PE parent cares only of doubling value - Anonymous employee Rewards Network Employee Review

1.0
Jul 22, 2013
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Met some fun people while working at RN. It seems for the most ambitious people it is a stepping stone for "the next big job". If you have a great big career ahead of you this is one quick stop on the way

Cons

Mid-july 30+ people were laid off. GONE. severance package was laughable. morale quickly plummeted for those who were left. No one is loyal to this loyalty company anymore. The CEO "retired". I'm sure he was pushed out. SVP of sales got a better deal. senior managers have been quitting every month in 2013. Two more SVPs were let go during the layoffs. low level managers are now reporting the chaiman of the board in some departments. I cannot imagine a worse place to work than RN right now. The board who bought RN two years ago thought they could double the value nearly overnight. 2 years later the company is still stagnant, so instead of putting the burden on the sales team, they let go 30 innocent corporate employees. Maybe when they see the value double they'll be more interested in retaining valuable workforce.

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Pros

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Cons

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1.0
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Pros

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Cons

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