Yearly Layoff & good Pay - Technical Lead PTC Employee Review

3.0
2 Jun 2019
Recommend
CEO approval
Business outlook

Pros

Don't believe on the fake comments put by HR. I Have spent 4.5 years.You will get good hike even a avg performer will get more than 10%.Good performance can get a appraisal of 18-22%. That's the only pro. You can get Wfh facility.

Cons

Lay off happens every year at last week of October or 1st week of November & it is must that manager have to nominate few names to be put in PIP & later they will be terminated. Every year PTC will buy 1 or 2 small companies.As a result they will be forced to do layoff to match the revenue. Last 5 years ptc revenue has been growing down from 1.45bilion $ to 1.13 billion$ Top&middle management are not confident on their decisions. Let us take few examples Agileworx was a product for which they have invested more than 3 million $. Later they scrapped it. Again they have started a new product connected Requirements & again scrapped it. At the end they fired all the employees including new employees whom you can't even judge within only 1 year.current management board of directors are not worth to run such a branded organisation. If you are more than 6-7 yrs Exp don't join bkz you can't escape from there afterall. You will be waiting and waiting & one day you will be asked to leave the organisation. One humble suggestion: Don't believe on the comments of HR Contact me I can share the exact truth..

Explore other reviews about PTC

4.0
21 May 2026
Recommend
CEO approval
Business outlook

Pros

Great people, customers, products. The culture has improved significantly over the past 5 years or so, and now feels like a relatively modern software company. Exec leadership is very good, Neil is fantastic.

Cons

Mid-level exec leaders, VP level, are still very political. Salaries are way below average.

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