Toxic, backstabbing culture with an executive team that reeks of a high school clique - Mitarbeiter (anonym) bei Immutable: Mitarbeiterbewertung

1.0
21. Apr. 2024
Mitarbeiter (anonym)
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Pros

Benefits, remote work, the people in the trenches are awesome.

Kontras

Please do not be swayed by the money thrown at you to join this company. They call it danger money for a reason. You end up selling your soul and time away from your loved ones, with expectations of being constantly available and responsive and for what? To have the strategy changed on an almost weekly basis so nobody in any part of the business has any clue what they are doing or why. If you are considering joining this company you need to assess where you are in the org. If you are close to the executive team it would be a truly adventurous move to join. You need to be willing to say yes, ask how high to jump and be comfortable in pivoting what you're working on without batting an eyelid. You must also be willing to lose your job on the turn of a dime and be back out in market so quickly you're left wondering what happened. This is a true "churn and burn business" if you speak up, have an opinion or don't agree with something, be prepared to be iced out by the leadership team until you're so uncomfortable you leave on your own accord. There is nobody with enough courage to have a conversation, there's no such thing as transparency, hence why no resignations or terminations are shared. They just let you find out on Slack when you go to message someone and oh! Another profile deactivated. Shocking! There is a sense of the Hunger Games as you sit there wondering if the person left of their own accord or if it was one of the many smaller and quieter redundancies. A grave lesson was learned by the executive team after the large round of redundancies that made the news. DON'T DO BIG BATCHES! Do it quietly and one by one so it doesn't make the papers. Don't tell anyone in the company you are doing it so employees are left to see as one by one their team members stop showing up. If you are further down in the org then you need to pray for a manager who is willing to go to bat for you for opportunities, promotions and to keep the wolves from your door piling on more and more work because employees are quitting in droves or are let go. A truly bloated executive team of roughly 10% of the company. Most have a Chief of Staff to show off like a Birkin bag and nobody has any clue what any of them do. Is there really enough work for the executives to do let alone them plus a Chief of Staff? It's astounding. And with a handful of legacy staff that were hired before their insanely strict hiring practices were brought in who if they interviewed now they wouldn't stand a chance of getting a job there. There are different rules and expectations for these people such as no real requirements to actually do any work, they can delegate to anyone they please, openly complain about being too busy or say "it's not in my remit". These people truly contribute to the toxicity and the feeling of it's us (the employees) vs them (the executives). There is a conscious effort to separate and segregate both people and information so you stumble along with little to no context hoping you're heading somewhat in the right direction. This company is true case study in how to destroy a culture in a matter of years. It's what happens when you get a bunch of poisonous people together to run a company without any level of transparency, direction but with a healthy dose of patting each other on the back for really not achieving anything at all. Enter at your own risk!

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5.0
3. Sept. 2023
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CEO-Befürwortung
Geschäftsprognose

Pros

Really lovely people. Great work life balance, and interesting work.

Kontras

In the crypto space, so reliant on the ups and downs of the industry. Lay offs were common despite making it sound like the company had years of runway to live through bear market conditions

1.0
13. Okt. 2023
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CEO-Befürwortung
Geschäftsprognose

Pros

If you like gambling, I guess this could be interesting. For the most part the everyday people are great.

Kontras

Utterly confused company as it runs with lots of leaders, but accountability isn't really accepted at the top, nor is the strategy sound. Performs a number of layoffs, then weeks later has a parade of offsites flying people in from around the world to stay lavish, including highly expensive events. Lots of 'yes' methods with leaders despite very questionable product strategy. Probably the worst company i've worked at. Very private school bro culture.

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Reaktion von Immutable
2y
Thank you for taking the time to share your thoughts and feedback on your experience. We'd like to clarify a few points that you mentioned in your review. It seems there might be some confusion, as we are not a gambling company. We bring digital ownership to every player by making it safe and easy to build great web3 games. With regards to the layoffs, we know the restructuring earlier this year impacted the roles and lives of some of our employees, and we understand that this can lead to people feeling frustrated and saddened by these changes. Throughout this year, we have continued to invest heavily in the employee experience and in-person connection of our incredible Immutables globally, which is why we continue to hold company events and offsites. This has contributed to a huge engagement result of 81% in our recent global engagement survey, and we will continue to invest heavily in these areas. Our Engagement results also showed 87% confidence in Company leadership, which included the question of having a strategy and vision that was motivating. We are extremely confident in our Product strategy and our incredible team in Product, Engineering and Design. We also continue to invest in building a diverse and inclusive work environment. 28% of our Immutables are women or non-binary, which is above average for Web 3 and an engagement score of >80%, but we know we still have much more to accomplish here. If you have specific concerns related to our company culture, we would appreciate more details so we can address them appropriately. Thank you again for sharing your feedback, and we invite you to reach out to me, Kath Rau on kath.rau@immutable.com, to discuss your concerns in more detail.
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