Pros
Good people, good office space, and lunch stipend
Cons
A year ago, Pontera was genuinely one of the best places to work. The team was talented and collaborative, there were clear paths for growth, leadership was engaged, and the product had strong momentum in the wealth management space. That changed significantly over the past year. A large portion of top performers began leaving, and rather than backfilling those roles, the company redistributed the workload onto remaining employees without any corresponding increase in compensation. Teams were also given unattainable quotas for the past few quarters which has lead to low team morale. A few months into the new year, employees received a email at 3:00 am that management was laying off 30% of the company. Some employees who were laid off didn’t even realize they were and had to be informed by their colleagues. On the management side, there have been some internal promotions where individuals moved into leadership roles primarily for the pay increase rather than out of genuine interest in developing their teams. A number of employees feel their managers are more focused on optics with upper leadership than on actually advocating for the people beneath them. There is a noticeable difference in how some present themselves when being observed versus day to day. Availability has also been an issue, with some managers being unreachable on wfh days. That said, there are exceptions and some managers have been genuinely great. Now with more employees looking to leave, they still have not found a way to nurture their current employees and majority of the company is very unhappy (more will leave in the near future). The product is very outdated and had potential to be something great if they focused on updating the features rather than spending money on things that didn’t matter. Fidelity also has played a huge role in this down trend.
