This company
Ø Merged a loss making business (Boost mobile/DISH) with the parent Echostar. Now the entire conglomerate is in trouble. They will funnel money from Echostar to keep up the Dish side of things and eventually end up drowning both. The main satcomm business is losing subscribers at a rapid pace and this company is behind the curve (thanks to Starlink). And oh, did I mention they have a $2B debt payment coming up, the money for which they don’t have.
Ø The stock - there's a 6 month lock-in period if you subscribe to the ESPP plan. And with the way the company is doing, there's no saying what will happen. There are rumors of bankruptcy (possible but not probable imo)
Ø They require all 5 days in office, with no flexibility offered for any reason - doctor appointments, school meetings, or emergency with your kids.
Ø PTO is also accrued and that too at a measely 4-6hr per paycheck (depending on how long you have been with the company) and they reduced the company holidays from 12 a year to 10.
Ø We have also been informed that starting September a "badge-out" policy is also going to be implemented. They are going to require a minimum of 8.5 to 9hr presence in the office premises. Go out for a lunch break, walks, going from one building to another? - cover the time by sitting extra. This idea is the brainchild of the CEO who expresses displeasure at the parking lot getting empty by 4.30/5pm. So I guess getting the work done is not of import, what's important to him is how long you warm your seats. The same rule was applied at one of my previous companies, and guess what? People started leaving in droves. Even those who used to work extra and put in time on the weekend (developers) stopped working extra and left the company at the first chance. And the CEO was removed in a year. I expect the same to happen here, but I won't be sticking around to find out and neither are a whole bunch of people. One thought is that this being done on purpose - to inconvenience people so much that they leave and the company doesn’t end up having to pay severance (re. points 1,2)
Ø The pay is below industry standards. And reading all the points above, makes sense why.
Hard avoid.