High Turnover, Weak Product Strategy, Defensive Culture, Despite Strong Core Product and Technical Reputation - Adminstration Officer LeoLabs Employee Review

2.0
16 Aug 2024
Recommend
CEO approval
Business outlook

Pros

- A solid core product/service - Respectable technical reputation - Decent commercial adoption - Much of the cons are offset by the technical team, which leadership has foolishly slashed

Cons

The overall company has the feel of being a government/academic research division with a small commercial team, rather than an independent business or a scaling startup. Organizational Culture and Collaboration: The company's business team culture resembles that of a defense contractor rather than a startup. There is minimal cross-team collaboration in business roles, with non-Eng employees exhibiting a strong territorial mindset due to job insecurity and fear of layoffs. This environment has led to individuals prioritizing the protection of their functional areas over collaborative efforts, with projects that involve multiple business teams, like new category initiatives, mostly falling flat — "junior executive" type positions (read: any middle management) — are politically risky and potentially lead to a quick dismissal. Employee Turnover: Employee turnover rates are alarmingly high, with many new hires exiting within 12 months. Of those who leave, about half voluntarily depart within the first three months, others face involuntary layoff throughout their tenure. This instability underscores significant issues with employee satisfaction and retention, and an inability for senior management to manage roles and responsibilities. The adverse selection harms the company's ability to execute and the executives' ability to manage results. Layoffs and Employee Loyalty: The company has conducted multiple rounds of reactionary, market-driven layoffs. Several positions have been reinstated within 6 to 18 months, indicating a lack of long-term planning or commitment to employees. This pattern reflects poorly on the company's loyalty and stability. Revenue Growth: The company has struggled with stagnant revenue growth, and attributing growth to seasonality rather than addressing underlying strategic shortcomings. High customer concentration. Product Strategy: The company's product strategy had been centered on increasing radar production for several years. This approach had proven costly and ineffective in generating new revenue streams. The current strategy of "waiting for the LEO category to grow" is perceived as weak and lacks proactive development. Overly simplistic approaches that lack a nuanced perspective on the category. These are technical leaders, but unfortunately not visionaries.

Explore other reviews about LeoLabs

5.0
25 Jul 2024
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Good pay. No forced meetings or in-office work. Platform has REAL unique data that is available for customers. Not a company of smoke and mirrors.

Cons

Revenue is everything. Long term goals will be tossed out for short term revenue goals.

1
2.0
4 Jan 2025
Recommend
CEO approval
Business outlook

Pros

Benefits are good, A lot of parking spaces (2 for electric vehicles at the time of writing), Colleagues (Not management) in each department is what makes the job fun, Catered lunches and snacks throughout the week.

Cons

Some engineers love to procrastinate projects to the very end making it extremely difficult and stressful to meet the deadlines. The senior purchaser made work difficult as well because of the workload they had but ultimately it was their fault for stating they could handle it but blamed everyone else for there mistake, Not enough warehouse, office, parking space for all the discontinued or unused materials.

3
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