Dark times ahead - Anonymous employee Monks Employee Review

1.0
Oct 30, 2023
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Very professional people, people is really nice. Projects are exciting. Big clients.

Cons

There have been constant layoffs across all departments in the past year. Salaries are significantly low, and there are no bonuses or raises. Despite promoting themselves as tech-driven, almost an entired development team was laid off last month. There is a complete lack of transparency, with rumors of employees being pressured to sign NDAs to prevent discussion of the layoffs. Communication is virtually nonexistent, and there are frequent department restructurings, with the latest one appearing to be an excuse for further staff reductions. Teams are severely understaffed, leading to overwork and burnout among employees, and job security is uncertain. The company's stock has plummeted after Q3, likely due to a pattern of depleting resources. Valuable, highly skilled employees are being let go to preserve middle management that contributes little. It appears the company is headed for an inevitable downfall. The organization seems to be prioritizing short-term gains over long-term sustainability. This continuous cycle of layoffs and mismanagement is eroding employee morale and trust in the company's leadership. Employees are left feeling demoralized and undervalued, and the overall work environment has become toxic. It's evident that the company's focus has shifted away from innovation and quality, which were once its core values. With the constant loss of talented individuals and the neglect of essential teams, it's no surprise that the company's stocks have suffered. Investors and stakeholders should be wary of this unsustainable approach. In the end, it's a distressing situation for both employees and the company as a whole. Unless there's a drastic change in leadership and strategy, the future looks bleak, and the company's continued decline seems almost certain.

Explore other reviews about Monks

5.0
Jun 29, 2026
Recommend
CEO approval
Business Outlook

Pros

It's been such a pleasure, joy and fresh air to work here. I'm respected, as is my work life balance.

Cons

Leadership hasn't always been consistent with their words and actions, making it feel scary and tumultuous at times.

1.0
Jul 14, 2026
Recommend
CEO approval
Business Outlook

Pros

Remote Work life balance Benefits

Cons

I was brought on under the premise of working on 1 large account, and was thrown onto 3 clients within weeks of being there, two of which were new business. No training on basic tools but hours of security and harassment training Was made to believe during the hiring process that I would be working for a global agency, where people had and wanted tenure. The reality was working through an integration of a handful of small shops, and their small-budget clients. Everyone using different tools and adhering to various (no) processes. The expectation is that you are going above and beyond to grow your clients scope/investment, the reality is that you are lucky if you have any idea how to pitch a new AI tool or service. Departments are totally disconnected and have little understanding of ways of working given the integration and insane rate of employee turnover. I had a handful of managers in my first 5 months on the job. They pushed the merit cycle back 6 months Despite my strong client and team standing, my position was eliminated effective immediately, including benefits, on the last day of the month. Bare minimum severance.

5
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