Lab49 reviews

It is now a place where mediocre talent is hired for slightly above-market pay, with a vague promise of a possible bonus (maybe), and then you are worked 60-80 hours with little to no thanks. The sales team looks at the technology team as a blunt tool that can be engaged at a moment's notice, with little feedback (let alone appreciation) with regard to their efforts. Management sees technology as fungible assets, because the projects in technology are mostly not that interesting anymore; single page applications that have little-to-no relationship with actual finance, building powerpoint presentations that are supposed to be compliance reports (yes, really), etc. You get to work with an ever rotating cast of off-shore "talent".

- 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.