Jun 23, 2016
Magnetic Response
9yTo the reader of the above review for clarification and context: Last week Magnetic let go 22 people out of 280. Included in this were three people in our People Operations (HR) department (not the whole team). In addition to People Operations we reorganized a few other departments including centralized accounting in Ann Arbor and leveraging our ad operations expertise in Chicago. These actions were taken to ensure we keep a flat structure, are profitable and in control of our own destiny. We are still investing in product, technology and sales which is why we are still hiring in these departments despite reductions elsewhere. Sandeep (our COO) and I held a Town Hall where we answered all questions. We then visited all our offices in order to answer more specific questions in smaller forums. These decisions are never easy or taken lightly and sometimes they cause offense as is clearly the case here. And of course no one is ever perfect.
To the author of the above review: I'm sorry you are upset and frustrated by our decisions. Should you wish to meet with me or any member of the team to discuss how to make your life at Magnetic better or more understandable, or if you have product or strategy advice, we are still a small enough company that we can make that happen.