Well, the company is being run into the ground by the owner. The current owner/president inherited the company from his father, who had put in all the hard work creating the products and establishing a business model that was good for customers, employees, and partners.
The current owner, though, has no experience running a software company, no experience managing people, and no experience in the industry. This has led to many unfortunate and disastrous decisions.
You will be heavily monitored if you join the company, Monitoring includes video cameras in all the work areas, phone calls being recorded and listened to, emails being examined, and your daily web traffic analyzed. All of this monitoring is actually done by the owner of the company and has produced a very strange and uncomfortable work environment and overall culture.