Layoffs Galore. Poisonous HR Runs Company - Product Manager Envestnet Employee Review

2.0
Jul 14, 2023
Recommend
CEO approval
Business outlook

Pros

Work/Life Balance Cool Office Building

Cons

Zero company loyalty which is, unfortunately, expected these days. However, Envestnet takes it a step further. Most employees are remote but are now starting to be required to return to the office. Recent round of layoffs was handled unbelievably poorly. HR sends the company a fake email to all employees to stay home due to various reasons (A/C not working, for example) because HR finds it easier to let their people go over the phone rather than have the respect and courtesy to tell the employees the horrible news to their face. Now, with multiple rounds of layoffs, people are scared for their jobs and morale is at an all-time low.

Explore other reviews about Envestnet

5.0
Jun 18, 2026
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Great culture and team. The new management is really good and are invested in our growth and lots of investment in technology and product. I see a lot of opportunities to grow.

Cons

Keeping the Chicago office would have been nice, understand most of the employee choose to work remote and no one is going to office that often.

4.0
Jun 19, 2026
Recommend
CEO approval
Business outlook

Pros

Great work life balance, good benefits, the senior leadership has a solid growth plan. Overall good company with great people.

Cons

It’s seems that some of the more tenured people and leaders don’t want to evolve to support growth and shift in company culture. This can be demotivating.

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