Politics at high level led to layoffs - Product Manager Redbubble Employee Review

So someone wanted to be the next CEO and got rid of everyone, I can't imagine the culture there being tolerable anymore, literally its "we pay you, you work yourself to ground" . It's a feature factory. All talents laid off but surprisingly band of friends weren't. They say redundancy was based on role but its clear as a day it was favouritism. Not sure the P&C members still have jobs while so many talented people who worked incredibly hard for 6 months sacrificing their mental health for the company were laid off. From first hand knowledge, some of the people were absolutely abused and no action was taken. Since the founder CEO joined, it has become one of the most toxic places I have ever worked in. It used to be such great culture of hard working people but all thats left is people who will just do anything to climb up the ladder.