CMC Markets Reviews

A once really nice company to work for is now in complete disarray, incredibly toxic and rotten to the core largely due to CEO who was once expelled by the Conservative party as part of a Cash for Access scandal in 2012 and has since been admitted into the House of Lords despite objections from the watchdog for access to the house of Lords. There is no direction, projects are not well thought through and management change their minds constantly flipping from one thing to the next with little thought of the consequences. The company is run like a dictatorship and the share price reflects this. Additionally there absolutely no regard whatsoever for employees and their welfare. Flexible working arrangements were removed with four days notice in the middle of school summer holidays with no exceptions. Lots of people joined on the provision of flexible working however this "benefit" was removed. Mass redundancies have since followed and morale is at an all time low. People are actively and openly discussing leaving the company and I really don't blame them. The office is also egregious, it's akin to sitting in a dungeon. There is next to no natural light, the office chairs are falling apart, the tea/coffee machines are not working more often than not. GB news is also displayed on the TVs around the office which says an awful lot about the company and their values. The Glassdoor score and share price plummeting says an awful lot about this company and where it is heading.

Contempt for its staff, creating a vacuum between management and the people, caring only about its public image, this is CMC in a nutshell If markets aren’t doing well, it can happen. But to blame it on the people who worked hard to keep it running, especially during the company’s good years around 2020/2021, it’s disgusting If you wish to get people back to work full time in the office, that’s your choice. But giving people 5 days notice to adjust established plans and routines to fit this new norm, that screams derision If headcount needs to be reduced, it’s unfortunate but is not uncommon. But to be on the crest of a hiring spree and bring in people who’ve served notices at their last place to then be told they no longer work here after a week of starting is despicable Sidestepping questions from the employees and giving generic answers in the hopes of palming them off is akin to shoving a dummy in a baby’s mouth in the hopes of keeping them quiet, it’s disgraceful The company wants the people to work full time in office with no WFH flexibility in order to increase collaboration and availability. What metrics are they using to gauge this? Team manager discretion. Demented