ThoughtExchange reviews

3.7

60% would recommend to a friend

(102 total reviews)
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George Psiharis

51% approve of CEO

35% positive business outlook

ThoughtExchange has an employee rating of 3.7 out of 5 stars, based on 102 company reviews on Glassdoor which indicates that most employees have a good working experience there. The ThoughtExchange employee rating is in line with the average (within 1 standard deviation) for employers within the Information Technology industry (3.9 stars).

Reviews by job title

102 reviews
2.0
Jul 8, 2020

Lacking diversity of thought

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

They support remote, flexible work, great product with lots of potential, good promotion of work-life balance

Cons

They use remote work as a reason to pay less. If you don't drink the cultural "kool-aid", then you're set up to fail. They say they're about diversity, but actually look for homogenous values and opinions. Career opportunities are constrained to those that the leadership team like and agree with, rather than those who bring fresh perspectives and could be excellent at their jobs. People seem to randomly get fired if they think outside their box. Lots of nepotism. If you are friends with the CEO or President, then you are impervious to feedback. If you're not, your an outsider and your opinion means less. You can complete nothing in light of the fact that there's no structure or procedure. They consider themselves a "startup" at 150 individuals, which feels increasingly feels like a reason for everything being a wreck. It's depleting and keeps you from carrying out your responsibility as you ceaselessly need to become familiar with a reconsidered procedure or tool.

1.0
Jun 9, 2021
Recommend
CEO approval
Business Outlook

Pros

-Company was pro-remote even before Covid. -Some incredibly nice and talented people at the company. -A (theoretically) flexible work schedule.

Cons

TL; DR: 1. The company functions like a chaotic startup, not a 10+ year old company. Processes and organization should be much farther along by now. 2. Prepare yourself to spend more time talking about how to do something (and why it should be done) than actually doing it. 3. An unshakeable feeling of nepotism at the top, which another reviewer mentioned. Example: the CEO has a few handpicked people with job titles that sound made up. Nobody seems to know what some of them do for the company. 4. The company‘s reporting structure is driven by popularity and optics. You’ll probably report to someone who’s “nice” but has little time or experience to actually help you. As other reviews have said, if you know what you’re doing, you’re in for a ton of frustration getting anything done. The company has a weird “agreement culture” which fences in anyone who’s trying to do their actual job. It’s ironically the most repressive form of decision making I have ever seen. “Agreement” lets anyone at the company not only weigh in on but obstruct whatever you’re working on as they see fit. It doesn’t matter whether or not they work on your team, or if they even have any knowledge or experience in that area. It’s impossible to keep momentum on a project because of the constant holdups, interruptions, and useless back-and-forth. Even after that, there’s often last-minute chaos and panic because a latecomer suddenly doesn’t “agree” with what you’re doing. And you’re stuck doing everything all over again. And again. And again. Most of the company knows that agreement culture doesn’t work. Having an idea “survive agreement” is a running joke, presumably because of the company’s growing graveyard of great ideas that never make the cut. Agreement culture gets raised as a problem again and again in company meetings, which the CEO waves off as some widespread lack of understanding or enlightenment. It’s an odd move for someone currently plugging his book on how leaders need to listen to their people more. I can only guess the CEO is either trying to convince himself that agreement culture isn’t the terrible idea everyone says it is, or is happy running the company as a two-class system. I say this because despite agreement culture being a “core value”, the leadership team is notorious for skipping the process in favour of uninformed action. They hire brilliant people not to lead, but to blindly execute on half-baked ideas or clean up the aftermath of bad decisions. I get that leadership sometimes needs to act quickly, but I’ve never worked at a company whose core values are so heavily conditional and negotiable. By far though, the most toxic side effect of agreement culture is the number of meetings it creates — good luck if you enjoy being productive. I was often stuck in meetings for upwards of 20 hours per week, while still expected to produce full-time level work on top of that. Even my teammates admitted to me that they frequently have to work until midnight just to get things done. As of when I left, nothing was being done about it other than leadership constantly “re-educating” people on the “benefits” of agreement culture. The problem‘s only getting worse, and I don’t have much hope that’ll change. I love the people I worked with, which is why it makes me sad that leadership, for all their warm and fuzzy platitudes, is ultimately failing them. There’s no sense of direction, strategy, or accountability at the top. If you do choose to take a role at ThoughtExchange, trust me: It’s in your best interest to keep at arm’s length, breathe through the frustration, and let it be “just another job” and nothing more.

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ThoughtExchange Response
4y
First and foremost, thank you for taking the time to leave this review. We frequently hear from prospective new teammates that what is written on our Glassdoor page helps them gain perspective on what it’s really like to work at ThoughtExchange, so your candid feedback is valuable and has been seriously taken into account. We are really glad to hear that you enjoyed the ability to work remotely at ThoughtExchange. As you know, our company has been entirely distributed, with no headquarters, for over a decade. I and the leadership team hope that our enduring experience with this style of work translated to your positive experience with it. Also, while unsurprising, it is great to hear that you enjoyed working with the incredible individuals that make up our team, during your time at ThoughtExchange. The points you have made regarding our commitment to organizational alignment in decision-making have been noted. Our leadership team is currently working hard to scale how we include all voices in a more efficient manner to align with our success. This is, admittedly, an ongoing challenge as the company grows so rapidly. That said, we have never shied away from difficult or challenging things, and we are serious about respecting people's rights to their voice. Valuing and operationalizing the right for people to have a voice is a tough nut to crack, and doesn’t scale perfectly. But myself and the team at ThoughtExchange think it’s something always worth fighting for. We will continue to do all that we can to include all voices whether it’s via existing and new processes and sharing monthly updates on all things strategy, performance, culture and business, encouraging anyone to comment or ask questions openly. Just last week we held an all-company session to address our decision-making model with the goal of ensuring all voices aren’t lost—but neither is time. We are also in the midst of rolling out a structure to try to mitigate “meeting overload,” which you mentioned. We plan to continue to look into this issue with a measured, slow-if-necessary approach, including as many voices as possible to ensure we are getting it right for all so we strike the right balance, so people can feel they are getting an optimal balance of collaboration and productivity. Again, we appreciate that you have taken the time to voice your thoughts here. We take all feedback seriously and continue to strive towards becoming better leaders and a better company. If you have any further thoughts I’d be happy to connect offline. Posted on behalf of Dessalen Wood, Chief People Officer
2.0
May 14, 2021

A rocketship that's tied to the ground

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)
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Glassdoor has 114 ThoughtExchange reviews submitted anonymously by ThoughtExchange employees. Read employee reviews and ratings on Glassdoor to decide if ThoughtExchange is right for you.