Honestly, isn't this the scene in any loss making startup? If the expectation is a chill workplace that pays lesser, there's Infosys, Wipro, TCS, etc. Ultimately, investor and performance pressures will drill down to the last layer at some point.
Only good managers know how to not pass it on. Also, managers today with 3 years of experience can be equated to managers with 6 years of experience from a decade back. Hence, quality of people managers has also tremendously dropped.
Hard truth but reality in today's funding environment.