Pros
The company went from having a few solid services especially document creation, which was the only thing they were actually good at to chasing pointless new ideas that nobody asked for. Fundraising never took off, and instead of fixing their problems, leadership decided to pivot to some half-baked application. The brains behind this shift? A CTO with a long-standing reputation for poor decision-making, who has always advanced because of family connections rather than skill. Every time he gets involved, the company bleeds money, and this was no different. The result: more than 50 loyal employees thrown out, the company is being dissolved, and leadership already chasing their next shiny object. The CEO has a history of abandoning his own companies, and this was just another example of him running away when things got tough, leaving everyone else to deal with the mess.
Cons
No direction, investing everything into tech and giving hopes for employees to stay even they know for a fact they are dissolving the company