The corporate environment is extremely toxic. The current CEO, Jim Marcum, has taken the company backwards when it comes to morale. He thinks, and says, anyone who has been there for any length of time is a problem and the cause of the company’s financial struggles. Meanwhile, that was a result of prior executive teams refusing to use data to make decisions. Jim is no different and is repeating those mistakes which led to bankruptcy.
In addition, he sent out a very condescending email taking away MLK and President’s Day less than two weeks before MLK this year. Morale was already at an all time low based on how he treated us. This just made it worse because people had to scramble to find alternate daycare or use PTO.
Then comes the pandemic. The company came out of bankruptcy in January 2019 and almost ended up back in bankruptcy later that year. Instead, the debt was restructured and it seemed positive. However, the company obviously didn’t learn its lesson when it comes to cash flow and had to get even more money from the investors. To make matters worse, none of the executives live near the home office so the company pays for their weekday housing and their travel back and forth in the weekends.
At the start of the pandemic, about half the home office was furloughed. During furlough we received another email telling us that we were all losing about two weeks of vacation in 2021. The PTO was reverted back to vacation and sick time broken out separately and less days. Meanwhile, those of us furloughed had no idea if/when we were returning to work and here we are receiving the 2021 new vacation policy.
I have seen some job postings for the company in the last day or so, after just laying people off last week with the same title. My recommendation would be to look elsewhere. It’s not worth it there.