Lab49 Reviews | Glassdoor.co.uk

Lab49 Reviews

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Found 85 reviews

3.1
StarStarStarStarStar
Rating TrendsRating Trends
55%
Recommend to a Friend
44%
Approve of CEO
Lab49 CEO Luke Flemmer
Luke Flemmer
43 Ratings
Pros
Cons
  • "Communication from senior management can be spotty at times(in 12 reviews)

  • "Limited to finance industry, therefore not as many potential clients as a general consultancy would have(in 5 reviews)

More Pros and Cons
  1. "Nice place to work"

    StarStarStarStarStar
      Current Employee - Anonymous Employee in London, England

      I have been working at Lab49 for more than 2 years

      Pros

      Despite some of the reviews on here the people are lovely

      Cons

      Senior management team mostly work from home which leads to a lack of direction and an empty office

      Advice to Management

      You could be more proactive

      Lab492019-05-03
    • Helpful (1)

      "Not what it looks like"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Current Employee - Software Engineer in London, England
      Recommends
      Positive Outlook
      No Opinion of CEO

      I have been working at Lab49 full-time for more than a year

      Pros

      Event with the awful historical reviews, I decided to give it a try and joined Lab49 in LDN. It seems most of the tensions were in the past and localised to NY. + biggest part of the LDN team joined within the last year. people are nice and always eager to help. + focus on up-skilling individuals and keeping up-to-date on tech (I really appreciate this since I used to have to do it in my own time) + fast paced, big...

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      Cons

      - office coffee is kinda crap

      Lab492019-03-29
    • Helpful (4)

      "Unprofessional"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Current Employee - Anonymous Employee 

      I have been working at Lab49 full-time

      Pros

      Lots of promotions, although very US centric, only US staff promoted this year.

      Cons

      Bonus never paid on time, later and later every year not even bothering to make excuses anymore. Make potentially hires wait several months for an offer to save money, saves even more money as they pull out and demoralized staff quit due to lack of resources.

      Advice to Management

      Realise why tier 1 banks and high quality candidates no longer want anything to do with you.

      Lab492019-04-24
    • Helpful (1)

      "Not that bad"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Former Employee - Anonymous Employee 
      Recommends
      Neutral Outlook
      Disapproves of CEO

      I worked at Lab49

      Pros

      Looks like most of the reviews on here are people who worked at lab when it was taken over by ION, it's a common pattern as their model is to purchase companies and cut them to the bone by forcing employees out. Very few people are left from the pre-ION days in London so it's pretty much a clean slate as they are rebuilding from scratch. Compared to working for ION, Lab49 is very pleasant, laidback place to work although...

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      Cons

      Don't expect exciting projects, London is very much a satelite office these days so you'll generally be supporting offshore teams which limits the type of projects which can be taken on.

      Advice to Management

      Be realistic about what the company is these days.

      Lab492019-03-17
    • "Shame about Ion"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Former Employee - Consultant 
      Doesn't Recommend
      Negative Outlook
      No Opinion of CEO

      I worked at Lab49 full-time

      Pros

      You get an macbook in a nice office with a games room and free food plus drinks every Friday, there's lots of benchtime so plenty of opportunities for personal learning, they are very flexible on the hours you do in office as most projects are run out of India.

      Cons

      Parent company Ion is a horrible place to work, benefits are low and they have zero respect for women. Many people are still listed as working for lab49 even though they left long ago as they are scared of repercussions, the actual number of engineers at the firm outside of India is very small.

      Advice to Management

      Get the basics right, make it a civil place to work, remove threats like withholding references and maybe people will actually want to join again.

      Lab492019-03-29
    • Helpful (1)

      "Consultancy"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Former Employee - Software Developer 

      I worked at Lab49 full-time

      Pros

      If not working on ION systems you have lots of freedom to use the latest technologies in greenfield projects. No support Flexible on hours

      Cons

      Benefits very poor compared to other similar companies Bonus late and small HR very disorganized, even getting paid can sometimes be a struggle Good chance they'll refuse to give you a reference Bored long standing business members sleeping at desk during day

      Advice to Management

      Explain to ION you need to compete with banks on salary/bonus to be able attract/keep talent

      Lab492019-02-28
    • Helpful (19)

      "Lost its way, losing its people"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Current Employee - Anonymous Employee in London, England
      Doesn't Recommend
      Negative Outlook
      Approves of CEO

      I have been working at Lab49 full-time

      Pros

      Although many of the best people have left Lab49 in the last year, the resulting power vacuum means that there is an opportunity for the talent that remains to rebuild the company into somewhere attractive with a new and improved culture (the old culture was not at all good, so it has to be better than that).

      Cons

      Lab49 is a company that has lost its identity - the reasons are a combination of a change in the ownership structure, high-profile resignations and a fair few redundancies. As a result, remaining employees are demotivated and confused about where the company is going, and most are actively looking to leave. Top-down communication is typically quite opaque - or worse, muddled and inaccurate - which adds to the unease,...

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      Advice to Management

      Come clean on the future of the company - lack of communications is having a huge impact on people.

      Lab492017-01-04
    • Helpful (14)

      "Completely undervalue new talent"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Former Employee - Anonymous Employee in London, England
      Doesn't Recommend
      Negative Outlook
      Disapproves of CEO

      I worked at Lab49

      Pros

      They do have a knack for hiring some great engineers - very smart, and very capable. Sadly they then treat them very poorly

      Cons

      I would be repeating what has been said time and time again over the years, and obviously ignored time and time again by senior management. I can say that most, if not all, of the positive reviews were written by internal recruitment team, or HR staff under orders of senior management.

      Advice to Management

      Leave

      Lab492017-01-31
    • Helpful (12)

      "Senior Java Engineer"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Former Employee - Senior Java Developer in London, England
      Doesn't Recommend
      Negative Outlook
      Disapproves of CEO

      I worked at Lab49 full-time for more than a year

      Pros

      People are great, or were great as most of them left anyway. No reason to join the company at all. While they may seem to be a company that pays a lot, it's not worth it as there are others on the market which pay just as good.

      Cons

      - very poor communication top-down (non existent in fact) - company lies to it's employees promising no lay offs, where in fact they happen few weeks later - all the talent pretty much left the company - project architecture is not consistent, hasn't been proven to work, in fact it's known not to work due to some serious issues - everyone who's ever been their client no longer wants to do anything with them - one...

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      Advice to Management

      Just stop doing what you're doing, as clearly it doesn't work.

      Lab492017-01-31
    • Helpful (12)

      "Failing company with immoral working practices"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Current Employee - Consultant in London, England
      Doesn't Recommend
      Negative Outlook
      No Opinion of CEO

      I have been working at Lab49 full-time for more than 2 years

      Pros

      Was apparently a great place to work many years ago. Also the software engineers that work here are usually of a very high calibre, so at least you'll learn something. Initial salaries are good for a non-bank in London, though don't expect it to go up or get more than a few hundred quid for your bonus.

      Cons

      Has gone downhill massively since Ion Trading took over, though the rot started before then. Ion Trading is a terrible company to work for (just look at their Glass Door reviews), so this isn't very surprising. I feel sorry for some of Ion Trading's more recent acquisitions, such as Caplin, since it's highly likely they'll end up the same way. The culture is riddled with immoral working practices such as: * Making people...

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      Advice to Management

      Stop annoying your employees. People who have been treated badly talk, particularly after a few beers and rumours spread. Soon everyone is planning to leave and there's no Lab49 left.

      Lab492017-01-27
    Found 85 reviews