Pretty bad ethics company - Senior Technical Consultant ION Group Employee Review

2.0
18 Jun 2019
Recommend
CEO approval
Business outlook

Pros

Colleagues with great work ethics, skills and good teamwork

Cons

ION's strategy is to buy companies to create a mega-group in Treasury and Financial software with a dominant position. After buying a company, they typically stop all investments in it, shrinking engineering resources, and lay off most of the sales teams. With shrinking teams, there is almost no mobility in the ION group. To make it worse, they impose non-compete clauses (1 year at competitors, 6 months at customers), which makes it difficult to leave the company, because most Fintechs are competitors. Hence, the group is full of people who are locked in place with no prospects internally, and which teams have been shrunk, driving the morale low. At the top level, the CEO makes a habit of yelling at his direct reports (or even below them), creating a culture of fear downwards. That participates to the static culture of the group, as people are generally afraid to propose any change. Customers can be also very frustrated as many contractual negotiations need to go through the CEO, slowing things down. The CEO has been known to engage in bad business practices, taking advantage of the dominant position when he could. Work/life balance isn't so bad, unless you are put on a high-stakes project, followed directly by the CEO, and then you're supposed to put 60+ hours a week.

Explore other reviews about ION Group

5.0
13 Apr 2025
Recommend
CEO approval
Business outlook

Pros

Good culture, flexible career options, work-life balance

Cons

A little difficult to pivot into different teams

1.0
12 Jun 2026
Recommend
CEO approval
Business outlook

Pros

I get to work from home and have a grand-fathered in unlimited PTO policy. And that's about it.

Cons

RUN. This is just a horrible company to work for. Either you are living in constant fear of being fired or you are so overworked you feel like you have to work 60 hours a week just to do the bare minimum. The CEO, Andrea, is just gutting everything, doing mass layoffs over and over again. He has no clear visit for the company, goal posts keep changing, and everyone is setup to fail.

3
See reviews by: Helpful|Rating|Date|All