Cytori Therapeutics

  www.cytori.com
  www.cytori.com

Cytori Therapeutics Reviews

Updated October 9, 2014
Updated October 9, 2014
10 Reviews
2.5
10 Reviews
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Cytori Therapeutics Vice Chairman, President, and CEO Christopher J. Calhoun
Christopher J. Calhoun
7 Ratings

Employee Reviews

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  1.  

    Perfect Team

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Research Associate I in San Diego, CA
    Former Employee - Research Associate I in San Diego, CA

    I worked at Cytori Therapeutics full-time (less than an year)

    Pros

    R&D Team is intimate and hardworking

    Cons

    Sometimes clinical samples don't come every day

    Recommends
    Positive Outlook
    Approves of CEO
  2. 1 person found this helpful  

    A great company gone bad.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous
    Former Employee - Anonymous

    I worked at Cytori Therapeutics

    Pros

    There were a lot of great people at Cytori when I started. It was a friendly team and I learned a lot.

    Cons

    Sadly, they fired the majority of the great people and focus had shifted. There were hardly any genuine people left when I left the company.

    Advice to ManagementAdvice

    Stop lying about layoffs. Reconsider keeping a VP of HR when your other VPs are being fired. It's a shame to see a great company go bad.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  3. 1 person found this helpful  

    Poor management from the top down

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Cytori Therapeutics full-time (more than an year)

    Pros

    The people are the only thing the company has going for it. Previously I would have said the company's morals and values were a pro the company had going for it but the new HR person they hired destroyed that. There are a lot of great hardworking people not getting any recognition for what they're doing.

    Cons

    The place runs on extremely poor management and favoritism. No room for growth, no direction given, no management, no resources. Everyone is running at full speed with no merit or recognition. Many long term employees are leaving. This should be a big red flag to management. This company needs a serious overhaul if it is to go anywhere.

    Advice to ManagementAdvice

    Have the managers actually manage.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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  5.  

    Good idea ruined by bad leadership

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in San Diego, CA
    Former Employee - Anonymous Employee in San Diego, CA

    I worked at Cytori Therapeutics full-time (more than 5 years)

    Pros

    Cytori has (sort of) commercialized a novel technique for using adipose derived stem cells for treating various groups of patients, along with tools for plastic surgery and cell/tissue cryogenic storage banks. Cytori has made a worldwide effort to commercialize its products. The overall purpose of the products is to improve patient treatment, which is in itself a nobel cause. If you are applying to be an engineering or scientific intern, you may find Cytori a good environment to learn about specific projects.

    Cons

    Many millions of dollars waisted on excessive executive compensation and strategic mistakes, blotting an otherwise good idea and putting the upper management true motives in question. Cytori has never turned a profit, which amounts to a lot of pressure on the workforce.

    A closer look at its public balance sheets and debt structure reveals the company has been on financial life support for a long time, contributing to frequent layoffs and low job security among employees. The products mostly do not fit the customer's target budgets or needs, and there are few reliable and well defined indications for use, which causes prospect customers to avoid the technology. If you are looking to work in sales and marketing, consider the overall market-product picture and the applicable regulatory environment before you commit.

    High lower-mid level employee turnover, not enough upper management turnover. Vague job descriptions at the higher levels contribute to instability at the lower levels of the organization. If you are considering an executive position, expect to deal with a lot of frustrated employees and a top management that is unwilling to change.

    Cytori has had a hard path to regulatory compliance and approvals (put as mildly as possible). If you are looking to work in clinical research or regulatory affairs, expect an uphill battle, and be cautious.

    If you are a scientist, engineer or MD, expect to see a lot of potential but very little willingness on behalf of management to listen.

    Overall, Cytori may provide an exciting and innovative work environment, depending on your position. Not a good place to develop your career in the mid-long term. As you ascend the organization's corporate ladder, the work relations turn more and more unsavory, but at the lower levels they can be good.

    Advice to ManagementAdvice

    My advise to upper management: Retire. Pay your new management half of what you are paying yourselves. Have the newly hired upper management focus on customers' real needs and their business model. Do unbiased research upon which to base indications for use for all products. Revert to being a startup. Focus on one segment of the market and do well with it. Too many unrelated products are weighing down on the company's ability to be a market leader and becoming profitable.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6.  

    Internship at Cytori taught me a great deal about the industry.

    • Comp & Benefits
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    Former Employee - Regulatory Intern in San Diego, CA
    Former Employee - Regulatory Intern in San Diego, CA

    I worked at Cytori Therapeutics as an intern (less than an year)

    Pros

    Highly innovative and forward thinking company. They offer a number of different products that utilize technologies rarely seen in the field today.

    Cons

    Very long approval process for medical devices because of the types of technologies used. Not all devices are FDA approved and therefore have a lot of overseas testing.

    Recommends
    Positive Outlook
    No opinion of CEO
  7.  

    A grateful journey and experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee in San Diego, CA
    Former Employee - Anonymous Employee in San Diego, CA

    I worked at Cytori Therapeutics

    Pros

    Cytori's Executives mission and vision by providing the lenght and quality of life to patients worldwide.

    Cons

    Lack of vision and interpersonal communication skills from some upper management leaders. An “incompetent” leader by definition is someone whose action destroys camaraderie, instill gossip, encourage dishonesty, and prevent people from speaking freely. “Incompetent” leaders tend to use their own weapons to get noticed and promoted.

    Advice to ManagementAdvice

    The lack of management interpersonal skills and communication may decide the fate of this Company.

    Recommends
    Approves of CEO
  8.  

    Inexperienced management team will prevent real growth

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee in San Diego, CA
    Current Employee - Anonymous Employee in San Diego, CA

    I have been working at Cytori Therapeutics

    Pros

    Casual, young, work environment.

    They have hired some very bright scientists and doctors. There is so much to do that you can expand your responsibilities across all departments.

    Cons

    The senior management team suffers from a classic case of "Founders Sydrome". They try to fill their internal gaps with young inexpensive, inexperienced interns or recent college grads. This creates layers of management so that when they do hire an employee with experience there are internal obstacles that must be overcome just to accomplish some of the basic tasks. The environment is highly political. There are people in positions that are connected to the President or CEO and not necessarily qualified for the job that they hold. This type of activity isn't sustainable. Eventually the executive team will be held accountable for their ability to perform versus their ability to raise money. They have done well as an R&D company but are failing to become commercially viable. It is a shame because their technology has potential. Cytori cannot afford to keep making the same management mistakes that they have been making. At some point the board will demand more of them and will want to see progress towards the return on their investment. The founders have been able to develop the technology and create a company. They will have to hire a senior executive from outside to take the company to the next level and effectively execute a "turn-around" strategy. The stock is currently trading at 1.96. The next 12-18 months will be sink or swim.

    Advice to ManagementAdvice

    Streamline your business. Remove those employees that offer little to no value. Invest in senior experienced marketing and sales professionals to lead the way towards real commercialization. Experience and expertise is more valuable than friendship when it comes to business performance. Value experience over cost. Don't hire an engineer and expect him to be able to perform a sales or marketing role. Hire people for their area of expertise. You may have to outsource some of your resources, but do it wisely.

    Doesn't Recommend
    Disapproves of CEO
  9.  

    Good Technology, Inexperienced Management Team

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee in San Diego, CA
    Current Employee - Anonymous Employee in San Diego, CA

    I have been working at Cytori Therapeutics

    Pros

    Company with innovative technology relating to adult adipose stem cell. One the leader in the cell therapy industry. A place where you will find medical device, biologic, medicine and cell therapy combine into one product. People are very friendly who truly care about patients and quality of product. You will learn and gain cross departmental function experience.

    Cons

    Very poorly managed company. CEOs, VPs, and directors are inexperience and have no clear pathway of company growth. Difficulty of gaining product entrance in tough regulatory environment due to technology. No leadership in both upper and mid-level management. Responsibility are passed along from department to department. Ramming speed philosophy burned employee out to the point of heart attack. Highly favoritism for "rich, prestige and connected" employee while hard working employee see no salary increase, bonus or potential growing opportunity. Hiring freeze in multiple department, shortage of human resource. Only young interns and "experienced" upper management remain. Average employee are under-train, and few trainings given. Employee who play the company politic well can become mid-level manager from intern in less than 3 years, or director from an intern in less than 7 years. 3 rounds of lay-off leave remaining employee bitter and jaded while upper management continue to double their own salary, extravagant travel and increase "cost of doing business" Salary are minimum 30-40% below market median

    Advice to ManagementAdvice

    Utilizing the right talent for right position and provide proper training to employee. Hour glass organization structure is the critical failure of this company. Don't talk the talk, walk the walk. CEO and President are kind people, but please reconsider re-staffing the entire upper management. Optimism and BS will not help the company to increase revenue, so is switching VP of marketing every couple month will not help either.

    Doesn't Recommend
    Approves of CEO
  10. 1 person found this helpful  

    Good technology led bad....

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee in San Diego, CA
    Current Employee - Anonymous Employee in San Diego, CA

    I have been working at Cytori Therapeutics

    Pros

    Cytori is a small company where you have the opportunity to experience a variety of responsibilities and learn almost anything you want to. There have been employees who have moved from basic research to engineering to business development with a 5 year time period. On a personal level, everyone is very friendly and has the best intentions. The technology has a lot of potential and has generated a lot of interest world-wide.

    Cons

    Executive level management does not care about employees' careers. Favoritism is very apparent in promotions and career advancement opportunities. Some interns were promoted to Management positions while engineers and scientists have had no promotions in a 5 year time period. Middle management are inexperienced in managing (people or projects). Executives are also inexperienced. R&D engineers are bright, but inexperienced (direct hires after graduation) - experienced engineers were let-go during the first round of lay-offs. There is no department to department cooperation. Even though the entire company was supposed to be focused on building one medical device, there is no company "we are a team" environment in the air. Departments criticize each other behind their backs and responsibilities are pushed around from department to department. The company is also very heavy in the Chiefs versus Indians. Due to the lack of workforce, quality is often sacrificed to accommodate the "ramming speed" mentality promoted by management.

    Advice to ManagementAdvice

    To boost morale, it would be helpful to see Senior Management take sacrifices along with the other employees. For the company size and revenue, the average executive salary is about 3-fold the average in San Diego. That is tough to swallow when there have already been 3 rounds of lay-offs.

    Doesn't Recommend
    Disapproves of CEO
  11. 1 person found this helpful  

    Good company, great technology

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee in San Diego, CA
    Current Employee - Anonymous Employee in San Diego, CA

    I have been working at Cytori Therapeutics

    Pros

    Small company with leading edge technology, very challenging work in Product Development . Being a very small company , less than 100 employees you are exposed to many differing aspects of a projects. It is not uncommon to work on many differing projects.

    Cons

    Layoffs every summer, very short on monies. Management feel that everything is done at ramming speed, it is easy to get burned out. There was no merit increases this year. Travel with the company, requires you to pay upfront for all travel expenses, then they reimburse you at a later time. International travel is first class for Director and above, all else go in the back of the plane.

    Advice to ManagementAdvice

    Need a better plan for taking the technology forward, management to trying to do too much with too little resources.

    Recommends
    No opinion of CEO

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