I don't find anything in that deck even remotely toxic. I find it almost jaw-droppingly honest!
Q: What's our working definition for "toxicity", specifically in the workplace?
I'm not sure they're nearly as orthogonal as one might think. My experiences of toxic workplaces involved a great deal of dishonest behaviour and I'm struggling to recall much if any honesty.
The reason I believe they're showing a work environment that would be toxic to me, is that the line "> adequate performance gets a generous severance package" does not stand alone, it's only part of it, they're giving me the general vibe that I should be constantly scared of being the next one to go, that my best will only be good enough until they find someone better..
I don't mind competition, there's always competition, but for me personally, I don't want fierce competition and high pressure to be part of my daily life, not outside recreational activities where the stakes are "get fired for doing an adequate job". I like to do more than is expected, but if what is expected is by definition more than what is needed, well, then I would have to do more than more than what is needed, I don't even know what that is, and I'd not want to constantly think about it and wear myself down from trying to achieve it.
Do (m)any companies attempt to drive sales by describing a product as "adequate"?
If your child sits a school test and the teacher describes the result as "adequate" would you be content?
In the workplace why wouldn't one want to always aim to do "good" work (which is very definitely one step above "adequate"). That doesn't mean amazing, outstanding or exceptional. It also doesn't imply pressure.
Why would anyone approach a keyboard if they weren't attempt to do something good?
Put another way, who gets out of bed aiming to be adequate? It's not like it even sounds like an aim, it sounds like it happens when you're not paying attention.