There looms a constant existential threat of potential layoffs.
The fear predominantly stems from regular redundancy rounds and the company's commitment to "openness." Company updates consistently highlight budget cuts across departments, emphasizing significant cost savings, yet the burn multiple remains alarmingly high. These updates, often presented to a mostly silent audience, skirt around the unspoken reality that the only remaining avenue for savings is through workforce reduction. Unfortunately, this fear became a reality for me during a recent round of redundancies.
While Elliptic champions values such as "openness" and "empowerment," the reality is that decisions are made abruptly, leaving those supposed to be empowered suddenly unsupported. Even when individuals are laid off or go on parental leave, the delivery expectations persist unchanged.
Despite these challenges, I genuinely enjoyed my time at Elliptic, and departing was bittersweet. However, I would hesitate to recommend it to anyone even remotely concerned about the toll that such a precarious work environment could take on their mental well-being.