[ASAP]

Has anyone ever been in a shitty work environment? Here is the situation I am currently in-

1) was brought into a team and company that seemed very structured and was making good money
2) turned out, within a few months; company was not making good money and had expenses thru the roof and lost a lost of money
3) management team was completely replaced by a bunch of dimwits that dont care about the people at all... CEO has no idea what he is doing (that got himself into his own HR mess), CFO is a part time employee, and the new VPs is borderline unprofessional
4) direct manager is very junior and a moron that doesn't resolve any conflict; and doesn't deal with any confrontation... he brought a lady back to our team that everyone wanted to fire and has now created even more conflict within our team

My exit strategy is already slowly planned but how did people tough out BS like this? It's amazing to see how something that was once decent fell into the dumps so quick.

[Harpinc]

What kind of business?

[Needbmwpartzz]

Stick it out for the show or just find another interesting gig.

[DETRoadster]

Originally Posted by ASAP

Has anyone ever been in a shitty work environment?

LOL. Now_Rudi where you at?

[Grumpy Old Man]

Get out, folks will hunker down because actually leaving is hard.

[King Rudi]

Originally Posted by DETRoadster

LOL. Now_Rudi where you at?

Oh man.....

ASAP I'm in a similar situation. Although my environment has changed and the employees I work directly with have finally realized that I'm not the devil; the company now finds itself in distress.

I'm currently faced with the decision of looking for a new job or riding the wave until it crashes. Ultimately these are the only two choices you really have.

[MrSmartyPants]

Why stay and deal with it if it's not a good looking term fit?

Get out now, job market is insanely good for employees right now. We can't even fill positions ATM. Anyone we like has multiple offers or accepts another position prior to us finishing the hiring process.

[detroitm2]

Originally Posted by MrSmartyPants

Why stay and deal with it if it's not a good looking term fit?

Get out now, job market is insanely good for employees right now. We can't even fill positions ATM. Anyone we like has multiple offers or accepts another position prior to us finishing the hiring process.

My wife is a director at a recruiting company, this is exactly what she deals with every day. Constantly get candidates bailing because they accept another offer.

Goes to show how overly-complex some companies hiring processes are. If you like the guy, don't wait, just throw a number and see if it sticks.

[ASAP]

Originally Posted by Harpinc

What kind of business?

manufacturing but owned by private equity

[ASAP]

Originally Posted by MrSmartyPants

Why stay and deal with it if it's not a good looking term fit?

Get out now, job market is insanely good for employees right now. We can't even fill positions ATM. Anyone we like has multiple offers or accepts another position prior to us finishing the hiring process.

This is already in the works... screw this place; they dont appreciate the people that put in the hard work; didnt give out the bonus or raises and now are asking for more and more after their own screwups.

[spazzyfry123]

Doesn't this sound familiar...

I'm finishing up my exit strategy right now in fact. Been with the company for seven years with a lot of myself put into it. I'm at my breaking point and getting ready to take a drastic career change. The most difficult part of it is leaving a company that I care about, but I'm at wit's end.

[aerokubectl]

Just leave and find another job. I leave at the first sign of stupidity.

[DETRoadster]

Originally Posted by ASAP

manufacturing but owned by private equity

Yeah, there's your problem right there. Did you not ask if they were PE or VC owned when starting? Every PE or VC owned company will tell you they have a "buy and hold" strategy and they are all full of sh*t. You can make good money and have a really interesting time working for a PE of VC funded company, IF, you are in a management position and can contribute directly to their cost cutting, growth, and eventual flip/sell strategy. If you are just a worker-bee expect to be exploited for all you're worth. it will be miserable.

[ASAP]

Originally Posted by DETRoadster

Yeah, there's your problem right there. Did you not ask if they were PE or VC owned when starting? Every PE or VC owned company will tell you they have a "buy and hold" strategy and they are all full of sh*t. You can make good money and have a really interesting time working for a PE of VC funded company, IF, you are in a management position and can contribute directly to their cost cutting, growth, and eventual flip/sell strategy. If you are just a worker-bee expect to be exploited for all you're worth. it will be miserable.

you are absolutely 100% right... I did know but it was my first foray into this world; that mistake wont be made again; fwiw any job i take from hear on out should in theory be easy

[DETRoadster]

Originally Posted by ASAP

you are absolutely 100% right... I did know but it was my first foray into this world; that mistake wont be made again; fwiw any job i take from hear on out should in theory be easy

Yeah, it's best to steer clear of those situations unless you are after the experience and not the paycheck. I learned the hard way when I joined a VC backed company that was "poised to sell" and took a lower salary in exchange for company stock that would cash out upon sale. Well guess what, 7 years later we found ourselves literally days away from running out of money and the company was sold on fire sale for pennies on the dollar. All employee held stock was liquidated as part of the sale and us worker bees got nothing. After that the "cost cutting" began and heads began to roll. I got out at that point.

[ASAP]

Originally Posted by DETRoadster

Yeah, it's best to steer clear of those situations unless you are after the experience and not the paycheck. I learned the hard way when I joined a VC backed company that was "poised to sell" and took a lower salary in exchange for company stock that would cash out upon sale. Well guess what, 7 years later we found ourselves literally days away from running out of money and the company was sold on fire sale for pennies on the dollar. All employee held stock was liquidated as part of the sale and us worker bees got nothing. After that the "cost cutting" began and heads began to roll. I got out at that point.

The thing is this started off really positively; the CFO at the time became real close to me; the moment the board realized they were losing money... things changed overnight. The CFO is now long gone and everyone left is a straight shark trying to exploit everyone to the max. The funniest part of this whole thing; the economy is booming and they could care less about employee turnover. Not only do I do my job but there is always an expectation for more and this lack of structure / management makes it that much more difficult. They are saying we should be lucky to have jobs after not giving raises... fuck em.

[DETRoadster]

Originally Posted by ASAP

The thing is this started off really positively; the CFO at the time became real close to me; the moment the board realized they were losing money... things changed overnight. The CFO is now long gone and everyone left is a straight shark trying to exploit everyone to the max. The funniest part of this whole thing; the economy is booming and they could care less about employee turnover. Not only do I do my job but there is always an expectation for more and this lack of structure / management makes it that much more difficult. They are saying we should be lucky to have jobs after not giving raises... fuck em.

Yeah, that's what happened to me at the place I mentioned. One of the best parts of the job was the world-class depth of executive management talent. The CEO, CFO, CTO, COO, VP engineering, VP of Sales, etc. All star players who were either fired or just quit when things turned bad. These guys went on to bigger careers at Apple, Tesla, and the like. They were replaced with total f'ing morons whose only motivation was their own pocketbooks at the expense of everyone and everything else.

[The Libertine]

Originally Posted by Grumpy Old Man

Get out, folks will hunker down because actually leaving is hard.

This. I would sooner take a cut in pay than to be part of a toxic work environment.

Don’t be complacent; move on. And until you do, find a way to keep your perspective. No job is worth the angst produced by a toxic work environment.

[WreckerX5d]

There isn't a point sticking around with that environment. My job made downward spiral in how they treat the employees and most of us are leaving.

[The Choosey begger]

Originally Posted by spetsnazos

Just leave and find another job. I leave at the first sign of stupidity.

Then you wont be able to keep a job, welcome to the real world!

[Maestro]

Originally Posted by ASAP

manufacturing but owned by private equity

There is your problem "Private Equity" they are only interest in pulling out any cash they can. There are PE firms who go around and buy up various businesses and hopes they can skim off profits when times are good then shut it down when times are bad. Right now its good to be in Manufacturing, lots of stuff coming back from Asia. Only time it could be good is when the original owners are kept around, but most times there are not. I Works with lots of manufacturers in the US and do not like the one where they are own by PE. I rather deal with owners who work in the business or a really larger company who knows what they are doing.

[MrGatsby]

Originally Posted by ASAP

manufacturing but owned by private equity

This is the issue. The private equity guys rarely care about their employees. It's a much more hands off approach, where bottom line dollars supersede any good will towards employees.

I work at a financial firm and we were owned by the founder for nearly two decades. We were treated very well with box seats to games, corporate lunches, etc. Very relaxed environment. We were bought out a few months ago by a subsidiary of a holding company (private equity), and things changed very fast for everyone under C level employees and their staff. It became a much more high pressure sales environment and the weaker of the bunch left, leaving a lot of work to the rest of us. Things are getting better now, as upper management is seeing the losses and slowly getting back to how things were.

Either be prepared to give it time, or get out now. But if you are not either upper management, or among the top earners on the sales side, you will have a very rough time under private equity.