Average company in a competitive industry - Software Engineer POSaBIT Employee Review

4.0
11 Sept 2025
Recommend
CEO approval
Business outlook

Pros

It was fun while it lasted. Began as a get it done startup with big potential and ended with middle positioned company hitting their industry ceiling. I would describe the overall management as okay. They managed their cash flows well and did not over raise or over leverage like other startups. Good work/ life balance and fun technical challenges at times.

Cons

Stock options were worthless. They mainly promote from within, with a bit of nepotism and half of industry experts they did hire do not last long term given the changing landscape of the industry. This is a service company and not a tech company. No exit interview which speaks to their lack of a self improvement culture.

Explore other reviews about POSaBIT

5.0
4 Apr 2026
Recommend
CEO approval
Business outlook

Pros

Great company in a tough industry. They make the tough calls on when to hire or not and manage their budget well. In a normal industry this company would thrive but given the challenges of cannabis it has been hard.

Cons

Cannabis industry is super hard to compete in.

1.0
31 Jan 2024
Recommend
CEO approval
Business outlook

Pros

They offer a nice severance package which includes shorting you on our medical leaving only 3 days at the end of the month and timing it 10 days before the bonuses were due to be paid out from earned work.

Cons

The leadership team has zero experience in cannabis outside of Posabit which is filled with nepotism. They punish employees who do the work and reward those who push the work around to look busy and/or have a habit of reinventing the wheel. The entire product department is filled with unqualified family members and children of the ceo who are an absolute nightamre to work with over promising and under-delivering . There is no internal organization or structure to support the executives squirrel-mind mentality and they have their chief of staff family friend running sales now who has publicly admitted that they "faked" the numbers on previous projects. The Sales team's commission has been changed so many times and has been convoluted with confusing spreadsheets that the Sales team members don't even know what they are owed anymore for their work. The leadership team provides no resources to any of their employees to simplify their workloads . The hr department is an absolute mess and should really be internally investigated for discrimination and providing misinformation. This is the definition of a toxic workplace and clients should be concerned about their data integrity .

7
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