Extremely poor management with no vision - Anonymous employee qplum Employee Review

1.0
2 Apr 2019
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Hard to think of any

Cons

Erratic decisions and extremely poor management. I feel the management team does not know how to manage a team and lacks vision. The company fired 80% of the team at the drop of a hat with no severance pay or anything. And the surprising part is that they were "actively" hiring for multiple vacancies till about a month ago before firing. They did exactly the same with the other company Two Roads. Fancy AI jargon and overfit models will not make money. It got quite toxic by the end of it and probably the investors could read through it as well. I doubt if the current management will ever be able to attract good talent for any future ventures after what they did with qplum and TwoRoads. Beware of the perils of husband-wife team at workplace.

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5.0
6 Nov 2016
Recommend
CEO approval
Business outlook

Pros

I quit PhD in ML to work in applied areas. I have worked in HFT firms, co-founded hedge funds, and finally at qplum, I see that we are working on pure machine learning to solve THE hardest social science problem possible. Everything gets tough when money is involved. ML gets tough too. There are no short cuts in this work and I love it.

Cons

There are no short cuts in this work. Work is very very challenging. One needs to be very methodical.

2
1.0
4 Feb 2019
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Extremely talented colleagues, Good and understanding immediate managers. Opportunity to take full ownership of your work.

Cons

Even though your colleagues are talented and good people to work with, all of these positives are in absolute vain because of the extremely toxic top management. The top management has absolutely no idea what they doing. The company's business strategy take a u turn every six months, whats next are tons of erratic decisions : half made project ideas, erratic hiring, erratic firing, switching teams and all sorts of stupid decisions which perhaps only a person with an unsound business mind would take . Many employees have seen through this hollow vision which the people at the top have and decided to leave, thus greatly reducing the only singular positive attribute about the company. Even at the face of such a high attrition rate, the top management remains apathetic about the situation. What is worse is, rather than accepting their truth that they absolutely have no care for their employees, do not want to answer to anyone and actively wish to cultivate a toxic "finance / trading firm" work culture in order to minimise costs, they pretend to have a "state of the art startup culture" which is employee friendly, completely transparent and boast about having a "flat organisation" where everyone has a say in the key decision making process. The only people who can survive in such an environment are "yes men" who regularly update their asana tasks with irrelevant superfluous details, because apparently asana is the only way the top management can see what is happening on ground. So much for being transparent and flat.

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