StoneRiver - Poor decision making leading to poor company results | Glassdoor
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There are newer employer reviews for StoneRiver

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Helpful (4)

"Poor decision making leading to poor company results"

StarStarStarStarStar
  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Anonymous Employee in Denver, CO
Former Employee - Anonymous Employee in Denver, CO
Doesn't Recommend

Pros

Very flexible in work location. Employees can work from the Denver area (Greenwood Village) office or from their home. Everything is done pretty virtually.

Pay is typically better than other employers. Benefits are about average.

Lots of folks with very long tenure (10+ years), so very deep in industry and business knowledge.

Management finally taking some steps to right the ship, though it may be too little too late!

Cons

Company has made poor business decisions regarding existing products, and products under development. The new product series has been in development for three years with no defined launch date yet! The actual lanuch date keeps getting pushed out.

The company stopped actively marketing and selling existing products about three years ago. They've essentially milked this client base dry with product enhancements and extending engagements. There's just not much milk left in the cow! and now the company is facing some serious cash-flow problems.

Existing products remain "buggy," so clients consistently complain about product quality.

Lots of people looking for new opportunities, meaning poor and decreasing morale.

Advice to Management

Focus on products that work. Don't overpromise and under-deliver.

Other Employee Reviews for StoneRiver

  1. Helpful (5)

    "Not Looking Good"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Employee in Oakland, CA
    Current Employee - Employee in Oakland, CA
    Doesn't Recommend
    Disapproves of CEO

    Pros

    The company has friendly people, a benefits package comparable to other companies, and a suite of products that would benefit our customers.

    Cons

    This company hasn't had a sale of it's flagship product in over a year. The "innovative" product that is supposed to replace it isn't ready to sell yet. The reduced revenue has caused the company to lay off employees more than once this year. Unless management turns this company around and makes some sales, the firm may be headed to bankruptcy court.

    Advice to Management

    Management says everything will be OK, but then they lay off more people and try to hide that there are layoffs and other problems. Keeping secrets from your employees is bad enough, but it is worse when something bad is happening with the company and management thinks the employees are not important enough to tell them the truth. The employees don't own any StoneRiver stock, but they are "stakeholders" too.


  2. Helpful (4)

    "Tiring and unrelenting demands"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Director in Denver, CO
    Current Employee - Director in Denver, CO
    Doesn't Recommend
    Disapproves of CEO

    Pros

    People, people, people. Can be very collaborative with very helpful people. Many quality resources have left, so work is getting more difficult to accomplish without heroic efforts.

    Cons

    No career advancement, no raises, no ownership of decision making process at most levels. Trying to do what is right for the customer doesn't result in much for the individual, so no incentive.

    Advice to Management

    It would be better if sr leadership was empowered and trusted to do what the believe is right. Currenty GS must approve all decisions.

There are newer employer reviews for StoneRiver
There are newer employer reviews for StoneRiver

See Most Recent

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