Pros
The only pros were that I worked with some pretty great people and formed lifelong friendships with some.
Cons
1.) C-Suite only has their best interests at heart, not the company’s or its employees. The CEO told us multiple times that the company had enough cash runway yet 16% of the full-time staff was laid off. 2.) The severance package was insulting. 6 weeks' worth of pay (plus an extra week if you had been with the company for over a year). Our severance contract stated we would get our payment within 10 days, yet I did not receive mine until 22 days after. I had to follow up numerous times with HR to get a response. 3.) The company claims diversity and inclusion is a core focus, yet they laid off the DEI coordinator in the first round of layoffs in June 2022 and then the DEI head exited the company a few months later. They also promoted a male with zero clinical background as general manager of the women’s health company after the second round of layoffs in February 2023. 4.) The company is incredibly senior leadership heavy. In the second round of layoffs, only one VP was let go, while the majority of employees impacted were those actually executing senior leadership’s poor strategy that put the company in its downward spiral. The ELT team (which I believe is at least 30-40 people) also had a three-day company offsite at a 5-star spa resort in Austin only two months before the layoffs. An average one-night stay at the resort ranges from $800 - $1,000 a night - about the cost of one month’s worth of an individual COBRA plan for those that were laid off. 5.) Promotions and raises are rare. I worked at the company for a year and a half and my only raise was an extra $1,000 a year. When I asked about my growth trajectory and path for a promotion after I had a positive performance review my manager told me to not expect a promotion for another year or two.