There are newer employer reviews for Magnet Systems
There are newer employer reviews for Magnet Systems

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Ambitious company

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

I worked at Magnet Systems

Recommends
Neutral Outlook
Recommends
Neutral Outlook

Pros

The broad vision is right on the money

Cons

However how to get there is a struggle

Advice to Management

Be honest on the competitive landscape

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  1. Helpful (6)

    Sinking ship, 60% turnover rate

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

    I worked at Magnet Systems full-time

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    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 Management

    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.


  2. Helpful (1)

    Hard Work Pays Off

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

    I have been working at Magnet Systems

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    CEO really cares about his product, management is supportive and knowledgeable, great location in downtown Palo Alto, snacks and drinks provided in kitchen, catering for lunch every other week, social events, amazing benefits, etc. Employees are extremely talented-work working individuals that are easy to work with.

    Cons

    In need of updated office space.

    Magnet Systems Response

    Jun 16, 2015 – VP Human Resoures

    Thank you for taking the time to share your perspective on Magnet; we have built something really exciting and it is the collective focus and our culture that will drive our success.


There are newer employer reviews for Magnet Systems
There are newer employer reviews for Magnet Systems

See Most Recent

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