Delusional, incompetent leadership - Anonymous employee Adweek Employee Review

A mostly new leadership team took over in 2022 and the company has been in a downward spiral ever since. The CEO has made radical changes to virtually every senior leadership position, bringing in friends and acquaintances who have little to no experience managing a b2b business and the consequences have been devastating. Company culture is at an all-time low. Revenue has dried up. Products are suffering. Most importantly, talent is fleeing Adweek as fast as it can. Many of the most dedicated and talented employees are gone. The talent that remains is looking for an exit ASAP. I get multiple calls weekly from dozens of current staffers who are disillusioned and dismayed by the state of this organization and the poor leadership in place. No promotions or raises. No bonuses (despite many many promises from the CEO). A hiring freeze. At the root of all of these problems is the unfortunate reality that the new leadership team has no idea who the real Adweek audience is, what it wants, or how to serve it. Readers are noticing. Event attendees are noticing and, as evidenced by declining revenues, so are clients.