Poorly managed, lots of nepotism, not much accountability - Team Lead POSaBIT Employee Review

1.0
13 Dec 2023
Recommend
CEO approval
Business outlook

Pros

The healthcare benefits are decent Fully remote POSaBIT has some shockingly talented/competent employees who endure a lot of challenges

Cons

Management is very, very poor, and the overall direction of the company lacks transparency or innovation. Many managers and leads are quick to shift blame to overworked employees and also routinely blame "the industry" for their lack of skills or planning. A lack of foresight and cliquishness within the company has created a small group of "in" employees, with everyone else left to suffer or search for other positions...a LOT of people are searching for other opportunities. Nepotism is rife within the company. Family members of the higher-ups are stationed in prominent positions, and friends of the higher-ups are granted positions with little thought to their actual performance or capabilities. The company likes to present itself as tight-knit, but employees are overworked, micromanaged, and feedback is never welcome or considered.

Explore other reviews about POSaBIT

5.0
4 Apr 2026
Recommend
CEO approval
Business outlook

Pros

Great company in a tough industry. They make the tough calls on when to hire or not and manage their budget well. In a normal industry this company would thrive but given the challenges of cannabis it has been hard.

Cons

Cannabis industry is super hard to compete in.

4.0
11 Sept 2025
Recommend
CEO approval
Business outlook

Pros

It was fun while it lasted. Began as a get it done startup with big potential and ended with middle positioned company hitting their industry ceiling. I would describe the overall management as okay. They managed their cash flows well and did not over raise or over leverage like other startups. Good work/ life balance and fun technical challenges at times.

Cons

Stock options were worthless. They mainly promote from within, with a bit of nepotism and half of industry experts they did hire do not last long term given the changing landscape of the industry. This is a service company and not a tech company. No exit interview which speaks to their lack of a self improvement culture.

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