Overpromised and severely under delivered - Anonymous employee ObvioHealth Employee Review

I joined the company at a time when the team was growing rapidly and everyone was working hard and long hours to launch our product. During the hiring process I was promised good career progression, decent yearly increment, 2 months bonus, and 10-30% equity. In almost 2 years, none of that happened - no opportunities for promotion, no yearly increment AND bonus due to poor company performance, and no equity given. In countless town halls, the management team boasted about the market's keen interest in our company and product, and that we were making good progress in closing sales and generating revenue. It was later revealed that it was all a lie, and we barely closed any deals. This left everyone very blindsided and concerned about our future in this company. From then on, it was difficult to trust any news shared by the management team. With frequent restructuring (generally every quarter), which decimated most of the staff in the US, the remaining folks mostly in the Singapore office are still treated as "second class" - undervalued and under appreciated despite being the backbone of the company and building the product from ground zero. All this, together with an unattractive retention strategy only offered many months after the mass layoffs, are driving good people away.