Rampant Mismanagement - Anonymous employee iFIT Employee Review

Upper management (the executive level and a few downstream) seems to thrive on being shortsighted. In October, following a failure to go public, Mark Watterson assured 400+ employees that their jobs were safe. A month later, 50% of my department was laid off without warning and without severance or PTO payout, and more outside of my department were let go as well. Being laid off is always unfortunate, but laying off dozens (if not hundreds) of employees during the holiday season is truly unconscionable. The layoff comes after several new people were hired in the last month in my former department alone. None of the new hires were kept on. iFIT shows a startling lack of thought for what could *possibly* happen following massive growth throughout the pandemic, and the executives shoulder none of the burden of their poor choices–the consequences lay solely on the entry- and mid-level employees they just let go. My dad worked here and weathered similar situations over the course of 20+ years. ICON was a pretty subpar company to work for, and it seems that rebranding to iFIT didn’t take away that character trait.