They have recently fired 60% of their work force. - Anonymous employee Lab49 Employee Review

1.0
18 Oct 2023
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

If you are freelancer and looking for short term projects than it is good.

Cons

They have recently fired 60% of their work force.

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Lab49 Response
2y
Thanks for sharing your feedback. The markets for technology services and banking in 2022/2023 have been challenging across the board. We are proud to say that we weathered the storm - layoffs have impacted less than 10% of our workforce, and we always ensure that each person is looked after on exit. We're glad you were able to enjoy your short-term projects!

Explore other reviews about Lab49

5.0
16 Sept 2024
Recommend
CEO approval
Business outlook

Pros

- Working groups around Blockchain, AI, and other interesting topics - Book Club - Open and transparent leadership team

Cons

- Uncertainty around what you will be working - Can do a great job on a project, and still be left on the bench when it is finished

2
4.0
26 May 2026
Recommend
CEO approval
Business outlook

Pros

Hiring is well-gated, so you'll work with smart people. Projects are exclusively in finance so it's a great place to gain exposure in that industry. You operate with a good amount of autonomy.

Cons

It's a consulting company, so engineers are only valuable if they're billable. That means your success is tied to someone else's ability to secure a pipeline of work for you, or your own ability to upsell at your engagement - which may or may not be up to you no matter what you do. There isn't a dedicated sales team at Lab, so this can get spotty. Upper management's presence is felt in seasons - non-existant for months at a time, all over everything the next. They were nowhere to be found as AI got rolled out massively in 2026 and we got caught without a strategy and action plan - either for leveraging internally or for pivoting our model.

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