Auction.com - Sinking ship | Glassdoor
  1. Helpful (10)

    "Sinking ship"

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    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
     
    Negative Outlook
    Disapproves of CEO

    I have been working at Auction.com

    Pros

    Nothing special. I’m from engineering team and can only talk about that. Pretty standard : 1/2/3 day lunches Stocked cafeteria Unlimited PTO

    Cons

    List is long but I’ll ty to summarize it: 1. No room for growth individually or for company. Auction was acquired by THL and is on downward spiral since then. Only hope is if company get re acquired by some bigger P.E. 2. If people always thought why P.Es are bad, this is the textbook example. Mass exodus, PE taking 100% profit, average raise of 2% when company profit is healthy. The margin of profit is really high. 3. Tech stack wise not much of going on except AWS to cut cost , repackage it and sell it. Actual tech stack which runs auction is a joke. Lots of manual process is needed to run the company and auctions. 4. Layers of executives and managers mostly good for nothing. I’ve not seen such small sized company having 2 CTO’s. 5. Team morale is all time down and people are jumping left and right. You don’t want to join where there is no culture or morale. 6. HR team is trying their best to understand and fix the culture but too late to do anything.

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    Advice to Management

    You have ruined it already. No advice can save it except try to sell it for more so employees can make some money.

    Auction.com2019-05-25
  1. Helpful (5)

    "Leading the way"

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    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Director 
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Auction.com full-time for more than 10 years

    Pros

    This company is moving in the right direction in every aspect even though that may be hard to see for some at times. The leadership is moving faster than most can keep up with and even faster than they can communicate at times but they're doing their best to share the vision. On this path, all involved will benefit from this in one way or another, it takes a special group to do what they've done and an even more driven group to press forward.

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    Cons

    You have to know why you joined the journey, if you lose sight or perspective, it could get frustrating.

    Advice to Management

    Keep pushing the ceiling up while continuing to recognize the grass roots, even if they don't always seem to share the mindset. This company wasn't built on the few negative folks but with the hundreds of driven and dedicated Team Members who have pushed the company to this point.

    Auction.com2019-04-17
  2. "Company Review"

    StarStarStarStarStar
    Former Employee - Contract Specialist 

    I worked at Auction.com part-time

    Pros

    Most of the people there were friendly

    Cons

    Management was unorganized, company did not reward or promote good work ethic

    Auction.com2020-01-15

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