The focus of the executive team seems to be solely on TPV (our revenue), with a disproportionate allocation of resources to select teams like sales and product, leaving other teams to struggle. Unfortunately, the sales team's management appears to lack direction, as evidenced by inconsistent performance reviews and constantly shifting processes. The recent layoffs in December 2023 underscore a shortsighted approach to growth, prioritizing immediate gains over long-term sustainability.
While the company espouses a culture of boldness and open communication, there's a pervasive fear of repercussions for speaking candidly. Merit seems to be overshadowed by volume, with only the loudest voices receiving recognition while others are overlooked.
Many teams are operating at full capacity with limited resources, yet the executive team appears indifferent to their needs. Resource allocation seems arbitrary and unfair, failing to support teams where they need it most.
The CEO's pattern of hiring and swiftly dismissing executive team members raises concerns about strategic decision-making. The repeated justification of such actions with generic statements about what's best for Float at the time undermines employee confidence and job security. It's disconcerting to witness such uncertainty at the helm, with decisions seemingly made on impulse and subject to frequent reversal.
