Death spiral - Anonymous Employee Verily Employee Review

-Leadership has no vision and no plan to accomplish meaningful milestones. CEO has no healthcare experience and doesn't want to learn about it. Without a real goal to guide the work, bureaucracy and internal fighting have become the main efforts. -Verily's products are not doing well, and competiton from other companies, including Verily's own parent company, Google, is overwhelming. -Employees have had benefits and compensation cut dramatically, while being told the company has great prospects and more hard work is needed. Leadership has ruined their credibility through lack of transparency, broken promises, and general incompetence. Company performance is described in an extremely misleading way. -Project cancellations, layoffs, and stock price drops are described as a good thing since it allows the company to focus on the core value, but no one knows what that is. -Latest fundraise round is going poorly since investors also can't understand what the company is trying to do. -Many employees assume the company is beyond the point of being viable, and have given up trying, hence "death spiral"