POSaBIT Reviews

3.3

49% would recommend to a friend

(17 total reviews)

49% positive business outlook

POSaBIT has an employee rating of 3.3 out of 5 stars, based on 17 company reviews on Glassdoor which indicates that most employees have a good working experience there. The POSaBIT employee rating is in line with the average (within 1 standard deviation) for employers within the Information Technology industry (3.9 stars).

Reviews by job title

17 reviews
1.0
6 Oct 2023

They are removing bad reviews!

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

None. Nepotism all around. Don't work here if you have self respect or want any joy in your life.

Cons

Nepotism. Shady upper management. Shady management in general. Told us to lie to shareholders.

1.0
18 Oct 2023

How to disenfranchise half a company

Recommend
CEO approval
Business outlook

Pros

The only pro is POSaBit has hired some excellent people for many of their (mostly non-product) teams. The fact that they are dishonest and deceitful during their hiring practices helps them bring people on and then overwork them. (Claiming to offer stock grants during salary negotiations when its actually options that cost twice what the company's stock is worth may not technically be a lie, but if people knew the difference they wouldn't sacrifice salary for it.)

Cons

-Leadership and strategy are non-existent. -Underpaid for the industry. (Pay when you’re hired is also not accurate since they’re constantly delaying commission for sales and bonuses for the rest of the company while paying those at the top) -Hiding truths from their customers and using Customer Success or Support as scapegoats. -Huge amounts of nepotism – especially at the product and leadership level. Just friends & family at the top mean no one to listen to customers or speak truth. -constant unrealistic expectations based on random strategy changes and blaming the “cannabis market” despite no effort to understand the cannabis industry -product doesn't work the way it's described and is increasingly full of bugs and stupid design issues since it only has to be “good enough” until the company gets bought

1.0
13 Dec 2023
Recommend
CEO approval
Business outlook

Pros

The healthcare benefits are decent Fully remote POSaBIT has some shockingly talented/competent employees who endure a lot of challenges

Cons

Management is very, very poor, and the overall direction of the company lacks transparency or innovation. Many managers and leads are quick to shift blame to overworked employees and also routinely blame "the industry" for their lack of skills or planning. A lack of foresight and cliquishness within the company has created a small group of "in" employees, with everyone else left to suffer or search for other positions...a LOT of people are searching for other opportunities. Nepotism is rife within the company. Family members of the higher-ups are stationed in prominent positions, and friends of the higher-ups are granted positions with little thought to their actual performance or capabilities. The company likes to present itself as tight-knit, but employees are overworked, micromanaged, and feedback is never welcome or considered.

Viewing 1 - 3 of 17 Reviews

Glassdoor has 17 POSaBIT reviews submitted anonymously by POSaBIT employees. Read employee reviews and ratings on Glassdoor to decide if POSaBIT is right for you.