Rotting from the top. - Anonymous employee Anchore Employee Review

2.0
24 Mar 2023
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Until early 2022, I recommending this company to everyone! Competent and kind leadership for the most part (with some exceptions, including the CEO) plus wonderful/intelligent individual contributors and a product with decent potential.

Cons

Too much ego at the top and a CEO that has serious shortcomings that the rest of the leadership team must stop covering for. Between two significant rounds of layoffs in 2022 (and subsequent attrition), the company not only lost a majority of their competent talent and then blew their budget re-hiring and attempting to retain the remaining critical talent needed to keep the lights on. Very little transparency from the top down (internally "we're about to close a B-round!" and externally on LinkedIn about cash profitability whilst planning a significant RIF). The "core values" of kindness, ownership, and openness are all a smokescreen and are never actually at the core of any decision. There were (and still are) good, smart, kind people at this company, but with the current CEO in place, the company will continue to bleed out.

Explore other reviews about Anchore

5.0
31 Mar 2023
Recommend
CEO approval
Business outlook

Pros

They have a good work environment.

Cons

Not enough potential for growth.

5.0
6 Apr 2020
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Anchore is a rare gem in the tech startup world. The co-founders (CEO and CTO) have structured and methodically built this company from the ground up with the clear goal of growing to become a sustaining, independent company, rather than getting it off the ground enough to make a quick sale to someone else and then go on to the next thing. It's really nice to have that transparency as an employee and know that everyone is working towards that common goal. Our executives genuinely care about our employees (embodied in our values of kindness, openness, and accountability) and want them to grow both professionally and personally. Our jobs are incredibly challenging and our leadership support is incomparable to any company I've worked for (and I've been everywhere from some of the top names in tech to mid-size startups). Employee development is already a top priority for the executive team, proven in their decision to hire me to to build out our learning and development and diversity and inclusion initiatives so that development and inclusion are at the foundation of who we are as a company as we continue to scale. In most companies roles like mine don't get brought in until the company is a few hundred people strong. This again speaks volumes to the leadership of Anchore and what they are here to build.

Cons

It is a true startup where you wear many hats and don't have all of the glamorous office perks like bigger companies with ping pong tables and beer on tap, etc. If those are things that really matter to you, then this isn't the company for you.

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