Upper management seems to be more concerned with looking cool and being perceived as a trend setter rather than actually managing the company. PTC's outlook seems to be to buy as many companies as they can that do one niche thing and then to never fully integrate those companies into the product. Since my time here they have purchased at least 6 companies for their IOT space and have no plan for integrating the products. With each new company comes another round of layoffs, which decimates the work force and kills morale to the point that people refer to PTC as "Pretty Terrible Company".
The company also seems to be segregated with all groups working towards their own goals. This gets very frustrating because you cannot get work done without the approval of multiple people from multiple groups. Everyone is so concerned about keeping their jobs that they would rather make you jump through 30 hoops than to just help you solve a problem.
This brings me the next problem, there are so many smart people working at the company but they are forced into silos and do not work together. This results in multiple groups all working on the same thing without sharing knowledge or unifying on a solution. In the end you end up with half a dozen different ways of doing the same thing that all get adopted by one group or the next. This causes good people to leave and the entire place feels like a sinking ships with people bailing out of it left and right.
In the current trajectory I do not see the company lasting more than 3-4 years.
