Good Luck! - Anonymous employee Tribute Technology Employee Review

It's very difficult not to feel like you're on a sinking ship here. There is tremendous pressure from the private equity owners. The company was purchased for over $1B in November 2020 and the owners are trying to sell for at least 3x in the next couple years even though the business has not grown from a financial standpoint. The company laid off 60+ employees in August 2022, only to turn around a rehire some of those same positions in January of the next fiscal year. Layoffs continued into Q1 and Q2 of 2023. The business has turned over 75% of their executive team in the 18 months. However, the lack of transparency from the top remains the same. Executives make decisions in a vacuum and it's difficult to engage with leadership beyond your immediate manager. The new executives openly admit to joining the company for the lucrative bonuses resulting from an impending sale.