Where are all the good leadership from Upstox?

2 Engineering Director's and a Marketing Director left in last 2 months. CTO, CGO, CHRO have put down papers and are leaving soon. A Sr. Engg Director has also resigned. A couple of SDE's joined and are leaving within the month of joining and more older SDE's leaving too. These are voluntary exits despite the current layoff and downtrend.

Cleared all the rounds and even sent the HR the documents they asked for. They also said I would have to relocate to Mumbai. However it's been more than a week and they haven't rolled out an offer letter. HR said that since they invested so heavily in IPL, they are trying to reassess their budget for this quarter, that's why it's taking so long. Should I be worried? I have a feeling that I even if I get an offer they might try to lowball me/lay off later.

Any idea on how the company is doing and its culture? Previous posts are quite old but give mixed signals and hence a new post

Can someone provide context about culture at Upstox in product in particular? Also they are hiring for a few roles since months and they are still open. How is the team/biz?

Is it a choice or a force? I somewhere heard PocketFM leadership was forced to exit. Is this accurate? I am curious, why so many leadership exit in start ups(Upstox, Swiggy, Zomato, PocketFm etc). Good leaders are made to exit and bad to worse leaders are continuing eg: Cars24, TimelyAi, Dukaan, Apana, Slice etc