Substantial layoff took place, culture is now lacking, morale is down since then.
The company pivoted, lost the main investor, now have to purchase supplies at full price. With uncertain revenue sources and limited investment, joining here is likely not a long term career as people continually leave. I know one person who departed about a month before the layoff who was aware of the burn rate and said before leaving that they would be surprised of the company was operating by the end of the year.