Sinking Ship and Out of Touch C-Suite - Project Manager AvantStay Employee Review

2.0
7 Sept 2022
Recommend
CEO approval
Business outlook

Pros

Teammates are great people that are hard-working. Benefits are decent; fully remote, volunteer days, mental health days, UPTO The 2 stars I gave it are for the above: teammates and decent benefits.

Cons

I used to believe in our C-Suite, specifically our CEO and Co-Founder but no longer. After Series B and additional funding earlier in the year, they became completely out of touch with reality. They did 5 rounds of layoffs (and counting), barely acknowledged the 1st round, and nobody knows when these layoffs will end. They quietly continue to lay off employees and use the word "macroeconomics" as if that makes up for all the livelihoods lost due to poor C-Suite and Board decision-making. Sean (CEO) and Reuben (Co-Founder), in addition to all the other executives, will act like nothing is going wrong, or that company culture is at an all-time low during company-wide calls. Speaking of culture, it's at an all-time low (and I have been here for 3 years+). There are employees running events and trying to keep the morale up, but that doesn't go anywhere when not only did culture budgets got cut, but the executive and above doesn't care about culture. 3 year sago when I started it had the start-up hustle culture which is all dandy but Sean continues to run this place as if it's hustle culture. The amount of time I've heard my large team and colleagues talk about "quiet-quitting" is nauseating and demoralizing. There are SEVERAL (important) people looking for new jobs, and they either don't care because we're all replaceable in their eyes, or they're so removed from reality that they actually think people are happy. Neither are good, obviously. How does the C-Suite not see this? I will never know. As someone in a role where my next career move is the executive level, I'm learning a lot about how NOT to be. It will be interesting to see how leadership handles the fact that this many people are interviewing elsewhere and looking to leave this sinking ship. Probably nothing though, because they think they're so great and the employees are in the wrong, and they're in the right. There's a difference between being conservatively business-minded, and being delusional, and unfortunately, the C-Suite is now in the latter.

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AvantStay Response
3y
Thank you for taking the time to share your thoughts and feedback, which we do take seriously. While the 11 acquisitions we made this year did lead to an excess in employees that required us to make some difficult decisions, we've had 1 round of layoffs vs 5. As a company, we value team work, strong performance, and communication above all else, and these are tenets we are committed to upholding in our leadership team, just as we'd expect them from our employees. We're disappointed to hear you feel there's been lack of accountability and transparency from our execs, as we've aimed to use our weekly all-hands to keep our team members abreast of all business developments and updates, including bi-weekly opportunities for employees to poise anonymous questions to our leadership team. We encourage you to please submit questions to our next Q&A or reach out to any member of the exec team to directly address your thoughts or concerns. On the topic of diversity, this has been an area of priority and focus for the company over the past couple years, and it's categorically inaccurate that layoffs have been predominantly women. Over the last 6 months, URG/URM representation within our new hires has increased by 57%, and we're committed to continuing to improve diversity and representation at Avantstay, with ERGs and programs to ensure we foster a sense of belonging and support for all employees.

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3.0
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