Formlabs reviews

3.2

49% would recommend to a friend

(155 total reviews)
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Maxim Lobovsky

58% approve of CEO

61% positive business outlook

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155 reviews

Reviews about "Compensation"

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5.0
Mar 21, 2025

Hard work but good work

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

- Smart, helpful, energetic colleagues - Levelheaded leadership taking the company in a steady direction - Customers love the products - Lots of opportunity to bond with colleagues - Reasonable salaries and benefits

Cons

- Hard work with lots of accountability -> you'll earn your pay - 3D printing industry has been in a tough spot for several years

4.0
Mar 12, 2025
Recommend
CEO approval
Business Outlook

Pros

Engineers at the company have opportunities to work on challenges related to optics, thermodynamics, and 3D algorithms. This can be quite fun and educational. Engaged employees have the potential to make a meaningful impact on the products. The relatively short product lifecycle allows engineers to see projects progress from concept to production within a couple of years. This fast-paced environment fosters skill development and domain expertise in hardware and software design more quickly than in most other workplaces. Formlabs provides reasonable compensation for its most valuable employees and decent healthcare benefits across the board. I have had good experiences taking PTO, and my high performance has often been rewarded with opportunities to travel and participate in conferences. In response to retention challenges, the company has recently increased my compensation significantly. Many younger employees appreciate the sense of community at Formlabs and often participate in social activities with colleagues outside of work. Proximity to MIT provides resourceful employees with plenty of opportunities to attend events and connect with the larger tech community.

Cons

Despite the company's efforts, relatively few highly profitable and scalable applications for 3D printers have emerged. The most lucrative applications, such as digital dentistry, are competitive markets. These industry dynamics influence both wages and career growth opportunities at Formlabs and within the broader digital manufacturing sector. High turnover has led to challenges in retaining institutional knowledge. Staffing continuity between programs has been a persistent issue, impacting long-term momentum. Retirement savings benefits are poor. There is no 401k matching and the company's 401k offering charges very high fees (the provider charges ~1% AUM to be invest your money in Vanguard target date funds!?). This ugly arrangement effectively lowers engineers compensation, because they must choose between a higher W2 tax burden and paying out these onerous fees to a poor quality financial services company. The stock option grants are illiquid and there isn't a strong secondary market for them (as of time of writing). The cost of living index for the Boston area is extremely high. Saving money while working at formlabs can require some asceticism.

5.0
Mar 4, 2025
Recommend
CEO approval
Business Outlook

Pros

Formlabs is the place to be for high achievers looking to work on high complexity consumer products in a fast paced environment. While, reading through many of the comments here, much of the negative feedback may be accurate, many are comparing to a traditional environment or company. Formlabs is not a typical company and not for someone looking for a remote, 25 hour a week job. Formlabs is a place to start or significantly up level a career for a smart, hard working person. The learning opportunities that will be given to hard working people who demonstrate results through their work is unparalleled and gave me an immense amount of tools to later go off and start my own company. I was able to work with some of the smartest and most talented people ever working on industry leading products with immense technical complexity. Having seen many on similar pathways, the largest difference between people who excelled here vs complained were the ones who embraced the intensity of s startup and matched passion to ship great products. If thats not your vibe, then undoubtedly Formlabs wont be the right place to grow and level up. There is plenty of flexibility afforded both day to day and even over a year and is a great place for high achievers.

Cons

- Compensation is lower than it might be elsewhere - High emphasis is put on technical prowess over much else

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