1.0
Jun 1, 2018
Current employee, more than 3 years
Auckland, Auckland
Recommend
CEO approval
Business Outlook
Pros
1) Paychecks haven't started to bounce (yet). 2) Values are cool (Open, Trusted, Courageous), too bad that is where the values stop. 3) Incorporate 50% of bonus into salary (even though they clearly can't afford it). 4) Healthcare benefits are good, but getting worse over time as money dries up
Cons
1) Financial State - share price drops from $6 to .75 cents. 2) Burnt through IPO money ($125 million), Burnt through rights offer ($32 million), and only have $4 million in the bank to make payroll for 1,200 employees. 3) Scary decline in revenue -22% YoY 4) Don't believe the 'path to profitability' spin, they have to reduce cost (terminate employees) instead of letting sales lead the way to profitability