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Akoustis Technologies

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Toxic Culture, Nepotism At Its Finest, Morally & Financially Bankrupt - Engineer Akoustis Technologies Employee Review

1.0
8 Sept 2023
Recommend
CEO approval
Business outlook

Pros

High-tech RF filters as they say...

Cons

I must express my utter dismay and disgust with this abhorrent company This institution embodies everything that is wrong with corporate culture, and I implore anyone with even a shred of self-respect and moral integrity to steer clear of this cesspool of despair. The clique environment is suffocating. It's like high school all over again, with a tight-knit group of cronies at the top who wield their power to oppress and manipulate the rest of the workforce. Dissenting voices are silenced, and if you're not part of their inner circle, you might as well be invisible. Speaking of toxicity, the culture is so poisonous that it makes Chernobyl look like a vacation spot. Morally bankrupt upper management will stop at nothing to appease their beloved CEO, even if it means sacrificing the well-being of their employees and the company itself. It's a cutthroat world where ethics and integrity have been thrown out the window. Let's not forget the complete lack of structure and the ad hoc approach to everything. It's like trying to build a sandcastle in a hurricane - nothing sticks, and chaos reigns supreme. There's no rhyme or reason to how things are done, and it's a miracle that this shipwreck has managed to stay afloat for as long as it has. And speaking of staying afloat, the financials are a trainwreck. Negative cash flow? Check. Negative EPS? Check. Frequent stock dilution to raise operating capital? Check. It's like a never-ending spiral into the abyss of financial ruin. After nine long years of operation, you'd think they would have figured out how to turn a profit, but alas, they remain unprofitable, and it's clear that they never will be. But wait, there's more! They have the audacity to rely on government funding from the CHIPS Act to keep the lights on. They have enough runway cash to fund just one more year of operations, which is nothing short of a ticking time bomb waiting to explode in the faces of the few remaining employees who haven't jumped ship yet. The exodus of good and bright people from this sinking ship speaks volumes. Those who could escape the clutches have already done so, leaving behind a disgruntled and demoralized workforce. Many are trapped by the allure of high salaries, but it's a Faustian bargain that's not worth the soul-crushing environment they endure. Outrageous salaries of the CEO and upper management. They're living in a parallel universe where they're rewarded handsomely for driving the company into the ground. It's a slap in the face to every hardworking employee who's been subjected to this nightmare. Founded on stolen intellectual property from a competitor and is currently embroiled in litigation. It's a company built on a foundation of deceit and deception. I wouldn't touch them with a 100-foot pole. This organization is a sinking ship, and the stench of its toxic culture, financial mismanagement, and moral bankruptcy is suffocating. Do yourself a favor and run in the opposite direction. Your sanity, integrity, and financial well-being depend on it.

Explore other reviews about Akoustis Technologies

5.0
23 Apr 2024
Recommend
CEO approval
Business outlook

Pros

Emerging technology that allows growth

Cons

Room for improvement as always the case with Start ups

1.0
19 Oct 2023
Recommend
CEO approval
Business outlook

Pros

the people-( most of them ) they are working for a company they care about but who cares NOTHING for them

Cons

where to begin??? - upper management is a joke , run by their dictator "leader" who is a complete and utter moron who can barely form a sentence , isnt the owner of a company supposed to be able to speak publicaly and not look like he is strung out and running this business into the ground??? some of the supervisors genuinely care for their people but others are too busy believing the corporate mentality that this company can really recover from all of the screw ups and LIES. they HAD a good HR until they let the ONE person go who genuinely cared about people during the SECOND layoff in 1 month . leaving another idiot who doesnt speak to anyone in charge, another brilliant move by upper management the fab is outdated and operators are expected to just stay in the fab during HOURS of downtime, twiddling our thumbs . the training is an absolute JOKE and so is the ' family " atmosphere they try to sell you at the time your hired. i would not recommend this company to anyone and would tell you to work at mcdonalds before taking a job here. it is a joke.

7
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