- Low Pay. Lower pay across the board. Engineering likely somewhat competitive, but still lower.
- Illusion of Equity Value. Big share allotment at low prices, but reality is that there's a mountain of shares outstanding. Whatever you think they're worth, it's way less.
- Recent cleansing and downsizing of teams. Many early employees that helped build the business asked to leave. That sucks. Maybe necessary for the path forward, but the lack of proper appreciation for big early contributors is sad.
- Success of the business and model is still in question so interesting tough challenges to solve for, but can also put your career at risk by joining if the growth stunts. Also, given recent turnover, seems to be quick on trigger to remove staff. The economic payoff is not what recruiting may lead on. You must join for the mission and the challenge which are worthy.
- First wave of turnover was led by management org planning adjustments. Second wave of turnover led by workers coming in next few months given disappointed comp adjustments.
