thinking about your own job. There are very few companies that can stay afloat without new customers. And even fewer SaaS companies as churn is amplified during a downturn.
Do you know what the CFO is telling their lieutenants about now? Cut all superfluous spending and reduce monthly expenses. That means your sales people are going to be getting calls from their clients asking for a fee reduction or a contract revision. Very few SaaS companies are critical or defensible.
- deanmoriarty 7y agoI 100% agree, in fact a couple weeks ago I gave my notice despite me being insulated from the current layoffs. I had been wanting to do this for a while, and hearing the CEO giving projections of how much our revenues are going to shrink due to covid, compared to our crazy speculative company valuation, was the last nail in the coffin. They should have managed the company better and more frugally, so I vote with my feet. This is my last week and I’ll be starting next week in a much more solid company with a much better compensation too, wish me luck :-)
- 12xo 7y agoNice user name. Good luck!