Navigating a Confusing Job Application Process with a Small Manufacturing Company

I recently went through a rather confusing and disorganized hiring process with a small manufacturing company. As a fresh graduate, I've been stuck in internships for about a year and have been applying to various positions. I applied for a role there and was invited for an interview with the General Manager and the department manager, which felt unusual to me, but I thought maybe they didn't have an HR department. Two weeks later, I was called back for a second interview, only to find out that the position I applied for had already been filled. The GM mentioned another opening in administration, but he was vague about what that role involved. Despite my confusion, I expressed my interest since I really need a job at this point. He promised to get back to me within a week, but after no response, I followed up and was invited to meet the team. When I arrived, I met the team from the department I originally applied to, and the manager had me read procedures for most of the day. At the end of the day, he asked me questions about what I learned and invited me back to discuss contracts and compensation. However, I noticed that the department I might be joining has essentially no one in it, which raises some concerns. What struck me as odd is that we still haven't discussed compensation despite my inquiries. To add to the confusion, a friend from my graduating class called me to say she was starting a probation period for the exact position I originally applied for. This was perplexing because I was told that position was filled, and I even met the person who supposedly got the job. Furthermore, my friend mentioned that several other graduates from my program are starting at the company, which seems like a lot for a small company. She also heard rumors that they might be struggling financially or even close to bankruptcy. Now I'm left wondering if I'm overthinking things or if there are legitimate red flags here. The entire process has felt exhausting and unclear.

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