This is the most considerate post I’ve read here.
As a current Revance employee it’s been hard to read many statements here not based in reality, a truth that those of us who are living it daily know.
More difficult are comments here about my colleagues losing their jobs as “cutting the fat” or “losers in marketing” or worse “good riddance”, as if applauding the indescribable loss of livelihoods and many millions in employee stock grants and purchases that have disappeared overnight.
We are not “savvy investors”, and a lot of us have never sold a single share of Revance stock. We are humans first, and employees with kids, babies on the way, student loan debt, mortgages, retirement plans. Our compensation packages were initially structured where Revance stock was big financial motivator to stay. We also believe(d) in the product but not in Dustin and Mark’s strategy, yes Mark was in on it. It was a strategy I quietly questioned.
When stock began to fall employees were on long black out periods and could not sell, so we were offered revised comp packages with more stock incentives to keep us working tirelessly to support a marketing strategy most of us didn’t believe in.
Our executive leaders have been kept in the dark and axed too with no notice. Our CEO has yet to hold a town hall, nor has he sent a company-wide email of encouragement. There is a complete lack of transparency or compassion in the rest of the C-suite.
When this forum is encouraged by Revance social media posts and Erica posing in front of a Power to the Peptide wrapped car I shared they shouldn’t be, it’s straight up advertising. It’s not that I hate Revance and Daxxify or want it to fail, quite the opposite, my attempt here was to provide information that could curb false speculation. More to the point my posts were meant to say, if you are basing financial decisions on Revance social media posts, please don’t.
To date I have lost almost $400k in Revance stock, I imagine some of my colleagues with bigger titles or longer stints have lost a lot more, but that’s a life changing amount of money for me.
Working at Revance is as Emmanow said, “sad”. It’s also like walking barefoot on a tight rope laden with shards of glass. We don’t sleep at night with worry, by day it’s hard to focus on work. Any day now I’ll get an HR meeting added to my calendar late at night and at 8 am I’ll log on from home for a 2 minute conversation to inform me I’m another Revance casualty with a 2 month severance. At the end of that call my laptop will instantly lock and the Revance waking nightmare I’ve been living will end.
Thank you Emmanow for showing some real compassion here. 🙂
