Great product company needs to work on vision and execution - Sales LipoScience Employee Review

2.0
Feb 6, 2014
Recommend
CEO approval
Business outlook

Pros

The technology is good. The office is attractive and set up well. Laboratory Services is a well run department. HR and legal are competent. R & D and science is comprised of some very talented people. 401k match

Cons

The company has recently become Pharma like which is not being well received. Unfortunately, there is a lack of vision. In need of a corporate culture that is driven by shared goals. Ongoing turnover and recent layoffs have resulted in a loss of talent. Poor sales retention strategy. Win a new account and give one up = 0% growth, so you can sell successfully and end up with no bonus. 80% of the sales force is disgruntled and feels negative about the company. Health care is expensive to the employee.

Explore other reviews about LipoScience

5.0
Mar 17, 2019
Recommend
CEO approval
Business outlook

Pros

Great people. Great environment. Appreciated employees

Cons

No Longer in business,bought by labcorp

1.0
Jul 22, 2014
Recommend
CEO approval
Business outlook

Pros

The founder of the LDL-P is a good person who truly has invested his time (life) and passion to bring a better measure of CVD/MI risk than the traditional cholesterol test.

Cons

Dispite the innovation of the NMR and the real potential to save 10s of millions of dollars a year in health care cost, the poor management over the last several years has not only failed the company but sadly the medical community. Patients will continue to have heart attacks that could have been managed appropriately with LDL-P. Out of control spending and poor stock performance caused layoffs. It reflects poorly on the senior leadership and the CFO. Talented people as of this review are gone or going. Remaining employees are milking the salary as long as they can. Very few employees are inspired or excited about the company. There is a serious dissatisfaction with leadership as a result, synergy is a thing of the past. Teamwork, enthusiasm and vision are missing and the cloud of poor insurance coverage and zero sales momentum are stalling any real success. Unfortunately there is no sign of improvement on the horizon. The company has failed to hire the appropriate leaders. The 4 years of solid growth ending in 2012 was delivered by people that are long gone. The sales model is guaranteed to run off the most successful producers with in 3 years.

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