Ruthless management - Anonymous employee Parsable Employee Review

1.0
Feb 3, 2022
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Smart people, great product, huge possible market. Industry is waiting to use such a product to replace paper.

Cons

In April 2020 Parsable laid off 40 people although management had told in all-hands just shortly before that there was enough money for the rest of the year. Also that we were planning a new investment series and that investors were very eager to give us money. Not long before the layoffs a new CTO was hired who brought some engineers into Parsable with him. During layoffs many longtime employees were fired but not one of teh CTO's new people. Four months later Parsable announced a $60M investment round. Lots new jobs were opened with many for refilling the same positions that were fired in April. Now they have laid off 50 more last December just before Christmas and the team page on their website shows also four!! toplevel executives gone, including that CTO. This is not "normal ups and downs associated with startup life" or "usual growing pains". It is a startup trying to keep alive. Don't waste your talent here but look for a job elesewhere where leadership know what they are doing and treat the staff more morally.

Explore other reviews about Parsable

5.0
May 15, 2024
Recommend
CEO approval
Business Outlook

Pros

Great product with unrivaled UI in the connected worker space, and some of the best employees I’ve ever worked with. Great core team, very solid purpose and problem to solve.

Cons

Ever since the departure of a few key individuals, it seems like the company has been in a panic. Extremely fast paced, it is not uncommon to wake up to learn that you have colleagues that have been let go, and then a small core is holding it together.

1
4.0
May 22, 2026
Recommend
CEO approval
Business Outlook

Pros

Fair Pay Flexible work hours Generous PTO Great teamwork

Cons

Struggled with market fit Tried to be a product that met any expectation

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