I've done 4 interviews with a company in the finance space that pays pretty well. I've completed my technical interviews and have advanced to the cultural/behavioural rounds where I'm set to speak with senior business folks, including the COO and the CEO.
Initially, I was excited to be at this stage and resolved to prepare by talking to former employees of the company who could give me insights into the work and culture that I could use to impress my interviewers. However, my conversations with these folks served to turn me off of the company. Everyone said it's a grind culture where people are expected to work 60 hours a week. I've done the math and on a per-hour worked basis, the pay's not actually that great.
Based on the lack of challenge to my interviews so far and my convos, I get the sense the company is desperate to fill the role because the former employees I spoke to had enough of the bad work-life balance and quit.
I'm pretty sure I can get the offer, but I don't see much point anymore. I won't accept it at the salary the recruiter gave and even if I can bump it up 15% I still won't. So I think the best thing to do is to cancel my interviews and save everyone time.
My question is, how do I back out gracefully? I don't think telling the truth ("your culture stinks") is appropriate here. I was thinking of saying that I got another offer, but if they really care, they'll be able to see that my LinkedIn hasn't changed, and maybe that'll leave a bad taste.
Any insights are welcome :)