Remitly Software Engineer reviews

I worked here for a couple of years. My quarterly reviews and talk with management were great and very positive. All of a sudden, me and several other engineers in the company were given PIP's with wild "improvement" metrics (i.e. no feedback on code in 30 days) that are completely counter to what improvement means. We believe it was a way to "layoff" a percentage of the workforce without actually calling it a layoff for legal reasons. I saw an job listing go up for my position, offering a lower salary than what I was paid. It didn't feel great to see that. No matter what you are told, in the end this is just another business.