The first nail in the coffin was when the company sold its soul for a certain large client. Those in charge allowed the contract to put the company over a barrel with a hostile partner and then had to bend to their every whim.
The second nail in the coffin was the sale to Thoma Bravo. Mr Bottin got super rich and left town. Company culture was then thrown out the window.
The final nail is the one that's been being hammered in for the last two years. Mass exodus of veteran talent because we just couldn't take it any more. We didn't mind working hard for people that were also invested in succeeding. The new management doesn't know what the company does, they haven't bothered to get to know the teams they're over, and they think they have all of the answers because they read a "Trends in the Fitness Industry" pamphlet.
I know of multiple managers that were hired and have never bothered to try to win their teams. The best way to understand what your team does is to spend a little bit of time with each, learning what each of them does, listening to what's good and what's bad, and then working with the team to try to make things better.
Nobody that Thoma Bravo has brought in is concerned with what the company does. They only care about what the company is going to do in the future with new technology projects. Except those projects constantly get shelved because they've made bad decisions regarding staffing, priorities, and just generally not understanding anything.
I didn't want to leave. I had a lot of loyalty to the company after several years. But I could no longer abide the clown show the company had become.