The new CEO (promoted from CFO) only cares about numbers and has a very condescending approach. He has implemented a handful of changes that make no sense, harm employees and are killing the company’s culture almost overnight.
The new bonus structure that was announced is extremely unethical. ISO grants were discontinued without notice. Now, the company needs to meet a goal to get a bonus. And get this - the folks doing all of the work (IC and lower level managers) earn a lower target bonus than the management team. It’s 10% if you have a “higher up” role and 5% for people doing the boots on the ground work.
- Why do people at the bottom of the totem pole, who are doing all the work, get the least reward *if* the company meets goal?
- This is incredibly backwards. If you want to incentivize the folks who you actually need to do the work that’s making change, don’t treat us like this when it comes to bonuses. Why was this not even across all levels?
Benefits have been removed without warning, yet a company principle is to trust in transparency.
- Flexible PTO is now capped, tracked, and micromanaged. Salaried employees are expected to clock in and out, have their time off micromanaged, but are also expected to stay “late” to make sure the work gets done.
- Benefits that have been advertised for years were stripped away. Summer Fridays have been eliminated and parental leave has been reduced.
- The timing is extremely short notice which has resulted in inequitable benefits across the team. Expectant mothers will have different benefits solely based on when they give birth.
All of this in the name of — what? Losing the culture and work life balance this company has thrived on?
