A disaster in the making. - Senior Finance Manager Exela Technologies Employee Review

Great pay, Great hours, Great Atmospher

Being in the dark about changes,

Santa Monica (corporate) office has a chef. Lunches are homemade and delicious. Fantastic hours: can arrive at the office around 10:30am and leave around 5:30pm.

There is no work to do 90% of the time. Employees are paid to go to the office so that the office appears "full" for the one in-person meeting the CEO has per week. There were multiple months where I received/sent less than five emails per month. All strategic initiatives were positioned as grandiose by the CEO; after each initiative was discussed, it was never raised again and no work was done. The only initiatives that were actually pursued were those related to trying to trick lenders into extending Exela, a highly-distressed company that was heading toward bankruptcy, additional debt to pay off the interest payments of its existing debt facilities. However, I imagine (and hope) Exela operates differently once it emerges from bankruptcy this summer (2025).