Worked at Lytho for years.
Past few years, company has been struggling to make (new) sales. This means the last couple of years not only did they stop bonuses, they also stopped giving raises for most employees*. All of this during the highest level of inflation seen in the united states in years.
During this sale slowdown, the company struggled to come up with a direction on how to get out of the slump. Instead of investing more into the existing product to attract new sales, the company decided to go the "buy other companies" route.
Previously known as inMotionNow, the core product was workflow, a project Management suite for creatives, including Review and Approval. This is what was/is paying the bills. A couple of years ago they made a boneheaded move to buy another company called Lytho. Lytho was a DAM company, similar to Dropbox. Instead of keeping the brand name that has been known for years, inMotionNow, they decided to rename the whole company Lytho. Dumb.
Couple of years later, Divvy comes into the picture. Divvy was a company that provided very similar functionality to the existing workflow app. Instead of just adding all the divvy features to workflow, probably at a cheaper price, management at Lytho decided to just buy divvy. Fast forward to 2025 and they basically aren't doing much of anything with it.
Which takes me to April 2025, where they layed off a bunch of the core product and development teams. Not only did they not give any sort of notice, they gave insulting severance**. This leads me to believe the current CEO (Scott Weeren, not Douglas Thede), Management, board don't actually care about employees. Did I forget to mention a year or two ago they switched to "unlimited PTO", which means they did not have to pay any of it out during this layoff process? That's right, beware of any company that offers "unlimited PTO."
Naturally this does not bode well for the future of Lytho. If I were a someone looking to interview for Lytho, I'd stay far away.
* I'll admit (the previous CEO) learned from this a bit and gave some raises in 2024
** "Insulting Severance": Instead of severance based on length of employment, it was based on job title. Meaning, if job title had "Senior" in it, the employee got 2 paychecks worth of severance. Otherwise, the employee got 1 paycheck worth of severance.
