Sinking Ship - Anonymous employee INTURN Employee Review

I was at this company long enough to see the slow decline from a once outstanding place to work, to a place I could not leave soon enough. Inturn was at one time a company that prided itself on a "people first!" culture. You could tell that culture was set from the Founders and C-levels at the top. In those days, it really felt like the company was working toward something meaningful and a bright future was ahead. After the company went fully remote, the CEO stopped giving company updates, and there was an increasing disconnect between different departments within the company. Politics started to play a bigger role and employees at all levels started acting in personal interest rather than what they felt would be in the company's interest. Because of an extended period of weak growth, investors are averse to getting involved in the next Series of investment. This is easy for employees to see because we used to get regular updates from the exec board on fundraising, but since the "second series B" we have heard NOTHING. Earlier this summer, the poor fundraising outlook resulted in layoffs where a considerable portion of the full-time workforce was cut. Transparency was always espoused as a core company value, but since covid that is hardly the true case. The CEO gave a company speech after the layoffs that was clearly scripted by an outside consultant (the normal speech you would expect after layoffs, about the bright company future, so that other employees won't jump ship on their own terms). As a result, employee morale is at an all-time low. HR also continues to add rules and conditions that don't really seem to benefit either the company or the employees, in a way that just makes it overly bureaucratic to work at a company that no longer is that attractive to work at to begin with. When I first joined, HR would send out an annual survey to get a read on company morale. Then they skipped a year or two, and then sent out a survey but never reported the results to the company. I would strongly advise any interviewing prospect to set their sights elsewhere, as it is unclear that the company has much of a future.