Ivory tower symptom - Anonymous employee Interac Employee Review

2.0
Nov 19, 2024
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

- Canadian Company, serving Canadians - RRSP and some positive compensation benefits - Office Location within proximity to regional transit

Cons

Interac's leadership is undoing many of the factors that previously earned the company a reputation as a "top employer." They cite market forces to rationalize these changes, but lack a well-informed strategy or comprehension of the daily work done by middle and lower-level managers to drive meaningful improvements. For all new hires, be aware they will be mandating a return to the office from the current manager and business need to a minimum three days per week (CEO would like full back). An easy decision for leadership who often don’t have the same at-home requirements with family or commuting. A decision based on zero employee consultation below executive leadership shows the disconnect in action.

Explore other reviews about Interac

3.0
Jul 6, 2018
Anonymous contractor
Recommend
CEO approval
Business outlook

Pros

cant say much here, people are friendly but culture not the best.

Cons

lots of turnover, tight lipped environments, lots of people got laid off, company was struggling to find direction, etc. not a good environment to work and grow your career.

3
2.0
May 28, 2026
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Brand Name/Events / Benefits Plan

Cons

Restructuring and layoffs every year...Unplanned decisions even restructuring teams back to original way of reporting resulting in frequent firing and layoffs...Toxic middle level managers and highly political environment..be ready to have escalations on minor issues...instead of working together teams shift blames on each other ..You have to watch your back constantly...E.g Thrown in projects without any knowledge transfer and expected to excel from day one else will be escalated...Personal ego of Middle Managers takes precedence over Talent and Results..

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