Presidio completely lied about/obscured their financial status, Once they were forced to go public (IPO) due to mismanagement of funds ($2.1 billion debt for a company of 2,700 employees), the ax started to fall. Upper management would consistently assure employees that they would not be laid off, only to lay them off 3 months later.
As a result, it was everybody for themselves. Clients shied away from them, resulting in more layoffs.
Feel free to join Presidio if you don't care about job stability.
Compensation, good technical talent