LUMICKS Management: A Masterclass in Incompetence - Anonymous employee LUMICKS Employee Review

1.0
16 Jan 2024
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Colleagues are mostly relaxed. Individual contributors are smart. Generous vacation policy. Used to throw some good company parties/events before massive budget cuts to do mismanagement.

Cons

Where to start... 1. Incompetent management: the leadership at LUMICKS is shockingly amateurish. The CEO and founders have never run a large company before, have no prior success stories to speak of and it shows. They constantly botch communications (aka laying off 1/3 of the company the month after telling everyone jobs are safe 🤡), spend in all the wrong places, hire the wrong people, and hide the fact that they spent most of the investor money inappropriately and cashed themselves out. Don't buy into the "cult" of LUMICKS - its a dying company. 2. Lack of career development: don't expect any support for your professional growth at LUMICKS. They claim this nice, flat organizational structure but in reality it's just a bunch of incompetent middle managers fluttering around with no clue on how to foster and grow the careers of their colleagues. It's perhaps a good place to start your career, but almost everyone leaves after a year due to the chaos within. 3. Inadequate compensation: the compensation at LUMICKS is far from competitive. Raises are well below inflation. Perks are slowly being pulled back as they try to lower burn rate. The office is in the worst location in Amsterdam - it might as well be in a different city.

Explore other reviews about LUMICKS

5.0
27 Apr 2020
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

I have been with LUMICKS for less than a year but I have to say this is easily one of the best companies I have worked for. It's a flat organizational structure and management truly cares for their employees. They want everyone to develop professionally and personally. It's also so great to be surrounded by such brilliant individuals.

Cons

Nothing I can even think of.

1
1.0
1 Apr 2025
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Smart and collaborative team Great commercial & field team Good time-off plan

Cons

Upper management, with the new CEO (not Oliver anymore), has no knowledge of the field they are trying to get into. This led to the change directions without any valid rationale - purely based on their "hypothesis" (sometimes they don't even have a hypothesis, lol). Surreal goals for the team No growth potential no US-based HR function Looks like they just want to cash out the company

4
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