Modern Treasury Reviews

In monthly all-hands when discussing finances and revenue, the company painted a picture of sunshine and rainbows, and little-to-no indication that the company isn't performing well. Then, a mass layoff wave of ~20% hit (across all orgs), citing that the revenue growth is lower than expected and not keeping up with their massive headcount growth. Even the months leading up to these layoffs, they were actively hiring like nothing was wrong.

No product strategy or vision in spite of amazing early PMF C-suite has no idea how to grow revenues consistently and repeatably After raising $$$ in their series C, C-suite (esp CPO and COO) became very arrogant and aloof, equating fundraising to success Leadership has made key GTM decisions arbitrarily and unilaterally, confusing the company and setting them back significantly Laid off 20% after over hiring in 2022. Lay-offs were arbitrary and poorly executed and poorly timed 2 months after spending $$$ on a lavish offsite Zero loyalty to early employees Great potential, but needs major leadership changes to succeed