When a company is sucking is something I'm a pro at detecting. I've worked for countless startups and as with most startups, most went under. The thing is, even if you're a manager, the owner or CEO will not believe you or he's sucking the company dry before it goes KABOOM.

I do have one piece of advice. If they are going under and laying people off, ask if they have a severance package (in larger companies). You may be better off looking for another job AND staying there a little longer for the severance package. You can also get references and leave on good terms as you watch your team being sacked.