Formulatrix Reviews

3.8

80% would recommend to a friend

(146 total reviews)

Jeremy Stevenson

85% approve of CEO

70% positive business outlook

Formulatrix has an employee rating of 3.8 out of 5 stars, based on 146 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Formulatrix employee rating is in line with the average (within 1 standard deviation) for employers within the Pharmaceutical and biotechnology industry (3.5 stars).

Reviews by job title

146 reviews
1.0
16 Jan 2016
Recommend
CEO approval
Business outlook

Pros

Good technology development Focused on the customer and product Lot of innovation

Cons

Founders want you to work extra hard but with their phantom (fake) stock options they really don't want to share anything or any up side Very micromanaged and tightly controlled by the husband and wife who are very mean

avatar
Formulatrix Response
7y
Thank you for your feedback. Part of our culture here at FORMULATRIX is this drive to collectively work hard and then share in our success as a company through our the profit share program. Due to the hard work and dedication of all our employees, one of our product lines was recently sold for $260M. The entire amount of the sale will be paid out as profit sharing to our employees. With the continued hard work from our employees, we hope to foster future sales and large sum payouts to our employees.
1.0
28 Aug 2018

Work Life Imbalance

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

- Opportunity for growth is above average.

Cons

-50 hours a week. -Very sub-par 401k policy. Vesting policy punishes employees who do not stay for many years. -No sick days. You are expected to work 50 hours a week regardless. "Just use PTO" or "Come in on Saturday" -It is clear that management values money over all else. No shortcut is too small to save a penny. See previous 3 bullets regarding employees. Extends to engineering designs as well. -Large portion of the company is in Indonesia. Alone this is not a con, however this translates to regular meetings outside of typical work hours. -Everything is micromanaged. Absolutely no decisions are made without first being approved by the CEO. -Very high rate of employee turnover. -While yes you can grow, you are expected to do so without any guidance. Sink or swim mentality.

avatar
Formulatrix Response
7y
Thank you for your feedback. The 50 hour work week is part of our company culture as we value hard work and dedication from all our employees. This drive as a company has led to the sale of one of our product lines for $260M. All of the funds from that sale will be paid out in profit sharing to our employees. With continued success (fueled by the dedication of our employees), we could see similar employee payouts in the future.
3.0
1 Feb 2022
Recommend
CEO approval
Business outlook

Pros

I wish I had the option to give 3.5 stars instead of 3. The work itself, the people you work with, and the majority of my day to day activities are worthy of a 5 star review. + As an engineer or manager at Formulatrix, you're given a lot of freedom and trust to go about your work as you see fit. + The type of work I did was very engaging. + Nobody will scold you for "failing", but rather failures are seen as an opportunity to learn and grow. + Worked with great groups of people. + Everyone is willing to stop what they're doing to help you with a problem or to teach you something. + There's a lot of flexibility. + I personally really enjoyed working with the Indonesian teams and being able to visit Indonesia, but I'm not sure what that's like now with covid. + I felt like I had sufficient compensation. + Never had any job security concerns. Formulatrix is very financially stable.

Cons

- The way Formulatrix is structured, it favors the company over the employees. - The CEO is a business man and everything is more or less approved by him. He treats employees like a business asset and not as people. He's not a malicious person, but he's in his own bubble. For example, I saw many people burn out, he was very aware of this, and no changes were made. I never saw any ownership of this issue on the company's part and most of the blame put on the burnt out employee. - Unavoidable early morning and late night meetings. I learned to delegate and manage these meetings better over time, but this always interrupted my life outside of work. - Not everyone's compensation is fair. The gap between the lowest and highest paid people significantly grew while I was there. Most other people, especially in Indonesia, deserved to be treated better. - 9 holiday days in the US, seems a bit low for the industry. - US office lacked diversity relative to the makeup of graduating engineering classes. - The health insurance the company provides is rather expensive for a family plan. Everyone who had a working spouse would use their spouse's insurance. - Indonesia has a different culture than the US which is a good thing. The bad thing is that we would generally try to force the US working culture on them instead of at least meeting them halfway or learning from them. - The CEO told the employees to go onto glassdoor and leave positive reviews instead of making the lives of his employees better and having that happen naturally.

Viewing 1 - 3 of 146 Reviews

Glassdoor has 192 Formulatrix reviews submitted anonymously by Formulatrix employees. Read employee reviews and ratings on Glassdoor to decide if Formulatrix is right for you.