Garbage PE consolidation, avoid at all costs - Anonymous Magnit Global Employee Review

1.0
Apr 17, 2026
Recommend
CEO approval
Business Outlook

Pros

They pay well, but I think they need to because their whole business model is pretty objectionable. Some good people for sure, but not worth the environment.

Cons

Your onboarding will end at receiving a laptop. Then you get to navigate your way through disjointed systems and unaligned teams. If you make it through that, the work is soul-sucking. I stayed for a few good coworkers whom I really liked, but they were ultimately forced to lay me off without being given a vote. This company is owned by EQT which I'm convinced is maybe one of the worst PE firms in the world. I could excuse ruthlessness if it got results, but they seem to take joy in bleeding companies dry for the benefit of their lenders. Never work here.

Explore other reviews about Magnit Global

5.0
Jun 5, 2026
Recommend
CEO approval
Business Outlook

Pros

Ability to work with FAANG company with opportunity for transition to FTE. Very responsive team to any questions.

Cons

Contract work, so role may or may not be renewed depending on company needs. Not really a con, just the nature of the job. Very few PTO days.

1.0
Jun 17, 2026
Anonymous contractor
Recommend
CEO approval
Business Outlook

Pros

They pay you regularly - that is about it

Cons

They are only interested in their own bottom line and explained nothing to me when I was brought in by their client for a contract but needed to be paid and actually employed via Magnit. They employed me as a W2 and I didn't realize it was an option to go in as a contract 1099 - which would have increase my net significantly, since I have an LLC set up and have been doing taxes as self employed for several years. They didn't let me know that I should be on benefits and sent me no paperwork to enroll. The amount of money they saved from me not collecting benefits is terrible along with what I was paying for healthcare etc. I have to leave the client early because of the issues with Magnit even though they would like me to stay for an additional year.

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