Great idea, great people, ruined by incompetent CEO with extremely toxic behavior - Anonymous employee Versatile (CA) Employee Review

1.0
Apr 26, 2023
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Salary was ok, sales commissions were respectable (on paper). The majority of people have a great passion for what they do and were pleasant to work with. There were some wicked smart and talented brains that really know what they are doing.

Cons

Everything else. Insane work hours, no balance, unrelenting demands. Single point of failure stifling all aspects of business. CEO extremely narcissistic and would never stop to listen thinking she had all the answers. Referenced herself in comparison with Steve Jobs or Elon Musk at one point. Take take take behavior, no rewards or appreciation for employees. Empty words, broken promises. Maintained broken sales and business strategy. Did not listen to her own leadership team (most gone now). Commissions not paid as excuses and targets changed or were never attainable to begin with. Excuses on failures. Lies and deception. Many reached breaking points or quit on their own as they grew tired of it all. Top down behavior brought out frustration in most. No more C suite - would imagine new hires likely will leave in short order once they see reality. Others stick around waiting for market to get better. Significant voluntary attrition at no fault of leadership team. All quite sad as company could have been amazing.

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Versatile (CA) Response
2y
Thank you for your feedback! We highly appreciate your feedback on our hiring team's effort to hire such good people to work with. We put lots of effort into finding the right people alongside finding the best employees. We understand that our high-speed industry pushes us to adjust. As a company as teams and as individuals -therefore from time to time we need to observe whether our current structure fits our challenges and create better conditions to reach our goals with satisfied employees. We are not there yet, but we are definitely on the high way to get there and our current employees are the best evidence for that. In terms of work-life balance, we recognize this is a crucial aspect of employee satisfaction and overall well-being. We created a flexible hybrid model in IL which helps our employees to get the right balance they need. We also offer flexible working options, including remote work (IL) and flexible hours (IL & US), to help employees balance their personal and professional responsibilities more effectively. We also strengthening our internal feedback mechanisms, such as regular check-ins, anonymous surveys, and open forums, to ensure that employees can voice their concerns and suggestions. We are committed to listening and taking action based on this feedback. Thank you for such detailed feedback. You help us grow better.

Explore other reviews about Versatile (CA)

5.0
Jun 15, 2021
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

The company has an office in Los Altos with a distributed team across the US, and an R&D center in Tel Aviv. The leadership managed to create a great culture even though many people have never met and I feel close to many of my colleagues. This is a team of winners. The founders managed to pull top talent so it feels like everyone is pulling each other to new highs. The customers love the product which is a great feeling.

Cons

Company in hyper-growth, employee number tripled in the past 7 months and probably will again over the next year.

3
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Versatile (CA) Response
2y
Thank you for your feedback! We acknowledge that our product is an industry game changer, but we know we couldn't done it without our people. We believe in finding the right people, providing the right tools, and creating the best environment to learn and grow, so during chaotic periods such as organizational changes - we will be able to overcome our challenges. We believe in transparency and are committed to communicating when we are in good times, but also (!) when we are not. People leave when trust is broken.
2.0
Sep 21, 2022
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

The people are friendly and helpful overall.

Cons

Lack of transparency between Tel Aviv and Los Gatos offices. Micro-managing, controlling and erratic CEO. Org lacks clear organization and communication. Mediocre pay and benefits.

1
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Versatile (CA) Response
2y
Thank you for your feedback! We acknowledge that our product is an industry game changer, but we highly appreciate your feedback on our hiring team's effort to hire such good people to work with. We put lots of effort into finding the right people alongside finding the best employees. We do believe in transparency and communication and we've done a lot to improve in it, Though there are always blind spots during organizational changes so thank you for bringing this to our attention. Since January 2023, we have been doing two times a year compensation research through ongoing third-party market research. By this, we ensure all of our employees are being compensated fairly and appropriately and we make sure our compensation and total rewards are aligned with the industry standards. Thank you for helping us to learn from your feedback.
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