Lots of false promises, technology unreliable, fake culture - Senior Account Manager Potloc Employee Review

Nice people we are working with

A lot of changes every year

There are a handful of great employees

This company is highly mismanaged and unstable. When I joined, I believed it was a growing organization, but in reality, about 75 employees have either been laid off or resigned since I started less than a year ago. Financial Instability and Misrepresentation During the interview process, leadership misrepresented the company’s financial health, painting an overly optimistic picture. In reality, the company is far from profitable and is running dangerously low on cash. Once this became apparent, it was clear that the company was in serious financial trouble. Product and Pricing Issues The company’s core product, which is supposed to be its competitive advantage, is fundamentally flawed and does not work in the US. Due to its inefficiencies, over 90% of the data is outsourced, leading to excessive markups on every deal. This not only erodes competitiveness but also makes the offering unsustainable in the long run. Sales Leadership and Management Failures Sales leadership is deeply unqualified, making erratic decisions that hurt both employees and revenue. The recent resignation of our Sales Director, with no plans to backfill the role, underscores the lack of leadership value. The remaining sales manager frequently switches accounts, rejects viable deals, withholds critical information, and engages in rapid hiring and firing cycles. Over the past year, more than 10 New York sales reps have come and gone, a staggering turnover rate considering the office only has around 8 employees currently. This speaks volumes about the toxic culture and instability. Unfair Practices and Internal Favoritism Management allows the European office to violate territory rules and poach U.S. deals without consequences. This favoritism further demotivates the U.S. sales team and highlights the company’s lack of structured support for its employees. Future Outlook and Final Warning The company has already undergone two significant layoffs in recent months, and more cuts seem inevitable. Given the current trajectory, I would not be surprised if the company ceases to exist within the next year or two. If you're considering an opportunity here, my advice is simple: avoid this company at all costs.