Since being acquired by the Hellmann & Friedman investment fund, the company has gone downhill. Growth targets are no longer being met, and several projects focused on shrinkflation have led to a noticeable decline in the quality of the company’s private label products. Additionally, there have been widespread office closures and unrealistic goals that are simply unattainable.
The management team uses so-called “positive management tools” to carry out a witch hunt against employees who don’t conform, creating a toxic environment. Layoffs are common, with employees being dismissed within 24 hours, resulting in significant loss of talent.
The atmosphere is incredibly demoralizing, and leadership shows little regard for employee well-being, with C-level executives firing staff for trivial reasons, such as not using the “right words.”
The company is experiencing a high rate of burnout and sick leave due to the unmanageable workload, making it clear that this is not a sustainable work environment.
In short, this company has been ravaged by a predatory investment fund focused solely on extracting profit from an overvalued asset, with little regard for the people who keep it running. I would strongly advise against joining this company if you’re looking for a healthy, supportive work culture.