The company stock is down 40%. Brazilian management is focused on financialization. They borrow and leverage every penny they can and then cut costs to the bone. The CAPEX budget is so small that they are running the company in a way that is not sustainable to portray artificial profitability. Imagine a company that is using Windows XP as a backbone for operations.
Every December the company goes through an "OPR Process" and lays a bunch of people off. Career opportunities are limited because of constant downsizing.
I went years without a pay raise before I left. It is impossible to retain top tier talent without pay raises. Individuals with marketable skills will simply go out into the labor market and find another company to offer market value. The only people that remain will be lower caliber workers that can't find a job elsewhere.
Annual Bonuses are the biggest carrot and stick corporate comedy. They never pay out because the company never meets its impossible financial targets. At the beginning of every year, the company says bonuses are going to be good this year. "Everything is looking good". Then around June management comes up with some unexcepted event and claims the bonuses are at risk. In December they will tell you "Well, the bonuses aren't going to payout but finish the year strong!".
Caste system where older employees get better benefits than newer employees. Many of them get 30 days vacation while you are lucky to get 10 or 15. Guess who gets to pickup their workload while they're relaxing?
The company often references the core values of being a meritocracy but it is anything but. The company is highly political and the best way to move high up in the company is to be a Brazilian male with connections or go through the GMT program (I.E. went to Ivy league schools).
The technology used by the company is slow and obsolete. After the buyout, the company cut all expenses and never upgrades. Many jobs are being moved to India\Mexico with lots of H-1B visa holders working in the 202 building.
