Lay Offs: MediaMath is downplaying it - Anonymous employee MediaMath Employee Review

1.0
Apr 12, 2016
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Great friends and smart people that I will miss working with. There are a great number of talent people working for this company but I'm afraid their time is running short. Great for those that enjoy the thrill of being aboard a sinking ship!

Cons

MediaMath had a great number of layoffs and as much as they are trying to spin it in a positive light with their Alpha program (program of "resources" to help those that were let go), the program is quite useless to the displaced workers. It's just an empty shell for PR. They could have helped these employees by giving them a lot more notice so they can start the search for a new job sooner. This Alpha team was conceived at least two months ago (February 2016) and all they came up with was a program that didn't really do anything. Now that's MediaMath efficiency. There were signs of doom when management was trying to sell stock to its own employees on two separate occasions. Clearly, an IPO is not hopeful to management and they're trying to milk money from employees when they know that it's not worth the price. It's a disgraceful management team leading this company that will stop at nothing to get rich at the expense of their employees. Word has it that there will be more lay offs coming. If you're looking to get a job at MediaMath, you should know that they have had hiring freezes and budget cuts since before the start of the year. MediaMath is not growing but in fact shrinking. My inside sources say there will be a lot more lay offs to come and that the fun, startup culture is just not there anymore.

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MediaMath Response
10y
There are some true things here, as well as some assertions that are not fair to your former colleagues here at MediaMath. Yes, MediaMath restructured into regionally-led sales teams and more agile product business units. Yes, that involved ending our relationships with some employees (somewhere in the lower to mid-single digits of our team). That transition made some roles unnecessary, which while painful was part of the point — it was getting too hard to get things done, and product and business decisions were not being made as easily as they should. It is NOT fair to say that leaders are “profiting” from employees by offering them stock purchase plans. We are committed at MediaMath is to giving everyone a stake in our success, and the goal with employee stock purchase is to allow employees to scale up that stake on favorable terms. Alpha, too, is a serious effort to activate folks beyond our walls in pursuit of our mission — I don’t think anyone who has participated in the program this week has found it insincere or useless. I am confident that we have done what it takes to see substantial and healthy growth in 2016. –Mike

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