Lab49 reviews

3.4

54% would recommend to a friend

(40 total reviews)
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Roman Trachtenberg

56% approve of CEO

48% positive business outlook

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40 reviews

Reviews about "Culture"

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3.0
Feb 10, 2020
Recommend
CEO approval
Business Outlook

Pros

The people I worked with while at Lab are among the best engineers I've worked with. Not only did I learn a great deal from them, the relationships I built while at Lab continue to be important to me. Lab projects were also generally interesting and short enough that if they weren't, it didn't matter that much.

Cons

Lab is a consultancy and suffers from the usual consultancy issues. There's a lot of turnover in the workforce, and projects can be highly variable. The particular projects you land on can have a lot more impact on your experience than anything else. The ION acquisition was also highly disruptive to the historical Lab49 culture. Do your research, and read the news stories you can find on ION group acquisitions and the way they've been perceived by ION's employees, customers, and lenders.

1.0
Dec 2, 2019
Recommend
CEO approval
Business Outlook

Pros

Decent resume builder / breadth of experience in different topics. Some good people left. Benefits aren't bad. Seem to have some good people in London and DC. Everything seems easy after working at Lab49.

Cons

Bonuses scheduled to be paid in April, actually paid between June - Nov even though you read online that the global CEO pays himself 9 digits a year as he buys more and more companies. Company sells itself as doing attractive front office projects with great design but banks don't actually outsource that kind of work. Hero culture where you are asked to work weekends to deliver on some unrealistic deadline instead of good management and setting projects up for success. NY culture is toxic, especially heads of strategy and project management who are verbally insulting. They seem to get it that way from the CEO and then quickly pass the buck. No support system for training / learning and development even though you get graded on it at eval time. CEO actively avoids having to interact with the proletariat staff. Low-ball all the offers and you have to fight annually for market pay directly with the lab CEO. It seems like the positive Glassdoor reviews are written by a select group of new people that management is trying to isolate and treat well and encourage to write glassdoor reviews for the sole purpose of saving their rating.

5.0
Nov 10, 2019
Recommend
CEO approval
Business Outlook

Pros

You will be around some of the smartest people you've ever worked with. The expertise of every team here is unparalleled. While every project is different, you will be generally implementing the best and most current tech using best practices. Due to the nature of consulting, you will get a feel for different environments and will have the experience of various projects under your belt. You won't get siloed into supporting a small part of a system for the rest of your career. You'll also have many opportunities to go across the stack and learn things you are unfamiliar with. This was definitely the job to take my career to the next level. I learned way more here in a shorter period of time than at any previous role.

Cons

The work is mainly in the finance/fintech space, so that may be a turn-off to some people (however there is obviously tons of room for innovation in that space). Issues typical to consulting: - constantly-shifting teams - having to work around some environments with old or proprietary tech (sometimes this is unavoidable) - difficult to have a cohesive engineering culture when most people are frequently deployed to client sites (this is changing, though, as there are more events and the engineering team is having regular meetings, tech talks, etc)

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