Mismanaged and Too Aggressive - Software Engineer Spreetail Employee Review

Terribly mismanaged from the executives with multiple layoff rounds in three years time. The company laid off employees back in 2019 for a dubious play into become a online storefront. Covid helped accelerate revenue for the company but once again management was too aggressive and unfocused with planning and hiring. Focus was constantly shifting with little-to-no time for teams to pivot showing that leadership was always a step behind on what needed to be done. The poor performance of the company was blamed on that the current state of the economy and eCommerce wasn't "predictable". Did you not attribute your success in 2020 and 2021 to the unusually large injection of free money directly into people's pockets because of a global pandemic? How did you not anticipate future years looking different? Spreetail offered voluntary severance in September with a threatening message to employees who wanted to stick around that you will need to work hard and determine if this is something you really want to do. Bonuses and raises cut for the next two years all to get the company in better standing. Executive compensation was presumably and expectedly untouched. Some who decided to stay and take the cut in compensation were laid off at the beginning of October while a large chunk were laid off at the end of October. While I understand that layoffs happen to the best of companies, the way Spreetail handled it was unbelievably bad. They should be embarrassed that this has happened multiple times in such a short amount of time. If you do decide to work here, make sure your resume is up-to-date at all times.