YipitData reviews

Regrettably, I find myself compelled to articulate my disappointment, as my initial optimism joining Yipit has been eclipsed by a profound transformation within the company, rendering it impossible for me to endorse it as a  good place to work. Yipit once boasted a myriad of positive attributes, including a culture characterized by ownership and accountability, the opportunity to collaborate with exceptional talent on a top-tier product, and a solid reputation that came with a host of job perks. However, the tides shifted dramatically when the company embarked on an aggressive hiring spree. This expansion encompassed the recruitment of numerous managers and the promotion of commendable individuals to middle management positions. Unfortunately, the proliferation of managerial roles has had a negative impact on the organization, manifesting in an unprecedented surge of micromanagement and a palpable decline in morale. There were also lay offs earlier in the year which affected morale and the overall workload of those left within the company. Many individuals elevated to senior management positions lack the requisite skill set, thereby creating confusion and transforming the work environment into a state of disarray. The strategic landscape undergoes daily fluctuations, rendering it arduous to keep pace, and a substantial portion of our time is now allocated to updating our managers for the sake of them providing updates, which becomes a game of telephone. The upper echelons of the company exhibit a lack of accountability, attributing any shortcomings in strategy or pricing to the sales team or macro economic environment. A notable number of newly promoted managers have been recruited from GLG. This practice has constrained opportunities for long-standing staff members who possess a deep understanding of the product at hand, curtailing the once-cherished meritocratic work environment and instating an unnecessary bureaucracy and cliquishness. On the whole, the ever-changing strategy perpetuates a sense of unease, leaving one apprehensive about being out of sync with the latest developments. Communication falters, and managers impose an insurmountable burden by incessantly demanding updates, leaving one to ponder how they allocate their own time. Despite the amount of surveys, no tangible action ensues. Rather than fostering a positive work environment, there is now increased hostility felt across the business.

1. The level of incompetence of some managers is beyond me. The fact that people who are absolutely clueless about the products/clients/management are put in senior management position shows how much this company has deteriorated. They are doing harm to the business and destroying morale and need to be fired immediately. They say they’re a meritocracy and encourage making mistakes, but truth is good work is not rewarded and failures are punished. People who have been here for a long time are in the position of power and have way more equity than the others. Also doesn’t seem like anyone is taking any effective action to address the issue, despite constant complaints. (Do you really think running a Manager Certificate program is going to address the issue?) 2. Business model is very risky. Yipit doesn’t own most of the data except for Edison, so there’s no moat. Most data comes from web scraping and partnerships, which means there’s a real risk to revenue if companies start implementing anti-scraping measures or partners terminating partnerships. This is actually happening right now. 3. Culture has died. Ever since the layoff in January, the cultural values have become a joke. Management talks about culture only when it’s convenient to them. People are looking after themselves to prevent from getting laid off in the next round and it’s getting extremely political. Also look at the responses to bad reviews from People Ops - they’re doing it for damage control and is honesty cringeworthy. Just another faceless corporate America. 4. They’re pushing the team extremely hard to squeeze every last ounce of productivity left in them to compensate for their lack of vision and strategy. People are burnt out across all departments but business is still struggling. In the meantime, they’re implementing tight cost control, even on initiatives that could contribute to business growth. 5. Compensation is below market rate. Instead of raising salaries, they’re trying to rationalize why they offer below market rate. 6. Yipit is NOT a tech company. The amount of bugs and failures in internal tools is astonishing and no one seems to care. Engineering capability is subpar. 7. They’re also hiring a bunch of executives whose values are questionable, while refusing to hire more junior people who can help reduce the workload.