After the 3rd round of "lay-offs" in 9 months - I write it that way intentionally because this round felt like they were cleaning house. There wasn't any rhyme or reason to their decisions on who should go and who should stay. The senior leadership team - especially the CEO during this round, lacked any humanity and seemed to be detached in an incredibly cold way.
The values of "We are human, We are real, We take ownership" seem to fall by the wayside when it suits.
I had always felt proud to work at Codility. When we closed Series B, I felt like things were on the up. However, the consistent poor decisions on how to spend money made many people fearful for the future. Quite rightly, it turned out. A prime example is when Sales started to decline in 2022, the Execs still flew here, there and everywhere for offsite meetings (on a nearly monthly basis, you had 5 or 6 people flying across the globe until March 2023). Not to mention hiring C-level Execs consistently who come in for a few months whereby they are seen to be the second coming and expected to solve all the problems in the company before they once more fall out of favour and the process is then rinsed and repeated again and again.
Another weird choice of spending, the Execs insisted on keeping an entire company offsite in the Dominican Republic. There were almost 200 people brought together (one month after the last round of lay-offs) under the guise of not wanting to lose the deposits that had already been spent - the cost-sunk fallacy seemed to escape the people with the checkbook. Their thoughts of "Let us spend $750k more to avoid losing $100k" seemed idiotic. This again became a clue of what was to come. Less than two months after the global offsite, another almost 40 people lost their jobs.
I think Codility's Board must ask themselves if the CEO is fit to take Codility to the next step. Profitability will not be achieved if spending continues as it has. Saying this round of layoffs will be the last is not reasonable or realistic.