ON24

How it happened

ON24 sells software for webinars, virtual events and digital engagement, and was a pandemic-era winner as conferences moved online, going public in February 2021 at a market value around $2.2B. When in-person events returned and tech giants bundled rival video tools, demand eroded, growth stalled and the stock fell about 89%, leaving ON24 worth only a few hundred million dollars. Employee reviews traced the comedown from inside: quotas still calibrated to Covid-era growth long after the boom faded, layoff rounds arriving so regularly for roughly two years that staff joked they could predict the next one, and raises frozen for years while thinned teams absorbed the departed workers' load.

Employee accounts paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗. See our methodology.