Company on precarious financial ground - Recensione dipendente - Senior Systems Engineer presso KORE

They have been going thru rounds of layoffs since 2024. Management thinks problem is the labor cost when its actually the debt it incurred during its acquisition spree after COVID. Liabilities make over 93% of its total assets, parking it as Goodwill on their balance sheet. So what does it mean for you if you work for KORE or join it? Expect continued rounds of layoffs. Expect no pay raises. Expect to pick up work of your former coworkers who were let go. They will pay you 40~50% below (down)market rate. If you do not have a job and are offered a position, take it but know that this is not a stable workplace & that you're reporting to a fearful clueless mid-management.