poor management - Architect II Design Collective Employee Review

This company had 3 people resign on the same day in November 2023. Two of which were associate level or higher. Then 2 more resigned in December 2023, one was principal level. End of year bonuses were minimal (less than 2%) and raises similar (~2%), less than cost of living. There were 4 promotions at the end of the year, 3 of which were associate level or higher. There was 1 new hire in January 2024, The company has continued the interview process with several prospects throughout the first 4 months of this year and continued to go to college/university career fairs to meet potential new hirers. March 2024, there were 2 additional promotions, both principal level. April 2024, the company laid off 5 people, Only one was associate level, the rest lower level staff. The company cited economic reasons for the lay-offs and later sent out a company wide notice that the company has been operating at a loss since November 2022. Operating at a loss for almost 18 months and multiple high level promotions do not match up.