Magic 8 ball: Outlook not so good - Manager RigUp Employee Review

1.0
Mar 30, 2020
Recommend
CEO approval
Business outlook

Pros

Some decent perks around the office. The one nice floor of the office is beautiful.

Cons

I would think long and hard before pursuing an opportunity with RigUp. There obviously was a huge March 2020 layoff (120 people, ~25% of the company) when oil prices and demand collapsed - I was a part of this after only working there a short time. We received a whopping 3 weeks of severance, which is just insulting coming from a self branded top-tier tech company that raised $300M back in October. Even better is that this was done during a shelter in place directive, not particularly the best time for looking for new employment. RigUp either frivolously burned away all of their money or they just don't value their people as strategic assets (or maybe a combo of the 2). Either way - they did this once, nothing to stop them from doing it again. Why would you want to work for a company like this? Additionally, over 90% of their internal processes are driven by google sheets. There is hardly any actual data, no scale, and no automation. For a company with a business growth model that is built solely on the idea of scalability, how will this ever work? (narrator: It won't).

Explore other reviews about RigUp

5.0
Jan 7, 2025
Recommend
CEO approval
Business outlook

Pros

Growing company, positive work environment

Cons

None come to mind. Good experience

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RigUp Response
1y
We are glad to hear you had a great experience during your internship! We aim to provide meaningful projects and opportunities to connect with fellow interns and leadership.
4.0
May 5, 2026
Recommend
CEO approval
Business outlook

Pros

There is lots to learn and work.

Cons

Pay stays the same no matter what.

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