Compensation. The program that replaces RSUs is sub-optimal, since it requires a one-time lump-sum investment. Otherwise, bonuses are getting slashed, and yearly promotions (at least in my org) are being shelved for now. Horrible lack of transparency about what is happening within the company now that they're private. We were promised no layoffs, and then layoffs and cuts happened because we didn't quite meet "ambitious" revenue goals amidst an economic downturn. Additionally, the average employee has no idea what the dollar amount of these revenue goals was. Many employees get away with doing next to 0 work. (Could be a pro, depending on the type of person you are.) Some layoffs were justified or understandable, but some made absolutely no sense. Many people in middle/upper management have surprisingly awful people skills. However, the CEO is an exception to this rule and is genuinely very charismatic.
