21% positive business outlook
Pros
The customers and product is good.
Cons
Company direction by the CEO is not.
Pros
I absolutely loved my team and many of my co-workers. They are some of the kindest, hardest-working people I've met. Everyone really brought their best despite little recognition or support. They were very generous to me at times that I really needed support, but I attribute a lot of that to my boss and team, not everyone was so lucky.
Cons
Leadership is incredibly top-heavy, fickle and set on finger-pointing. There are so many VPs, so little communication and a constant need to cover themselves. I have been through several rounds of layoffs where wonderful, important people were pushed out, to save mediocre, overpaid white men. I approached HR multiple times about a difficult employee who showed extremely problematic behavior towards women and minorities, including CUSTOMERS, and was frequently ignored. This person was later fired for using a racial slur to a black employee. It was known that several men in HIGH-level positions harassed women at work, were openly hostile and discriminatory, one even watching pornography on work computers. Nothing was EVER done about this. Again, we were seen as the problem and told to look at our own behavior as women. During Black Lives Matter protests I reached out to HR about ways to diversify our staff, implement diversity training, and reach out to employees of color. All of that was again ignored, further alienating women and people of color on staff. It was an abhorrent scenario that I can't believe still exists in 2021. The current CEO is padding the executive team and board with more white men who don't know what they are doing and alienating long-term staff. I wish all my co-workers the best, but I hope there is a day of reckoning for leadership.
Pros
The people - some more productive than others, some more experienced, but the culture and vibe in the office was great - unfortunately long gone. Good benefits, half-day Fridays, 30 days PTO, hybrid work environment.
Cons
CEO, CEO, CEO. Really admired Joe for a while, but his true colors are ugly. Terrible leader, thinks of himself as a great deal maker/team builder/seller and none of those are true. Drove the company into the ground! (what else do you call a CEO who joins a company with ~$4 stock, now delisted and pink slip trading at $0.01?) Terrible idea to have a company like this publicly traded. Starting a tech start-up within a public company again shows the lack of business acumen from Joe/the board. The board is as much to fault as the leadership in the company - they've let this whole process run its course - running up debt, multiple layoffs, drastically declining morale, and yet continue to reward c-suite handsomely.
Pros
most of the people, product, culture
Cons
CEO was inexperienced and brought on other wanna be execs that just had no idea how to create value
Pros
Company has wonderful people. It also has a few good and innovative ideas.
Cons
The good ideas aren't promoted, Instead, CEO's outdated bad ideas he had from another company get all the press and ultimately sank the company. CEO Grade would be D-. Ability to raise capital: B+ to A- Charisma: A Vision for company: F Strategic Plan: F Understanding Market Fit: F Ability to solicit alignment within the company: D Hiring the "right" people: D Ability to Run Public Company: D
Pros
The downtown Madison office location is great, especially in warm weather. The rank and file workers at Sonic Foundry are good people, and good coworkers.
Cons
It's a good place to work if you're a white male. Hardly any non-white employees, and it seems to have a problem with women in positions of authority. During its latest round of layoffs in the fall of 2020, 2 female VP's with years of seniority left the company. Female CFO also just resigned. New CEO is from DeVry University, a for-profit organization with a reputation for predatory lending practices and targeting veterans and low-income students. (I am not allowed to include an HTML link, but please read CNN story "DeVry will refund $100 million to students to settle FTC lawsuit") Company is trapped in a cycle of decline, retrenchment (attrition, layoffs, benefit suspension), and only brief periods of turnaround. No sustained growth. (This is a publicly traded company, so their financial performance is public record). Middle management practices Kiss Up, Kick Down management. They are only there to carry out executive decisions. They're unwilling or unable to address the concerns of individual contributors or protect their team's jobs. The company is shrinking, not growing, so there is no room for advancement unless someone quits, and they absolutely have to fill the position. Attrition is the norm - if they can get by without filling a job, they will, and the workload is spread among the remaining team.
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