Thousands of layoffs In the past 3 years and a completely unprofitable business model have pulled several high performing businesses down into the depths of EBITA inferno. The stock price sunk 95% in 3 years and it’s forced them to fire good employees from every region across every position. Some leadership are preparing for the worst behind closed doors but won’t admit to the masses that this ship is sinking.
There is not culture, there are no values. It’s just a waiting game at this point. All that remains is enchanting talk of the future of AI. Although Monks doesn't offer any unique AI services except to the likes of Google, Amazon and Microsoft, the all hands calls are filled with its tired stench. Rather than addressing real employee concerns, they choose to highlight unclear and esoteric visions of AI, with no widespread training of it to anyone at the company. We just witnessed a 90 minute all hands where thumbs down emojis couldn’t be stopped for the entire meeting, even by senior leaders who asked it to stop. The comment section was filled with angry employees demanding answers and accountability to the new return to office policy and lack of promotions, pay increases and clarity into layoffs. I’ve never witnessed anything like it in my career.
