Avoid Like The Plague - Director Magnit Global Employee Review

1.0
Aug 11, 2023
Recommend
CEO approval
Business Outlook

Pros

Remote work available, unlimited PTO

Cons

Incredibly incompetent leadership who’s sole focus on prepping to be sold since they are backed by a private equity firm. They say anything in a sale and then walk things back, which puts people that are client facing, in a bad position to then walk things back with their clients. Leadership is not honest about the financial state of the company, or they wouldn’t have had 4 layoffs in 8 months. Even the new CEO came from their board, and she has the same agenda the last one did. It is very obvious based on what is determined as a priority by leadership, and ultimately makes for a very negative work environment.

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Magnit Global Response
2y
Thank you for your dedicated contributions during your tenure at Magnit. We are confident our new CEO has taken steps to enhance transparency in financial performance through her monthly Future Forums with our global staff. Your feedback holds immense value as we continue to navigate this journey of positive evolution.

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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