Pros
Willing to acquire a company being spun off by WeWork.
Cons
tldr - Patronizing, stifling executive team, totally out of touch with both the culture and the benefits of a modern tech company. After the tumultuous ride with WeWork, we at Teem were being sold, and had a tough decision to make: find a new position and bail immediately, or stay on and take a risk with a new owner. If you are familiar with the WeWork story, you'd think the decision was easy, and it should have been. Leaving should be a no-brainer. There was a problem though - Teem had spent years building a culture of transparency and togetherness. We loved our teammates. We talked openly when things were going wrong, and we celebrated when things were great. The picture wasn't always pretty, but the employees always knew the score. We cared. We cared a lot. We didn't want to see the thing we had built languish and die, so nearly all of us stayed. While iOffice was negotiating with Teem, all employees were told that their compensation and benefits would remain equivalent, and that our new purchaser was ready to take the company and keep growing it. That's all we needed to hear, and so we waited. The day of the acquisition we were told that yes, salaries would remain the same, but PTO and benefits were significantly reduced. We would now have less than half of the paid time off, and benefits would cost hundreds of dollars more each month. Maternity leave? State minimum. Paternity leave? Nope! When pressed that this was not equivalent at all, we were told that we had been enjoying benefits at the "Private Jet Level" and would now have to settle for just first class. This was the first clue that the executive team was seriously out of touch. The benefits we had with WeWork were on par with the previous two companies I had been with. The next workday, there were questions in the all-company slack channel about things like: What holidays were paid? and What was maternity/paternity leave policy? Surprisingly, instead of answering the questions, we were all told to not ask about or discuss these HR related questions for "privacy, legal, and compliance reasons". These questions were to be sent in a private email directly to HR only. For a company-wide policy in a company-wide channel? Wow. In the following days in an all-hands meeting, employees were cautioned that salary and bonus information is confidential and shouldn't be discussed. After a question on whether it was illegal to take this stance, the policy was clarified the next day. It was not forbidden to talk about your salary, but it was very harmful to do so and was very strongly discouraged. Wow. The executive culture is very much a patronizing, out of touch, we-know-better-than-you kind of culture. There is open hostility to discussion about the most important things. If you value transparency, appreciation, industry standard compensation or forward thinking leadership, I would look elsewhere.