Velti - Could be better, look elsewhere | Glassdoor
There are newer employer reviews for Velti
There are newer employer reviews for Velti

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Helpful (3)

"Could be better, look elsewhere"

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

Pros

Location, location, location--close to BART in Financial District. Rapidly growing, up and coming industry. Talented individuals in the lower levels.

Cons

Lack of set company culture. Internal communication needs improvement--employees don't know what is going on. Lack of job security--there have been several mass layoffs this year, never know if your job is going to get cut. Seems the bottom line is valued more than employees' well-being. Compared to Silicon Valley companies in the same industry, perks are poor, way below par for some.

Advice to Management

Dissatisfied employees isn't going to help your company grow. Employees need to know what is going on and the direction of the company.

Other Employee Reviews for Velti

  1. Helpful (2)

    "Exciting ride, typical tech company growing pains"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Director in New York, NY
    Current Employee - Director in New York, NY
    Recommends
    Approves of CEO

    Pros

    Fast growing company in exciting space
    Customers acknowledge Velti as the best in the business--respect and trust
    Lots of smart people who seem to genuinely like each other and try very hard
    Despite some of the surprisingly negative comments on glassdoor, our office at least is pretty free of politics
    Good opportunities for advancement
    Very low turnover rate from acquisitions. Two in past year and it seems almost everybody has stayed
    Unlike other small mobile companies, this one seems on track to outgrow any short term issues and become a big player

    Cons

    Typical pressures of company on fast growth trajectory: never enough time, people, etc.
    Management systems are still being developed. People who struggle with unbounded problems or need frequent reassurance have a real problem here and should probably apply at HP or Microsoft instead
    Weak HR department means employees feel they don't have a voice with senior management and execs have poor visibility into what's happening in the trenches

    Advice to Management

    You will always have critics and some people are never happy. Probably 85% of the company's employees are excited and engaged. Don't get hung up on the few who are pissed off. Do what you know is right for the good of the comapny while treating people fairly and everything will be fine.


  2. Helpful (6)

    "Velti will probably fail"

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

    Pros

    Location, location, location! Right in downtown San Francisco. Great transportation, great bars and restaurants.

    Cons

    - No planning. There is no annual business plan, which makes it impossible to come up with a departmental plan, yet you are expected to.
    - Worst senior management ever: no communication, no transparency, no fairness.
    - Sales expected to sell product that doesn't exist, Delivery expected to implement product that doesn't exist. Product implementation of what does exist is sloppy.
    - Very bad cross-cultural relationship with HQ in Greece.
    - Performance reviews late, no annual pay increases, stock options not delivered, bills paid late.
    - Seemingly random layoffs of large swathes across the company--two in the last year.
    - Very unhappy employees make for a toxic atmosphere. Even if you are doing work that somewhat satisfies you, it is impossible to be happy at Velti.

    Advice to Management

    Velti needs professional CEO and C-level suite, preferably seasoned people from Silicon Valley. This is a company that has potential to move forward, but not at the state it is in.

There are newer employer reviews for Velti
There are newer employer reviews for Velti

See Most Recent

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