The new CEO and leadership team have implemented new core values that are embarrassing for them to stand behind. Like, "inclusion is a competitive advantage"? Not you using DEI as a profit-driver. And my favorite, "No pain, no gain". What in the 90s fitness billboard? No more need to show the industry you have no idea about current wellness trends. Big yikes. ||||||||||| They just took away PTO payouts they promised A YEAR AGO, just one month prior to paying out to hardworking employees. Why? CEO states they underestimated payouts, no one took the time off he thought they would, and the company is doing too poorly. Current employees survived layoff after layoff and stayed committed to the company, forgoing time off to work on important initiatives. Any time off was a burden to already resource-strapped teams. Combine that with reducing bonuses from four times per year to once per year, and postponing the next one--and you have a recipe for leadership that does NOT care about employee wellness, or the core tenants of an industry they claim to understand. ||||||||||| Mindbody and Classpass' core competencies are lost in the shuffle of newer, better, more innovative, more on-the-industry-pulse products. The lack of strategic leadership has paved the way for competitors to rise above and win. They simply don't know what they're doing. And it shows in the market. ||||||||||| The CEO gave employees monthly wellness days to take off work and do something to care for themselves. Great, in theory. In practice--on one wellness day, he sent a company-wide email detailing why it was so important to check emails on wellness days AND EVEN on weekends. No pain, no gain, right?
