- total lack of transparency from management. An to attempt placate this longtime concern came in the form of a bi-weekly internal newsletter, but it honestly failed to address any real issues such as financial burdens, how the downturn in the crypto market might affect jobs, etc.
- major issues swept under the rug (e.g. complaints of misogyny)
- rampant favoritism. Preferential treatment given to others on baseless grounds - employees going over manager’s heads to get want they want leads to a toxic culture and becomes very discouraging to those who work hard. Promotions are given on a basis of friendship NOT merit
- inability to scale: everything for this company is about image (as a PR firm, this should be no surprise). But as a result of hiring too quickly regardless of the volatility of the crypto market, many were let go from their positions with no warning (see lack of transparency above)
- for December layoffs, several severance packages (which were already minimal at 2 weeks pay) were paid out long after they were due. This was especially egregious because the layoffs occurred right before the holidays and left approximately 20% of the NYC employees without enough pay to get through Christmas
