Magnetic Reviews | Glassdoor

Magnetic Reviews

92 reviews

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3.1
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Corey Ferengul
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Employee Reviews

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Pros
  • "Smart people, Unlimited Vacation policy(really unlimited), good work-life balance, Constant adoption of new technologies" (in 8 reviews)

  • "We also had unlimited vacation days" (in 12 reviews)

Cons
  • "Upper management seems to not know what the identity of this company is now, and unsure where it should be going" (in 4 reviews)

  • "Some of the middle management at the time seemed that they never even bothered to research the competition" (in 3 reviews)

More Pros and Cons

  1. "New Magnetic, and it's great"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY
    Recommends
    Positive Outlook

    I have been working at Magnetic full-time (More than 3 years)

    Pros

    - "New Magnetic" is inspiring
    - Recent changes spurred impressive growth and progress
    - Amazing products, cutting-edge
    - Management promotes independence and flexibility; employees make their own schedules, work remote/from home as needed
    - Very collaborative, everyone wants success for each other and the company

    Cons

    Rough patches over the past few years drained morale, but it's quickly changing - on the up and up, fast

    Advice to Management

    Keep it up, it's working


  2. Helpful (2)

    "We had a good run"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Manager in New York, NY
    Former Employee - Manager in New York, NY
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Magnetic full-time (More than 3 years)

    Pros

    Unlimited PTO, great coworkers, fun and educational work environment, very nice office managers

    Cons

    Poor management, product was slow to develop and lagged the industry, very bad acquisitions

    Advice to Management

    Too late now

  3. Helpful (3)

    "Toxic"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Producer in New York, NY
    Former Employee - Senior Producer in New York, NY
    Doesn't Recommend
    Negative Outlook

    I worked at Magnetic full-time (Less than a year)

    Pros

    If you are a tower of steel and can handle the hostile work environment, you will get to work with great clients.

    Cons

    Company leads through negative reinforcement. The single most unpleasant work environment I have ever encountered. 40 years of experience in B2B and B2C experience. And this was soul deadening.

    Advice to Management

    Treat employees like they are respected and valued.


  4. Helpful (1)

    "It used to be the best place and then become shrinking ship"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Engineer in New York, NY
    Former Employee - Engineer in New York, NY
    Recommends
    Negative Outlook
    Approves of CEO

    I worked at Magnetic full-time (Less than a year)

    Pros

    - Unlimited Vacation.
    - Good people and co-worker
    - Good snack and nice office

    Cons

    - Salary not great
    - The direction changed on 2016 causing big problem to entire company


  5. Helpful (2)

    "Like the Titanic except women and children don't go first...."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Sales in Ann Arbor, MI
    Former Employee - Sales in Ann Arbor, MI
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Magnetic full-time (More than a year)

    Pros

    Great tools provided to make the workday efficient

    Cons

    I could go on, but it came down to micro-management and being underpaid despite my ability to be a top seller. No rewards or compensations.


  6. "Used to be great"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I have been working at Magnetic full-time

    Pros

    Lots of smart people here!

    Cons

    Smart people can be complete jerks, and for no reason at all.


  7. Helpful (5)

    "Bumpy ride"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Magnetic full-time

    Pros

    - great culture in Ann Arbor office (though I'm referring more to 2015-2016 when company was above 70+ people, before multiple layoffs)
    - driven, talented coworkers for the most part

    Cons

    Too many to list specifically. In general this company has been sorely mismanaged and decisions are consistently short sighted. C-level doesn't care much about anything besides their paycheck, and we had to perform layoff after layoff just to course correct. Product vision is weak, ever-changing, and murky. Sadly for those still remaining I don't see this turning upwards at any point. Some of the new C-suite are downright heartless and will mismanage all the remaining talent right out the door.

    Advice to Management

    Not sure any advice can help at this point. They don't read or care about these reviews anyways, I'm mainly posting this for anyone considering joining the company - DON'T!

  8. Helpful (4)

    "Path ahead looking dimmer all the time"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Software Engineer in Ann Arbor, MI
    Former Employee - Software Engineer in Ann Arbor, MI
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Magnetic full-time (More than 5 years)

    Pros

    - Once a great place with great people, maybe some are still there?
    - Office locations are pretty great
    - Modern technology stack for some products
    - Great place to work if you enjoy gallows humor

    Cons

    - Just about all the great people actually have been laid off by now
    - Poor decisions were made, money and time were squandered, now all that's left to do is wait for the end
    - Ancient technology stack for some products

    Advice to Management

    Use all remaining funds to do the following in order:
    1. Pay off bank debts
    2. Split remaining money amongst all employees that have been with the company since 2015.


  9. Helpful (3)

    "Poor judgement is catching up, hopefully not too late."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Magnetic full-time (More than 5 years)

    Pros

    IMO, there are 5-10 people left in this company that are good at what they do.

    CEO & CRO have accepted new opportunities with unemployment this week.

    Cons

    IMO, there are 5-10 people left in this company that are good at what they do.

    Lots of bad things happening here. Product, Financials, Integrity...big improvement opportunities are available in those areas.

    Advice to Management

    Read through the last 2 years of board decks put together by the CEO & CRO and do the exact opposite of what is on those slides. That will be a good start in the right direction.


  10. Helpful (1)

    "Good learning experience but happy I left"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Magnetic full-time

    Pros

    Schedule Flexibility/WFH
    Work/Life Balance
    Fast-paced environment
    Great team-members/coworkers

    Cons

    Lack of company vision from upper management
    Difficult to get promoted
    Numerous layoffs
    Uncertainty of company future
    Poor acquisition/merger decisions
    Bad communication across offices

    Advice to Management

    Invest more in your employees and encourage more growth/promotions from within.