Blew the IoT Opportunity - Sales Engineer PTC Employee Review

1.0
Nov 13, 2015
Recommend
CEO approval
Business Outlook

Pros

Should have been the clear leader in IoT by now. Had acquired the top 2 IoT platforms in the market (ThingWorx and Axeda), had a multi-year head start on the competition, and were in position to dominate the space.

Cons

Bungled the execution of IoT acquisitions. Lost most of the acquired IoT DNA through turnover and layoffs. Now left with former CAD and PLM staff trying to pick up the pieces. Meanwhile the market (google, amazon, salesforce, microsoft, oracle) have all introduced IoT specific offerings. No alliances with those true platform and cloud companies means they are competitors and will eat PTC's IoT lunch.

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5.0
Jun 29, 2026
Recommend
CEO approval
Business Outlook

Pros

Good benefits Work life balance

Cons

Organizational structure changes Low growth internally

4.0
Jul 1, 2026
Recommend
CEO approval
Business Outlook

Pros

Flexible, great colleagues, good HR training on goals and objectives

Cons

Depends on the group, toxic culture pockets exist, abusive and bullying behavior is laughed at and accepted rather than corrected, unclear strategy, business unit level vision is lacking, no accountability, several HR complaints against a manager go unaddressed, slow to change, can be chaotic, more interest in checking the box than hitting the right mark.

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