They were sold a few years ago and things slowly got worse but it was still a decent place to work. A new CEO was hired this year and he is ruthless. He'll casually drop callous comments on all hands calls talking about laying off staff. He comes across as a deeply unpleasant person and has destroyed the culture that took years to create
Staff no longer have a work life balance. There's now an expectation that people will work longer hours and even on weekends. There's no recognition for this extra work.
There are mass redundancies globally. Entire teams who have put in extra hours for months are being let go with no thought to where their workload will go. There's no handover plan either, so the staff left behind will be scrambling to figure things out by themselves
Large customers are leaving the company. It really has the feeling of a sinking ship. 90% of the issues are driven by the CEO