Good company, November 21' layoffs - Anonymous employee PTC Employee Review

4.0
Nov 10, 2021
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

1. Solid software stack, regularly recognized as industry leader across the entire stack. Few companies can say that for all their products. 2. Work like balance is great, start w/ 20 days PTO, 5 wellness/sick days, 2 volunteer days, 2 floating holidays, birthday, and 10 regular company holidays (USA). Move up to 25 days PTo after 4 yrs. 3. Excellent onboarding and on going training. PTC has a great training program for new hires and recently build out ongoing learning for sales reps. 4. Benefits and perks- good health insurance, 401k match, espp plans, access to at home work-outs, tuition reimbursement, free mental health sessions, discounts at select colleges, cell phone reimbursement, and so much more. They really do a good job of offering a wide variety of perks 5. Parental leave- 12 weeks full pay for new moms and dads, includes adoption. 6. Stock grants

Cons

1. Definitely a good ol boys club, especially in sales 2. Layoffs in November 2021- very far reaching and unexpected. 3. End of quarter is insane, don't ever expect to take time off the last week of the year, this includes time between Christmas and new years. 4. Lack of diversity. Women and people of color represent very few positions of leadership 5. Shady sales reps. Every sales team experiences this to some extent but I have seen the worst of the worst at PTC. ( This has to do with the good ol boys club mentioned above) 6. Territory competition (internal competition)

Explore other reviews about PTC

5.0
Jun 5, 2026
Recommend
CEO approval
Business outlook

Pros

Great place to work and play

Cons

More travel than I expected.

4.0
May 21, 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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