A rocketship that's tied to the ground - Anonymous employee ThoughtExchange Employee Review

2.0
May 14, 2021
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

ThoughtExchange made remote work as part of its founding dna, and is really good at it. The company has unusually good gender balance for a high-tech firm.

Cons

Thoughtexchange has a recurring habit of hiring bright, creative people with expertise in a sought-after area, then making them ineffective by burdening them with a decision-making process that requires widespread agreement about the very things they were hired to do. Many good ideas never see the light of day because of a lack of clarity as to roles and decision-making scope, an important consideration for you as a prospective employee. As it stands, the result is an ok product that has taken years to release a new major revision, while competitors pivot more quickly to take advantage of emerging market opportunities, and add features and integrations that are leaving ThoughtExchange behind. The company is sustained by heroic efforts from sales and customer success, who take hours, days, and weeks to nurture customers on how to discover the nuggets of unique value buried in the product, while the company fails to master how to scale, burning through cash, and through people.

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ThoughtExchange Response
5y
ThoughtExchange was built on the foundation on inclusive leadership, where, like our product, we aspire to the notion that those impacted by a decision are included in that decision. Scaling this from 50, to 100 to now close to 200 has had some challenges and created some frustration with how this is interpreted and applied. We have received feedback that this kind of decision making can feel hard and that it’s not right for everyone. While our commitment to inclusive leadership is a key principle for us, how we are doing it can and should evolve, and the feedback does impact our internal dialogue. We are working on adapting how we do this, and that includes working with leadership and all of our teams to create the vision for the future of our culture. Thank you for sharing your experience with us. Dessalen Wood, Chief People Officer (posted on behalf of Dess)

Explore other reviews about ThoughtExchange

5.0
Dec 19, 2022
Recommend
CEO approval
Business Outlook

Pros

good company culture, flex working time

Cons

some meetings are not necessary

3.0
May 16, 2015
Recommend
CEO approval
Business Outlook

Pros

The work-at-home approach seems ideal. The permanent staff are very supportive and helpful. The company paid for gatherings to foster better personal connections.

Cons

They treat new hires a bit frivolously. After being told for six months that I was doing good work, I was laid off with about a week's notice. Within a month, three other employees were let go in the same fashion. While the company's online engagement process has attracted an exceptionally high initial participation level for their clients, the follow-up engagement levels drop dramatically (usually over 50%). If participants felt that the initial engagement was authentic, participation should rise not drop. This suggests some vulnerability in the company's business model.

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