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Cataclysmic layoffs broke the company. Didn't even get my feet wet.

Site Reliability Engineer
Former Employee
Worked at Stash for less than 1 year
November 11, 2024
2.0
Doesn't RecommendNegative OutlookNo CEO Opinion
Pros
  • Great People who are welcoming, friendly, and knowledgeable. Everyone I met was very upfront about, well, pretty much everything.
  • Good pay and good benefits
  • Remote-friendly workplace
  • The severance wasn't bad! It was actually a lot better than a previous company for which I had worked longer.
Cons

Every time there's a major management shakeup, or the quarter hasn't financially done well, there's a round of layoffs.

The CEO changed 1 month after I was hired and shortly after that change they laid off 40% of the company. According to longer tenured employees, this was a normal occurrence, and therefore contributed to a culture of unease where nobody knew when it was their turn on the chopping block.

I had somewhat of an idea of this going into the job, but I didn't think it would manifest so quickly, as the messaging was that the company was at a financial place to grow again.

Advice to Management

Headcount isn't just numbers on a balance sheet. Every account on payroll is someone who can pay bills a little longer, put food on the table for themselves and their families, put money towards rent / a house, or put money away for long-term savings and investments -- like the mission of the company and the product claims to be for. This company-wide strategy of shedding weight by percentages is not just barbaric, or cruel, it's downright idiotic. The sheer amount of technical debt that is left on the shoulders of the remaining engineers tasked with keeping the product alive will cause the product to crumble underneath itself. And the likelihood that talented engineers with the know-how to clear the debt can be brought in and trusted to stay, is careening towards null.

Additional Ratings

Work/Life Balance
4.0
Culture and Values
1.0
Diversity, Equity, and Inclusion
4.0
Career Opportunities
1.0
Compensation and Benefits
3.0
Senior Management
1.0

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