COVID-19: Pulling Together During Pay Cuts, Furloughs, and Job Losses

S. Schuchart

Summary Bullets:

• There has been widespread evidence of layoffs, pay cuts and furloughs at IT vendors, partners, and their customers and more economic pain on the horizon

• Individuals can help each other, paying forward with job introductions, recommendations, and encouragement

Times are tough for enterprise IT vendors. The economic downturn as a result of the COVID-19 pandemic has hit them hard. Some IT vendors, particularly the ones involved in cloud or collaboration have of course seen great increases in business, but the traditional vendors and of course startups are taking a beating.

Virtual PTC LiveWorx Gets Its Message Across

K. Weldon

Summary Bullets:

• PTC held a virtual version of its annual LiveWorx event on June 9, highlighting its own products but bringing in discussions from customers, partners, and leaders in related technologies such as augmented reality, the Internet of Things (IoT), and digital transformation.
• The event worked pretty well with a combination of live and recorded events, losing some of the detailed product discussions while – needless to say – lacking the dynamism of the ‘Xtropolis’ exhibit hall that usually showcased new PTC and partner solutions.

PTC’s LiveWorx has always been a lively and informative show for those interested in areas such as CAD-enabled product development, product lifecycle management (PLM), manufacturing automation, augmented reality, the industrial IoT, and digital transformation. Rather than playing to the analyst community per se, the LiveWorx audience has always included existing and prospective PTC customers as well as a roster of its diverse set of strategic, go-to-market, and integration partners.