Greenbits Reviews

3.6

69% would recommend to a friend

(43 total reviews)

Barry Saik

28% approve of CEO

65% positive business outlook

Greenbits has an employee rating of 3.6 out of 5 stars, based on 43 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Greenbits employee rating is in line with the average (within 1 standard deviation) for employers within the Retail and wholesale industry (3.5 stars).

Reviews by job title

43 reviews
1.0
10 Mar 2020

The Worst Company I Have Ever Worked For

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

There are no pros. It's a miserable place to work.

Cons

They just laid off 40+ hardworking employees because they ran out of money. They gave no warning and let people come into the office on Monday, but cut off all access. The CEO then delivered the driest, non-empathetic address to people losing their livelihood I have ever witness. Saltine crackers have more emotion. My guess is this company has a good 2 months left before the bite the bullet. Beware at all costs. The new CEO is purely evil and would (and probably already has) sell his soul for $2 bill.

avatar
Greenbits Response
6y
Rory here - Thanks for sharing your thoughts on last week. It was an immensely difficult decision for our team to make, and not one that was done lightly. It's unfortunate that your long tenure here had to come to an abrupt end, and I'd like to wish you the best of luck moving forward. It's a tough time for everybody, but especially the teams affected.
1.0
13 Mar 2020

Mass lay-off with no empathy

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Networking with those who saw each other’s worth.

Cons

This is prompted by their execution of a mass lay-off that they are lying to their customers about. They showed blatant disrespect to the people who had invested so much in the company’s short and ending lifespan. People who built the teams that made each day happen and trained those who could hope to obtain their knowledge are now gone because they cannot afford to support their unethical practices. The new CEO could only quantify his emotions as “it sucks” hours after the lay-off in a meeting that most people did not have access to because IT revoked access before the people laid off could actually be told so. Finance blamed the beer *they* choose to buy for the teams as a reason they had no money. They’ve dismantled their entire operations team. This is a month before 4/20, the cannabis holiday, when customers continue to feel the pain of their system going down in 2018 on the busiest day of the year. The POC ratio is at a measly 20% now. They never made women a priority in leadership, and this is more prominent now than before the lay-off. I won’t get into the rest of the fallout and what light they have shown they choose to stand in. Avoid them.

avatar
Greenbits Response
6y
Rory here - I appreciate you sharing your perspective here. We made a very tough call, and it is never easy to say goodbye to team members. While I'm unsure whether you're still employed here, I'd like to wish you the best of luck moving forward.
1.0
14 May 2020

Crippling Misalignment

Recommend
CEO approval
Business outlook

Pros

* Interesting market. Cannabis is a wild-west type thing and so it's cool to be a part of something that is actively being defined while you work on it. * Given the number of newly empty seats, I bet there are career opportunities. I'd be lying if I told you that you'd enjoy them, though.

Cons

* Transparency is a core value for the company, but to be surprised by a massive layoff means that this transparency isn't real. * You cannot succeed as a company by being reactive, and leadership is constantly changing direction. The number of half-complete projects there is astounding. * Laying off the people that were willing to tell you a plan was a bad idea (vs simply saying okay and doing it) was a mistake. This has been a consistent pattern, and it means you are surrounding yourself with yes-men. * There are repeated numerous promises around compensation, benefits, bonuses, option grants, promotions and title changes. Extra work is paired with the promise of one (or many) of those, and months will go by, ending in a layoff rather than a follow-through. They demand results of your work, you should demand results of their promises rather than trusting them to meet their end of the bargain at any future date. * Shrinking your workforce is one way to increase your runway, but the other one is to find ways to work with more focus, trust your employees (especially the long term ones or the ones you have asked to lead teams) about the projects that need to be completed, and then give them the time to get that work done. Why ask for someone's opinion if you are going to railroad them anyway? Either ask and act, or save the time and dictate. Honestly I'm just gonna stop there because I feel like I am beating a dead horse.

Viewing 1 - 3 of 43 Reviews

Glassdoor has 44 Greenbits reviews submitted anonymously by Greenbits employees. Read employee reviews and ratings on Glassdoor to decide if Greenbits is right for you.