Lab49 Employee Reviews about "smart people"

Updated May 12, 2020

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Found 12 of over 138 reviews

3.0
48%
Recommend to a Friend
39%
Approve of CEO
Lab49 COO Roman Trachtenberg
Roman Trachtenberg
17 Ratings
Pros
  • "Smart people who are generally good teammates, with the exception of some senior management(in 12 reviews)

  • "Good work-life balance with WFH days, relaxed hours, team lunches and events and good trust between staff and management(in 7 reviews)

  • Cons
  • "Senior management team mostly work from home which leads to a lack of direction and an empty office(in 14 reviews)

  • "Parent company Ion is a horrible place to work, benefits are low and they have zero respect for women(in 6 reviews)

  • More Pros and Cons
    Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.

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    Reviews about "smart people"

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    1. 4.0
      Former Employee, more than 1 year

      Nice place to work

      Nov 10, 2016 - Anonymous Employee in London, England
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Meet some really smart people here who I still know today. Learnt a lot and had great fun. They paid well.

      Cons

      Being a consultancy you never know what gig you end up on so it can be touch and go, you either win or you loose. If you loose there isn't much you can do but try get reassigned.

      3 people found this review helpful
    2. 4.0
      Current Contractor

      Decent company overall, could communicate better

      Jul 11, 2016 - Anonymous Contractor 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Decent compensation, flexible working environment, smart people and open to adoption of new technology.

      Cons

      Communication of project changes often appear to be made behind closed doors.

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    3. 1.0
      Former Employee, more than 1 year

      Consider alternatives

      May 12, 2020 - Consultant 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      There do seem to be some very smart people here

      Cons

      You know how to really judge a company by how they respond to a crisis, whilst the major tech and financial corporates extended leave and promised no redundancies during coronavirus. Lab49 laid people off, postponed bonuses and cancelled online training subscriptions despite no material impact to their business.

      11 people found this review helpful
    4. 2.0
      Former Employee, more than 1 year

      Toxic Culture

      Feb 27, 2020 - Product Owner in New York, NY
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Smart people who are generally good teammates, with the exception of some senior management.

      Cons

      Fixed price delivery model means there is consistent pressure both on the teams but also on the client to ensure delivery risk is mitigated to preserve the firm's margin. Scrum is used, but its values are not followed and it's used as a cudgel coerce the teams and the client. A "just-in-time" staffing model also means teams have little preparation prior to engaging on a project and precious little organic ramp-up time.

      9 people found this review helpful
    5. 5.0
      Current Employee, less than 1 year

      A great company, team and portfolio of clients

      Sep 22, 2019 - Data Consultant in New York, NY
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Lab49 went through a transition and has been expanding it's team and projects exponentially Very smart people and a dedicated management team Clients are top tier 1 investment banks, asset management firms, retail banks and other financial services institutions Great career growth opportunities and a lot of autonomy Plenty of learning opportunities and very interesting and challenging initiatives

      Cons

      The snack could be healthier

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    6. 1.0
      Former Employee

      This place is a sinking ship

      Jul 29, 2019 - Consultant 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      The other reviews on here give you a fair warning - avoid at all costs. There were once plenty of smart people here, though almost all have left.

      Cons

      Senior management have all quit and not been replaced, no internal structure whatsoever, projects are drying up, way behind the innovation curve.

      9 people found this review helpful
    7. 4.0
      Former Employee

      Great place to grow skills

      Dec 19, 2017 - Anonymous Employee 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Extremely smart people, lots of innovation

      Cons

      Work may be very exhausting

      1 person found this review helpful
    8. 1.0
      Current Employee, more than 1 year

      Going downhill... FAST!

      Jun 13, 2016 - Software Engineer in New York, NY
      Recommend
      CEO Approval
      Business Outlook

      Pros

      - Great coworkers, extremely smart people (for now... but they are leaving in droves) - Well stocked kitchen and great view from the office (though you will probably spend most of your time at client sites) - Monthly organized "OneLab" events to socialize with coworkers - Mostly competitive pay (but see below regarding bonuses)

      Cons

      - In 2015 ION Group acquired a majority ownership in the company and asserted a large amount of control over operations. Things have gone down hill rapidly since. See reviews of ION Trading, Triple Point Technology, Financial Software Systems, FFastFill, and Wall Street Systems (all other ION acquisitions) for whats in store. - Was a very high quality software shop, but since the ION changes, quality has dropped quickly and significantly over the past year. The goal is now just to get work out the door. Very little regard to quality at all. - We were paid only 30% of our 2015 bonuses, while the remaining is being witheld until later in the year, to be paid only if a specific number of off-shore employees are hired. Even the recruiting dept (whose responsibility it is to meet those goals) wasn't given a heads-up on this. - Executive team is not trustworthy. They tell half-trutths and lie often to woo and retain top talent, but can't follow through on anything (which is why the most talented people have left or are leaving). In the meantime, they can't figure out why their reviews are floundering (part of their onboarding process "requires" you to write a Glassdoor review, I guess in an attempt to inflate positive reviews while workers are still in that honeymoon phase). Quarterly Q&A meetings are supposed to be open to discussing the state of the company, but are really just a soapbox for management "assure" everyone that all is going just fine! The only real winners in this company are c-level execs and upper management, and they obviously aim to keep it that way. In the end, consider this a stepping stone at best. But with the market the way it is now there are so many companies that will treat you much better, especially in NYC, that it's hard to find a reason to bother.

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      30 people found this review helpful
    9. 4.0
      Current Employee, less than 1 year

      LAB49 is a good place for work

      Sep 11, 2015 - Senior Software Engineer in New York, NY
      Recommend
      CEO Approval
      Business Outlook

      Pros

      I joined LAB49 a couple weeks ago. The on-boarding process was very organized and efficient. The atmosphere is positive. You get to meet smart people. Agile development. Thin management layer. Managers are very technical. Paid for events that bring employees together. You are given a beautiful Apple laptop w/o the draconian site access restrictions you see in banks.

      Cons

      You have to deal with the client employees (banks) who are by and large incompetent.

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      2 people found this review helpful
    10. 3.0
      Former Employee, more than 1 year

      Smart people. Uninteresting work. Good compensation.

      Mar 14, 2015 - Anonymous Employee 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      You will work with very smart people who know their craft well. There isn't a whole lot of BS. If you are a mature professional and have an understanding of how large financial organizations work (very slowly), you would be just fine. Work life balance is pretty good outside of rare instances.

      Cons

      No real focus on career growth. If you happen to be in the New York office and have a relationship with senior managers, you are trusted and given opportunities. Everyone else is in the same "resource" pool and used interchangeably across projects. Terrible HR practices (they exist to be a stick over employees' heads, not really focused on development of resources)

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      8 people found this review helpful
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