The CEO has no idea what he is doing. There is no direction of the company. There is no direction of product. Employees are given an ultimatum "Create a product that makes us money or we are closing down". Two founders have no idea how to run a company with people in it . They went from 60 people in one day to 25. People were let go over email. They ensure that they are listening and acting accordingly to people concerns, which is absolute BS. Even if you are hired as a specialist in your area do not worry, you will be told that you are wrong since the two founders know everything from product management, through marketing to software development.
People are "promoted" to position they should never be. Company structure changes every few weeks (This depends on what is hottest new company structure).
Constant promises of bonuses, raises etc never actually happened.