Company on its lasts leg, desperate to sell - Anonymous employee Epirus Employee Review

ELT has repeatedly disappointed its employees with a second round of mass layoffs within just six months, while conveniently retaining their own positions. Moreover, the company has recklessly burned through investor funds by pursuing ambitious projects without a clear strategy for marketing or selling the resulting products. Despite attempting to adopt Silicon Valley values, ELT's hiring practices have been limited to individuals from the defense industry, stifling innovation and diversity of thought. If ELT recruited leaders from prominent tech companies, instead of putting in place internal inexperienced personal, ELT could have unlocked the true potential of its commercial department, paving the way for a self-sustaining future. Regrettably, there seems to be only one product in ELT's pipeline that holds potential for generating substantial revenue, but it is projected to take five years to materialize. Given the dire state of affairs, it is highly doubtful that the company will survive beyond 2023. Consequently, it is logical to assume that investors would prefer to cut their losses and sell the company, rather than continue pouring money into this poorly managed and misguided experiment. Within ELT and senior management, there is a prevalence of inflated job titles, with everyone seemingly being dubbed a "Chief" of this or a "VP" of that. This situation has led to a self-serving environment where individuals are solely focused on preserving their titles, enabling them to seamlessly transition to other organizations when they eventually abandon ship.