The CEO is very much involved in everything, as this is not a public company. If you are not a Yes Man, your At Will employment will not last long. I ignored a lot of red flags because I wanted to keep my employment. Due to early success with the product the C-Suite Executives have consistently burned money like kindling on events and parties while the employees were nervous about the dangerous economy. Slowing spending was not an option because it would go against the C-Suite's pride. Truly I think they fear letting down the employees, but in the complete wrong way; we all just wanted to be stable and continue growing, nobody needed any blowout parties. This culminated in a mandatory week long party in Las Vegas, which kept on racking up millions upon millions. Decisions were being made over drinks regularly, and the party had to go on. At the same time, they were requiring workers to come back in person to the office, because they were spending millions on building huge offices around the world. This was something the CEO hyped up in what could only be described as Corporate TV, which presumably was also eating up more money. At the same time, many employees noted amongst themselves that the C-Suite Executives did not seem to be setting the example of being in-office consistently. Rules for thee and not for me was generally what people thought. When the Chief Financial Officer left months ago without much word, we all felt concerned. The fact that the Chief Financial Officer has not been officially replaced should tell you a lot. Trust Through Transparency and Better Together are toted as huge tenets of the org but if you tell the Upper Level Management what they don't want to hear, you're marked. I'll likely get a robotic response to this review from the company. Saying that the huge recent layoffs are 'growing pains' is disingenuous. In almost every Town Hall there were employees worried about the economy and its effect on everyone, only to be reassured that OwnBackup is doin just fine! It is probably why multiple long standing members of HR left the company just before things went down. They might also say that 'large internal events are an investment in our employees'. If you are looking at this company keep this in mind: they gambled on this investment and lost. Millions spent on hundreds of people at that event no longer work for the company.
