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The entire company is a complete mess, lacking middle managers, while senior management doesn’t understand the work. No one evaluates the engineers’ performance, so engineers can easily put on an act and claim how long it will take to finish a program, when in fact they are just browsing the internet aimlessly.
Before the IPO, they would bluff about giving out shares, but in the end they would ask you to buy them at a price higher than the market rate.