Elliptic Reviews

3.9

72% would recommend to a friend

(72 total reviews)
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Simone Maini

74% approve of CEO

68% positive business outlook

Elliptic has an employee rating of 3.9 out of 5 stars, based on 72 company reviews on Glassdoor which indicates that most employees have a good working experience there.

Reviews by job title

72 reviews
1.0
25 Feb 2021
Recommend
CEO approval
Business outlook

Pros

- Some genuinely nice people work here - Fascinating industry

Cons

- Senior Management favour select employees - Their claims to invest in culture are simply a way of glorifying these employees - Senior management will claim to back you then secretly look to get rid of you - I have seen in some of the previous ratings the CEO claiming 30% of the company was put on furlough. This is untrue, most of the US team and a number of the UK team were let go or told by the CEO brutally to find other jobs when put on the furlough scheme. - Their main competitor have a far superior offering

1.0
13 Feb 2023

A wasted opportunity and failure of senior management.

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

The majority of the people are great. Dedicated, talented individuals trying to do their best in an authoritarian, regressive culture. All my interactions with the Founders were great. They seem genuinely interested in their people and are passionate about the mission and purpose.

Cons

I have been fortunate to work in many startups and seen and contributed to building a lasting culture of inclusion and joint focus - this isn't one of those places. The culture of Elliptic is based on non-communication, zero empathy and a rule by fear that stems from the CEO and made worse by emboldened management that want to curry favour. The majority of employees actively fear interacting with her and find communication within the company dehumanising at best. For example, Company updates are often one way reinterpretations of company news where employees are told how they should be feeling about events. A large customer churns? Look at these others and sweep that one under the carpet. Someone leaves the company? Sever their access and edit their goodbye message to maintain the illusion. Have terrible employee engagement feedback? Hamfistedly make out this is good because it's good to be transparent - but then do nothing to answer the underlying causes of that discontent. Any start up that has lost C-level employees should start to ask serious questions of itself. Losing one is a sign that the mission isn't working, losing a CPO, CFO, VP Sales, and demoting the COO all in 6 months is beyond ny attempt to spin. Overly tailored management offsites where the same culture of fear pervades are not an answer to this. People will not give genuine opinions if their only way to communicate with the CEO is to prepare a lengthy presentation that she won't read or take the time to hear all of. Start ups are supposed to move fast, be nimble and test and learn - instead the organisation wants to remove autonomy from individuals beyond a select few. Redundancies by stealth make the rest of the employees feel threatened and pushed to leave - as evidenced by some high profile leavers in recent months. When an overly pressured People team have to deal with predetermined outcomes it only adds to the free falling morale. A culture of blame stifles any will to innovate or to even suggest a different course of action. In certain areas of the business leadership has a "teflon" approach to accountability and it is my opinion that this has led to people leaving the business. Cyclical hire and fire is a lousy way to run any business and other reviews on Glassdoor show this is a pattern. Large layoffs pre and during covid, more lay-offs now after over hiring. So much money is spent unnecessarily or unwisely and then only questioned after the event. From above market rates for contractors and RPO solutions to external consultants and navel gazing workshops that could be replaced with an open and frank conversation - however, people are too frightened to do this.

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Elliptic Response
3y
Thanks a lot for your feedback: we really value the time you took to share your reflections on your experience at Elliptic. At Elliptic, openness, giving and receiving constructive feedback is one of our core value & behavior, so considering different views is important to us. We really appreciate your honesty and we are sorry to see this is how you experienced working with us. We also know that this is not how most Elliptites experience the company today; nevertheless, we are taking your feedback on board and will learn from this.
2.0
17 Jan 2022

Zero work/life balance

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Really smart people and if you can keep up, you can learn a lot quickly

Cons

It's unlikely you'll keep up without giving up your life. There is no way to say no to anything here, everything is a priority and everything has to be done yesterday. They have a very weird clique going on consisting of the people who started first there, an extremely unhealthy competitor relationship and really little work/life balance. The industry is volatile and the company does not know how to handle that in their workplace - that was clearly shown when covid hit and they fired half the company overnight. In the world of crypto - you can find better.

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Elliptic Response
4y
Thank you for sharing your thoughts about your time at Elliptic, I am saddened to hear the experience you have had. We work hard to create an engaging and positive culture and work environment but, of course, we don't get it right all of the time and I'm truly sorry your experience was the opposite of what we try to create. While responding to the challenges brought by the pandemic, we had to make some difficult decisions. While this was a while ago, given the nature of your feedback, I would really value the opportunity to speak with you directly and gather more specifics if you're interested. If you would be open to speaking, please reach out directly on coo@elliptic.co, I would sincerely value the time to connect. Alternatively please speak to another member of the team if you would feel more comfortable with that approach.
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Glassdoor has 78 Elliptic reviews submitted anonymously by Elliptic employees. Read employee reviews and ratings on Glassdoor to decide if Elliptic is right for you.