Lab49 reviews

3.4

54% would recommend to a friend

(39 total reviews)
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Roman Trachtenberg

56% approve of CEO

48% positive business outlook

Reviews by job title

39 reviews

Reviews about "Culture"

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5.0
Jun 13, 2023
Recommend
CEO approval
Business Outlook

Pros

* Various projects in the field of financial (only for those who like these things) * Professional team members * Flexibility on changing project

Cons

* Only financial projects (for those who don't like these things) * Sometimes quick switch between projects * Project's infrastructure can be quite "legacy" sometimes

1.0
Feb 4, 2023

Layoffs | Bunch of liars | Don't join the company

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Tech head at Noida is the only pro about the company. although as a Product Manager, you will barely get to interact with him.

Cons

No job guarantee. No severance package. No respect to employees. They sell you the post by saying that you will be appointed on projects where your expertise can be used. But then, when the time comes they put you anywhere you want. And then even if you do good on those projects, you will not be paid bonus because they will make sure to lay you off before bonus season. They are laying off people by forcing them to resign. The HR calls, and forces you to send resignation before the call ends - otherwise they will terminate your employment and not give you a relieving letter. The leadership has no idea about the company's direction. You are hired for region X, but when region doesn't have work - they ask you to plead other regions if they have any work. They wont even bother informing other region POCs about you. So when you call them out of blue, they are as clueless as you. They will make you go through countless interviews in sister companies to "retain you". But even if you clear the rounds, and the hiring team wants you - they will lay you off because the "CEO did not respond to approval emails". They will lie their hearts out by promising you stuff that they can never deliver. I made the mistake of not paying too much heed to the negative Glassdoor reviews - I hope no one else makes the same mistake. This is my first ever review, hope someone reads it and find it useful.

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Lab49 Response
3y
Thank you for taking the time to share with us your experience. We understand it has been a difficult journey for you. While no company is immune to the current challenging climate, we strive to always do our best by our team, and are working to become a better employer to ensure this experience isn’t repeated. We’re proud of our team in India and the leadership we have, and are glad that they were helpful during your time at Lab. We've built a high performing global workforce that has the agility to work with other regions, clients and cultures – while this isn’t easy for everyone, switching clients and projects is common in our consultancy model where we believe great talent can be found across the globe. In 2022 we made a serious investment in our People Managers, upskilling them with our training partner, LifeLabs learning. We’ve seen our attrition drop, and the reasons that people move on have changed too, reflecting the improvement in the way management works at Lab. We are always reviewing our policies and procedures to retain our talented employees, or part ways with care and dignity and are sincerely sorry that on this occasion we were not able to retain you. Thank you again for taking the time to share your feedback with us and make Lab a better place for everyone.
5.0
Oct 21, 2022
Recommend
CEO approval
Business Outlook

Pros

People are really great about giving others the freedom to pursue interests and explore new ideas and methodologies. There's a lot of trust - I feel like I can really own the direction of my career and build skills in many areas. Plus, Lab49 is doing interesting work in humanizing complex domains and making them more accessible and intuitive. I'm also part of a few of communities that have popped up organically and help make the transition onto these projects much easier and collaborative. I think one of the great things about consulting is the steep learning curve - keeps you on your toes and always growing. So many people here are amazing at their jobs - there are a lot of experts to learn from.

Cons

Even though financial services is known to be behind the curve and there are ancient legacy systems, we are modernizing that through new methods, ideas and tech. The work can be hard and challenging with different clients. You have to be adaptable and able to switch directions quickly.

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