200 or 600?PTC Layoffs

Some 3-4 months ago, PTC indicated they would lay off 200 employees. Last week, a rumor reached CAD editors that the real number was closer to 600.

This week's conference call with financial analysts indicates the number is already nearly half-way to 600. One executive stated:

As I mentioned earlier, in the fourth quarter we terminated 262 employees in conjunction with our globalization initiative. We are continuing to reduce headcount in high-cost regions in the first quarter, and will continue to do so throughout 2008. This will enable us to add resource capacity in low-cost areas and, at the same time, reduce overall costs.

He mentions the following outsourcing areas:

-- Technical support is currently 30% outsourced, and to be increased.
-- Aggressively outsourcing IT.
-- Offshoring more finance resources.
-- R&D is quite advanced in offshoring, and will do more as needed.
-- Significantly increasing the headcount in China.

Do CoCreate employees know what they are facing?

Comments

[Fed up paying double US list price for software]

So that will make it harder for PTC to use the excuse that the cost of doing business in the UK is why the UK list price is 2x the US price. If PTC truly globalize the business then we should be able but pro/e at the same cost as the US or be able to buy it from whichever country we choose.

flex3c maintenance in USA: $2,996 (= £1,492)
flex3c maintenance in UK: £2,700

Prices per year.

words like profiteering and anti-competitve come to mind.