I agree, I am very happy for the chance I have been given with the company!
As long as company stable, and of course having accepted the TC's in the start is fine, only comment of stability vs trend with such news.
I also know of many guys who are currently being recruited, so find that a little odd with request of days off vs more guys coming into the company!
Off course accepting these conditions, you would expect that you did not need to expect 2 weeks unpaid holiday, besides that I can see both the pros and cons as you mention Narrow Runway!