1.0
Apr 6, 2023
A toxic company that's winding down
Current employee, more than 5 years
Carrollton, TX
Recommend
CEO approval
Business Outlook
Pros
None that I can think of.
Cons
It looks like Platinum Equity, which owns this dreadful company, is finally winding it down. They've tried to sell it for years with no success. The top-heavy executive team changes its strategy every 6 weeks or so, can't pay the bills and can't refinance the debt. Constant small layoffs have been the norm but now they've become massive layoffs of several hundred people at once. You'll get nothing but a pink slip for being a top contributor, hard worker, or subject matter expert if they think they can find someone - anyone - cheaper. At this point they don't have the right people to carry the business forward even if they could pull it out of its death spiral.