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Augme Technologies, Inc. Message Board

  • mobileguru20000 mobileguru20000 Apr 18, 2012 1:56 PM Flag

    Velti employee comments

    Here's an example of what I was referring to.

    Velti Senior Executive: (Current Employee)

    “company well positioned with autocratic management and toxic culture. If you have the choice don't work for them!” 3 of 3 people found this helpful

    Pros

    good office location
    international presence
    mobad has great potential as a business
    good networking opportunity with people from brands, agencies, mobile carriers and media
    good experience for your resume
    Cons

    - lack of leadership at all management levels who exercise excessive aggression in their dealings with subordinates.
    - incompetent, and in many cases unethical, management in the way they treat their employees.
    - high employee turnover at all Velti offices as a result of bad mgmt practices: aggressive and bullying behavior, employee intimidation, company politics to list a few of them.
    - HR as a function at Velti is totally inefficient to establish ethical standards with strong values and respect for the individuals and intervene to inhibit unethical practices
    - Management are consistently misleading internal and external stakeholders about company results and direction.
    - opportunistic biz dev and sales approach leads to ambiguous results, customer frustration and increased overhead costs. All of them, increase tension and friction among the various parts of the organization which results in lack of trust and respect among employees.
    - lack of real communication between senior management and employees. At best, it's one way communication, top-down.
    - Inefficient short and long term incentives for employees at all levels. It's very unclear from the management (that's a polite statement) what individuals and teams need to do to get their bonuses As a result, hard negotiations will follow at year end from which an employee may only lose.
    Advice to Senior Management

    The company needs immediate radical transformation that will take a lot of time and effort if they are to succeed in this business. The current management are not up to the job and "someone" has to intervene to put the company back on track before it's too late. Till then it's a hopelessness situation, I'm afraid.

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    • Here's another one:

      "Here's an example of what I was referring to.

      Velti Senior Executive: (Current Employee)

      “company well positioned with autocratic management and toxic culture. If you have the choice don't work for them!” 3 of 3 people found this helpful

      Pros

      good office location
      international presence
      mobad has great potential as a business
      good networking opportunity with people from brands, agencies, mobile carriers and media
      good experience for your resume
      Cons

      - lack of leadership at all management levels who exercise excessive aggression in their dealings with subordinates.
      - incompetent, and in many cases unethical, management in the way they treat their employees.
      - high employee turnover at all Velti offices as a result of bad mgmt practices: aggressive and bullying behavior, employee intimidation, company politics to list a few of them.
      - HR as a function at Velti is totally inefficient to establish ethical standards with strong values and respect for the individuals and intervene to inhibit unethical practices
      - Management are consistently misleading internal and external stakeholders about company results and direction.
      - opportunistic biz dev and sales approach leads to ambiguous results, customer frustration and increased overhead costs. All of them, increase tension and friction among the various parts of the organization which results in lack of trust and respect among employees.
      - lack of real communication between senior management and employees. At best, it's one way communication, top-down.
      - Inefficient short and long term incentives for employees at all levels. It's very unclear from the management (that's a polite statement) what individuals and teams need to do to get their bonuses As a result, hard negotiations will follow at year end from which an employee may only lose.
      Advice to Senior Management

      The company needs immediate radical transformation that will take a lot of time and effort if they are to succeed in this business. The current management are not up to the job and "someone" has to intervene to put the company back on track before it's too late. Till then it's a hopelessness situation, I'm afraid."

    • Velti Senior Executive: (Current Employee)

      “company well positioned with autocratic management and toxic culture. If you have the choice don't work for them!” 3 of 3 people found this helpful

      Pros

      good office location
      international presence
      mobad has great potential as a business
      good networking opportunity with people from brands, agencies, mobile carriers and media
      good experience for your resume
      Cons

      - lack of leadership at all management levels who exercise excessive aggression in their dealings with subordinates.
      - incompetent, and in many cases unethical, management in the way they treat their employees.
      - high employee turnover at all Velti offices as a result of bad mgmt practices: aggressive and bullying behavior, employee intimidation, company politics to list a few of them.
      - HR as a function at Velti is totally inefficient to establish ethical standards with strong values and respect for the individuals and intervene to inhibit unethical practices
      - Management are consistently misleading internal and external stakeholders about company results and direction.
      - opportunistic biz dev and sales approach leads to ambiguous results, customer frustration and increased overhead costs. All of them, increase tension and friction among the various parts of the organization which results in lack of trust and respect among employees.
      - lack of real communication between senior management and employees. At best, it's one way communication, top-down.
      - Inefficient short and long term incentives for employees at all levels. It's very unclear from the management (that's a polite statement) what individuals and teams need to do to get their bonuses As a result, hard negotiations will follow at year end from which an employee may only lose.

      Advice to Senior Management

      The company needs immediate radical transformation that will take a lot of time and effort if they are to succeed in this business. The current management are not up to the job and "someone" has to intervene to put the company back on track before it's too late. Till then it's a hopelessness situation, I'm afraid.

    • Velti Anonymous: (Past Employee - 2010)

      “Major Changes Needed” 6 of 6 people found this helpful

      Pros

      Good CEO vision in the mobile marketing and advertising space. Excellent growth market and good place for a free education in this space.
      Cons

      Unable to execute. Poor project management, failed customer delivery, sloppy internal and external communications.

      Over commits and under delivers. Almost all customers 100% dissatisfied. 85% of employees dissatisfied.

      Not structured to deliver to the demands of the U.S. market. Used to delivering to underdeveloped and less sophisticated countries/markets. Not equipped at any level to handle the big boys in the U.S.

      Believes that if they keep saying 'we are the best', out loud, over and over again that it will miraculously happen.

      Weak career pathing, low-end benefits package, extremely political environment, can't get out of its own way to make appropriate changes. A few at the top are the company's nemisis... Instead of laying off/firing excellent quality and experienced people quarterly - they should remove at least 3 unnamed exec's who are obviously over their heads and bring in professionals who know what they are doing without the politics and self-serving ('self-serving') decision making...

      Advice to Senior Management

      Bring in new leadership. It's time.

      • 1 Reply to mobileguru20000
      • Velti Anonymous in San Francisco, CA: (Current Employee)

        “Velti will probably fail” 5 of 5 people found this helpful

        Pros

        Location, location, location! Right in downtown San Francisco. Great transportation, great bars and restaurants.
        Cons

        - No planning. There is no annual business plan, which makes it impossible to come up with a departmental plan, yet you are expected to.
        - Worst senior management ever: no communication, no transparency, no fairness.
        - Sales expected to sell product that doesn't exist, Delivery expected to implement product that doesn't exist. Product implementation of what does exist is sloppy.
        - Very bad cross-cultural relationship with HQ in Greece.
        - Performance reviews late, no annual pay increases, stock options not delivered, bills paid late.
        - Seemingly random layoffs of large swathes across the company--two in the last year.
        - Very unhappy employees make for a toxic atmosphere. Even if you are doing work that somewhat satisfies you, it is impossible to be happy at Velti.
        Advice to Senior Management

        Velti needs professional CEO and C-level suite, preferably seasoned people from Silicon Valley. This is a company that has potential to move forward, but not at the state it is in.

 
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