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Private Equity Nightmare

Senior Software Developer
Former Employee
Worked at Smartsheet for 4 years
May 26, 2026
Bellevue, Washington
1.0
Doesn't RecommendNegative OutlookDoesn't Approve of CEO
Pros

Supportive of AI tooling. I had a great manager. I heard the severance packages are great, but I left of my own volition, so I don’t have personal experience.

Cons

There is a complete lack of direction or management at the mid to high levels of the company in product and engineering, as most everyone left or was pushed out by cronyism from the private equity acquisition. No more equity is offered to employees. There are no opportunities for promotion. They’ve shipped or are shipping most of the core products, including the core “sheet” aka Grid app, to India and have laid off tons of employees, somewhere between 12% and 15% of the company.

Upper management did the thing where they had the US developers interview tons of people out of India, and then about half a year later laid off tons of US developers, including several of the people that did the interviews. Upper management said that the India teams would be working on other projects, but clearly that was a lie. They laid off people without consulting their managers or their manager’s managers, and without knowing what team they actually worked on or what they did. So entire teams were laid off unbeknownst to them. There are very quick and poor handoffs to India, if any. You will likely be working on multiple teams at once, or moved to multiple teams during your time there in short periods of time. On-call can be a nightmare. There is no culture of any kind. Basically do not work here, whether you’re out of the US, India, or Bulgaria, which are the main countries for developers.

Advice to Management

Good luck to those of you that are left.

The private equity cronyism is intense and came in to replace everyone very quickly.

Additional Ratings

Work/Life Balance
3.0
Culture and Values
1.0
Diversity, Equity, and Inclusion
2.0
Career Opportunities
1.0
Compensation and Benefits
2.0
Senior Management
1.0

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