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
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  1. 3 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. This is an exciting year for Magnet

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Palo Alto, CA
    Current Employee - Anonymous Employee in Palo Alto, CA

    I have been working at Magnet Systems

    Pros

    The people. This is a company of extremely talented people. It's a start up on steroids, meaning it has a start up feeling, with stability. I've read the reviews, but haven't seen any of that negativity. The folks here are focused and seem to enjoy what the do. The management team are very approachable, and like hearing feedback.

    Perks: There are weekly get togethers (sometimes games and prizes), the normal snacks, lunches, all the fun of a start up. The company seems to be heading in the right direction.

    Cons

    May want to consider more variety of snacks

    Advice to ManagementAdvice

    Keep doing what you are doing, and keep lines of communication open.

    Recommends
    Positive Outlook
    Approves of CEO
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