Yeah that doesn't sound great at all. Must've been hard not to post all of this before, especially with people constantly asking. It seems like suddenly all kinds of issues at LTT boil over at once. They're going to need a change of direction and some well worded apologies in order to win back trust.
Personally I've started favouring boring big companies over cool flashy small companies to work for as well because of this kinda stuff. Having a very informal atmosphere definitely has it's plus sides when all goes well, but when you're in a (relatively) small company there's sometimes also a lack of professionalism all the way to the top. When you start running into problems you might very well run into the situation where nobody really takes your issues seriously, and because the company is small and everyone knows eachother well there's really noone to turn to. At least in big boring companies there seem to be protocols and a bit more distance between HR and the management.