The company was facing financial issues even before COVID-19, which have only been exacerbated; it's a home services marketplace and no one wants service providers in their home. It's not even venture-backed anymore. All VC funding has been spent and the company is back to being FFF funded (friends, family, and fools).
The CEO/CFO are personally bankrolling the company, which they aren't transparent about. Financial reports have disappeared from the monthly all-hands. The company is perpetually 'a few months' away from going under.
The engineering team has not been insulated from this uncertainty. People have been let go (including a founding member with 8+ years tenure). Raises have dried up and senior engineers are being replaced with fresh college grads.
Benefits have been slashed; if you live outside the midwest, Humana medical isn't wildly accepted. According to multiple pharmacists, it's the worst insurance they've ever dealt with. Dental/Vision are in a network no one's ever heard of. There's no 401k match.
You need to AGGRESSIVELY negotiate initial compensation. There is a 50%+ difference in compensation between the engineers who believe the line 'this is already more than we pay any other engineer' and those who don't. Once you've accepted a salary, it's locked-in beyond an annual 4-5k raise.
There is absolutely no autonomy. You will be assigned tasks and will be expected to complete them within an (honestly reasonable) timeframe, ad nauseam. This does not lead to any career opportunities.