Magnet Systems

  www.magnet.com
  www.magnet.com
There are newer employer reviews for Magnet Systems

 

Ambitious company

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

I worked at Magnet Systems

Pros

The broad vision is right on the money

Cons

However how to get there is a struggle

Advice to ManagementAdvice

Be honest on the competitive landscape

Recommends
Neutral Outlook

12 Other Employee Reviews for Magnet Systems (View Most Recent)

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  1. 2 people found this helpful  

    Sinking ship, 60% turnover rate

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

    I worked at Magnet Systems full-time

    Pros

    The Palo Alto location on University is nice. Lots of restaurants walking distance.

    Cons

    Comp in business since 2008; no viable product or sales. Morale is low, extremely high turnover rate. 5 heads of engineering in 6 years; latest one left disgruntled after 3 months without notice. CEO is forced to run eng dept now himself. CEO complains that workers are not in office after 5pm, oblivous that many work at home at night. Cannot relate to personnel, no people skills. HR is a joke.New employees are lured with promise CEO will repeat previous success (sold comp for 8 bil) but soon realize he is a one trick pony and leave. Or get fired. CEO/PM have no product vision other than "mobile first". No concrete product requirements.

    Advice to ManagementAdvice

    CEO step back, hire competent staff to run company. Clean house at top. Don't talk about previous company when there were more sales order than fax machines - you have no sales now. Stop saying "It's lonely at the top." Humble yourself.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2.  

    Reality Bites

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

    I have been working at Magnet Systems full-time (more than an year)

    Pros

    You would be justified to heed caution after reading all the negative reviews below. It's possible that the people writing them believed they were wronged. However, it's also possible that the people who wrote those reviews have an axe to grind. Let me explain.

    All startups go through growing pains where they have to adjust their strategy, product mix, and people along the way in order to adjust with the changing market conditions and find that magical formula that strikes gold. If the company doesn't adapt, it dies. Magnet is no different. Over its history, it has gone through a few such changes. Technical and management leaders were hired to help guide the company forward. These managers had the freedom to hire staff with the necessary skills to meet the company vision.

    As it has been the case, some of those managers have moved on because they were unable to effectively execute towards that vision. However, left in their absence were some employees who held allegiance to those individuals rather than the company. Many such individuals were lured to the "glamor" of a startup with glitter in their eyes of making a quick buck towards retirement. High power CEO, marquis investors, lots of money, hot market... where's the risk!!!

    But of course, when you leave a stable job at a large company with entitlements and clarity of vision, only to find out that life in a startup is no bed of roses... it's a grind and there's lots of risk... it scares the hell out of some people.

    There's ambiguity all around and the company has to make bets. Of course, when some of those bets don't pay off, then some people are quick to blame the management... CEO sucks... no product... HR is a joke... so on and so on. Rather than asking questions and proposing solutions, they complain among themselves and write negative reviews on Glassdoor.

    In a startup, every person is responsible for making the company they want it to be. It doesn't happen magically or by decree. I personally know of the dedication and countless waking hours that many people put into the company... all across the board from the CEO, to HR, many engineers, product managers, program managers, etc. by doing a lot of things behind the scenes that the average employee doesn't even see. These people don't toot their horns and advertise all the things they do... but rather take it upon themselves and extend beyond their official job duties to do what's right for the company.

    Don't get jaded by the loud and cynical views of the few, only to lose sight of the quiet dedication of the many.

    Cons

    A startup is not for the faint-hearted and for someone looking for the easy road to retirement. The target market that Magnet is attacking is huge.

    Advice to ManagementAdvice

    Advice to everyone... not just management:

    Be open, honest, and constructive. Don't be cynical. Start a dialog and don't be afraid to listen to what the other person has to say.

    Recommends
    Positive Outlook
    Approves of CEO

    Magnet Systems Response

    Dec 7, 2014Head of Human Resoures

    As with most startups there is a period of learning curve as the corporate strategy and direction are defined. Understanding the market and focus takes time and research to develop.
    Magnet has
    ... More

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