High Turnover, Layoffs and Lack of Transparency - Analyst Conservice ESG Employee Review

1. High Turnover of employees. This includes 2 VP, 3 Senior Managers, 1 Sales, multiple analysts, 1 Data Architect, 1 Developer, 1 SF Analyst, 1 Operations Manager, 1 Manager, 1 CEO and more in the last year. 2. Layoffs are present. Staff headcount have decreased in the last year and equivalent have not been hired. A lot of middle management have been affected. Many employees were caught off guard and will be without income for a few months. 3. Lack of Diversity. There is a lack of diversity in departments and upper management. Headcount has a disproportionate number of millennial and Gen Z. 3. Lack of Transparency - Goals are not clear. Company changes are not communicated and elaborated. 4. Management Changes. Executives have had reorganization and turnover in the last year. 5. Pay discrepancy in industry. Employees can earn 10-50% more at another company. 6. Limited Benefits. Benefits are not the same as a more established company. 7. Resources and systems are limited. Error handling needs more consideration. 8. Work life balance is not present. Many overtimes hours are needed. Company should hire more to limit overtime hours for employees. 9. Toxic work culture. Management have made threats of being fired and firing. Employees do not feel valued. There is low employee morale. 10. Micromanagement is present. It puts employees on edge. 11. Truthfulness is a problem. Executives tout company is growing but makes layoffs and vague company decisions. Other examples exist as well not just situational. 12. Company uses many temporary employees. 13. Lack of tenured employees. Many employees have left in 1-3 years and some were laid off with about 1 year tenure. 14. Job security. This is a concern with a new company with many changes. 15. Difficulty in employees addressing concerns. Hierarchy makes it difficult to do. 16. Career opportunities are limited. Hiring is limited. 17. Board members should be arranged differently. Oversight could be adjusted. 18. Longevity and growth of different aspects can be a concern. 19. People will say good things to remain on good terms and not burn bridges. Expression is difficult given that it is easy to trace complaints in a small company. 20. Blame should not travel down while credit travels up. Responsibility and changes should be more equitable. More understanding for employees should occur. 21. It is a not a traditional company. It is not perfect. Lessons should be learned from employees and other companies.