Pros
Company held its first offsite in Thailand in a decade, shortly before laying off 10% of its workforce.
Cons
Where do I even begin… If you think your stock options have any real value, think again. They’re not based on the latest 409A valuation, recent funding rounds, or any credible benchmark. Instead, they’re purely based on the CEO’s imaginary numbers - figures inflated far beyond reality. So those options you thought were a meaningful part of your compensation? Expect them to shrink by half, or worse. Management seems completely lost when it comes to growing the business. They jump into new markets without a clear plan, only to pull back at the first sign of trouble, never pausing for thoughtful evaluation. And who pays the price for their incompetence? Employees do - through relentless waves of layoffs year after year. There’s little genuine technology in its product offerings, and the business model itself has fundamental flaws. The company struggles to compete effectively on either product innovation or pricing.
