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  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Former Employee - Product Marketing Manager in Waltham, MA (US)
Former Employee - Product Marketing Manager in Waltham, MA (US)

I worked at Planar Systems

Pros

Planar offers Great benefits. Work life balance is good. Very pleasant people and team. Individual business units vary a lot in terms of growth opportunities. There are some employees that have been there for a while and know the markets really well, but it is hard to retain talent if the company performs this bad.

Cons

Company is not doing good. The overall strategy the company has chosen seems to be headed in the wrong direction. All time low stock price, employee morale seems to affect productivity and confidence in a recovery is lost. Acquisition seems to have been done on the fly with limited due diligence on the segment. This has put a lot of burden on the current business units.

Individual business units vary a lot in terms of growth opportunities, but overall layoffs have demanded more work and less rewards.

With 17M in cash, and 12M market cap, if the company is not buying back shares, or going private, it shows the confidence they have in themselves and the market.

Advice to ManagementAdvice

Some good business units should be spun off, and some shut down. At 12M market cap now, planar should just buy themselves out and go private. There is no reason for this company to be public. They are spending more money auditing and maintaining staff to meet sarbanes oxley that they can cut. With 17M in cash, and 12M market cap, if the company is not buying back shares, or going private, it shows the confidence they have in themselves and the market.

Doesn't Recommend
Disapproves of CEO

13 Other Employee Reviews for Planar Systems (View Most Recent)

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  1.  

    Used to be a wonderful place to work unforunately now its a shell of its former self.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Systems in Portland, OR (US)
    Current Employee - Systems in Portland, OR (US)

    I have been working at Planar Systems

    Pros

    Used to be a wonderful place to work unforunately now its a shell of its former self.

    Cons

    worst management at al levels. Hire bottom of barrel instead of the TOP quartile as in the past. Everyone is just waiting for more layoffs.

    Advice to ManagementAdvice

    Fire non-performers. Look for results and be accountable. Get rid of the home threatre business unit. They have never made money and will ultimately bankrupt this company. Respect the Industrial business unit and recognize that they have been carrying this company for decades.

    Doesn't Recommend
    Disapproves of CEO
  2.  

    A leader to the race to the bottom

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee in Beaverton, OR (US)
    Former Employee - Anonymous Employee in Beaverton, OR (US)

    I worked at Planar Systems

    Pros

    Money, desperation - it's good enough if you have no other alternative

    Cons

    Layoffs, poor compensation - not the worst in town but you'll have entirely precarious employment and sub par compensation.

    Advice to ManagementAdvice

    Retain employees, cut your own salaries

    Doesn't Recommend
    No opinion of CEO
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