Placester Reviews

2.8

28% would recommend to a friend

(70 total reviews)

Omar Hussain

26% approve of CEO

27% positive business outlook

Placester has an employee rating of 2.8 out of 5 stars, based on 70 company reviews on Glassdoor which indicates that most employees have an average working experience there. The Placester employee rating is 25% below average for employers within the Real estate industry (3.8 stars).

Reviews by job title

70 reviews
2.0
5 Sept 2016

Management doesn't know what they are doing

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Nice office. Lots of smart people.

Cons

Serious micromanagement from one of the co-founders on the engineering and product side. Product and engineering are constantly pulled in different directions and expected to do more work than is possible. Recent round of layoffs ousted some very talented people. Would not bet on this company.

avatar
Placester Response
9y
With Placester’s recent growth and two acquisitions, it became clear to me that our engineering and product teams were focused in too many directions (as you’ve said ). It’s clear that focus was the largest issue day to day. Growth is great but there are also downsides and focus is one of them. As a remedy, we focused the overall direction of the business. As part of that, we had a to make a few hard choices on the team so that we could ultimately continue to focus on engineering and product. And more importantly, aligning everyone with our company goals. Making these types of transitions isn’t easy, however significant progress has already been made. We are continuing to hire in engineering and product and our first priority is removing technical debt (re: “rube goldberg mess”). Many of the teams have made significant progress and will ship production replacements to high-debt services in the next month or so. Thanks so much for the feedback, we always appreciate it. -Matthew Barba, CEO
2.0
15 Feb 2017
Recommend
CEO approval
Business outlook

Pros

Compensation and benefits are good. Front-line employees are great people and are the real reason the company has made any progress.

Cons

I've heard current employees are being pressured into writing fake positive reviews I decided to add my two cents. The executives have intentionally created a company with zero transparency in order to give them more room to be manipulative. They're scrambling to cash in on bad bets they've made and try to sweep bad news under the rug, hoping it will keep their current staff from leaving. They also won't admit their product is barely functional, and replace every engineer that leaves with two new salespeople, focusing on selling more of a bad product rather than fixing the product itself. Engineering leadership is tyrannical and has held such tight control they've choked the life out of the team. The CTO has been quietly moved out of the position but is still allowed to control the engineering team, which leaves no room for other leaders to step up and steer things in the right direction. Leadership doesn't trust anyone but themselves to make decisions and won't admit when they can't live up to promises they've made to their partners. They treat their developers like children and blame others for their own mismanagement. They're only now starting to do things other companies do by default, like survey employees and (pretend to) accept feedback, but after having refused to listen to anyone else for years it seems like an empty gesture. I'd like to see them pull out of this tailspin, but I don't see leadership being willing to release their control over everything around them. The executives will spin their downfall as a positive and roll right into positions at other companies without thinking twice about all of the people they burned. I expect there to be lots of casualties.

1.0
19 Dec 2016

Dysfunctional Management

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Some talented people remain. Interesting business. If you brown-nose regardless of knowledge or skill set, you can survive here.

Cons

Management and their friends lack true leadership, exploit employees, and frequently change business goals. Fear and intimidation-based power games are the norm. Everyone is watching their back. Very large, unproductive crowd-sourcing meetings are common, costly, and time-wasting. It became clear that management was crowd-sourcing information from the lower ranks for among other things, business and tech direction since they lack adequate knowledge as well as analysis and planning skills to run a business. This company has a long way to go to be profitable and ethical in its treatment of employees. Fast-talkers move up here. Skilled, honest, untethered employees move on.

Viewing 1 - 3 of 70 Reviews

Glassdoor has 74 Placester reviews submitted anonymously by Placester employees. Read employee reviews and ratings on Glassdoor to decide if Placester is right for you.