Chronic systemic issues: no salary changes in 2 years, terrible culture and mass layoffs. Avoid.
Pros
Unless you were lucky enough to join the company ~3 years ago, not many: - Remote work - Some people who joined during bull market got decent salaries (but not adjusted since then) - Company pursuing licences across the world
Cons
- Company openly and repeatedly lies to its employees (repeated broken promises of salary and performance reviews) - Management doesn't listen: arrogant and contemptuous, they dismiss and ignore employees' concerns. - No salary adjustments in 2 years. - Mass layoffs - Culture of fear, demotivation and demoralisation amongst employees (after being lied to repeatedly, and management not listening) - Bonuses worthless (new employees from mid-2022 get nothing) - Zero transparency (across the board) & unfair treatment between employees: wide range of starting salaries for same job title, company sees no issue with this and does nothing to mitigate underpayment/pay disparities for those with same role+responsibility+title - High concentration of power in director layer. Lower levels of management have zero power and authority to make changes. - "Crunch" culture + toxic comments from management: "inflation is irrelevant" and "I don't care about pay equality" being two highlights - Management reacts with hostility to any negative feedback / pushback on working conditions, pay and culture: "Get on with it. If you don't like it, leave." - No company direction, aimless. Goals were "NFTs", now "AI". Company just ticking over, looking to survive the bear market. Product/management looking for and initiating work for the sake of work - to "look busy". - Management very hostile to non-HK, local working cultures and norms. - Willing to spend billions of dollars on sponsorships + marketing, but (next to) nothing on their employees (salary/benefits/training/professional development) - Spent a lot of money on severances during mass-layoffs mid-2022 to early-2023, clearly now they're trying to get people to resign/move on so they don't need to pay any more severances (to reduce employee costs further)
