What are some signs that my company is struggling financially? - Comparably | Comparably

What are some signs that my company is struggling financially?

Office Culture

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14 Answers

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    Hour cuts, stopping praise/team building activities

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    Lack of long term vision, never completing a plan, changing direction without seeing a vision through.

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    Boss comes right out and says it. No raises, bonuses. You can see that corners are being cut. You are asked to turn off lights during the day or not run the A/C in summer or heat in winter. People get laid off or asked to work less hours.

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    layoffs, cut back on expenses

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    Waiting past pay day to pay you.

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    Getting stingy with overtime. Cutting back on normal expenses like office supplies and travel perks. Inventory of things they didn't bother with before. Re-interviewing for your position or lots of re-organization that lays off people.

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    Travel restriction. Project cutbacks. Erratic leadership debriefings that unreasonably demanding top line revenue increases by an aggressive date. Lack of transparency when communicating realities up the chain of command. Reduction in workforce.

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    when there are no longer team activities, lack of getting paid.

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    Your balance sheet ends in negative and you have to allocate resources to comply with obligations.

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    Cutting back on benefits

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    Change of hours, tripling of health premiums, dishonest leadership.

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    Offers of "voluntary buyouts" and layoffs are obviously a clear sign of financial struggle. Other code words of which to be wary include: transformation, restructuring, efficiency, targeted, realignment, optimization, synergies, redundant, offshoring, outsourcing, involuntary separation, and reallocation of resources.

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    Slow paying expense reports Missing payroll Slow paying vendors

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    Inability to place a PO. Cancellation of perks and benefits