Iron Mountain Inc Employee Review

Current Employee – been working at Iron Mountain Inc full-time for more than 3 years

Pros – Iron Mountain is a mediocre company to work for. There are a lot of good people that work there and a few really good managers. The cafeteria is really nice. The building has both heating and air conditioning.

Cons – The pay is low and opportunity for promotion has been stunted. It seems that ever since the hedge fund Elliot Management completed their hostile takeover of the company, career development at the company has been crippled. Most recently, the hedge fund began forcing us to become a REIT. The company will no longer focus on investing in the company and the career development of its employees. Thanks to the hedge fund, we will now be funneling our profits to Elliot Management and a few shareholders, instead of focusing on our business of recordkeeping and data protection.

Advice to Senior Management – Some of the new managers that you have been hiring, especially in the Collegeville office, create a culture of fear. This is in stark contrast to the legacy managers that have been around for more than a year or two. The new manager/supervisors are hostile to speak with, resistant to discussion, mean, and generally less educated. Some longer term employees that previously loved Iron Mountain are thinking that it may be time to move on, since there is now no hope of career advancement. Newer employees are afraid to speak up; fearful of being thrown back into the recessionary ocean of unemployment.

Overall, my advice is this: The upper management needs to get the hedge fund monkey off of its back. Upper management needs to focus on investment in the business and career development. Upper management needs to pay their employees better. The REIT environment will hollow this company out. Upper management needs to pay attention to the mid-level and lower-level managers that they have begun hiring; there are some disastrous personality ego trips brewing. Older managers need to brace themselves as these newer uneducated managers try to disrupt a well-working business model.

Yes, I would recommend this company to a friend