Since becoming Aptean under Vista Equity Partners the focus is all about EBITDA. They say that the people are important but they fire people to cut costs as soon as the revenue looks poor in order to hit their targets. Senior Mgmt are tactical not strategic, it's very short term all round, quarterly and annually focused, no plans are put in place for a 3 or 5 yr plan for example - probably because no one believes they will be around then to see it!
Certain products are clearly in declining market share with customers leaving and seeing little value in upgrading or new additions so revenues are down. Targets seem unrealistic for the Sales teams globally, where there's less and less customers to squeeze. No new business sales except from the partner base yet the partners are struggling. Aptean are great at shooting themselves in the foot and making it as hard as possible to do business with. Customers are exasperated. Employee morale is rock bottom, everyone believes the next quarter is their last and the next cost cutting will see them out of the door.
Year on year employees are given more tasks, more work but no pay rises (cost cutting is always cited, as is the falling revenues) It's not an inspirational or motivational place to work, you are treated like Eddy Punch-clock. You work as hard as you can, they stress you out and you don't know when they might fire the next person and how long you have. The CEO Kim Eaton says the company cares about it's people but it's not how it feels on the shop floor, the Vista led management are on a rota basis, going from one Vista company and role to the next, the minions are just expendable assets to help them get their bonuses. Not a place if you're looking for career progression.
