Finance is a mess - Finance Semrush Employee Review

1.0
4 Apr 2023
Recommend
CEO approval
Business outlook

Pros

Things used to be amazing. 18 months ago the finance leadership was the best I have ever worked with in my career. Incredibly smart, energetic, communicative, and dedicated to the development of the team. We know we have the ability to accomplish amazing things with the right direction. I will say our Russian colleagues are genuinely amazing and hardworking coworkers and I am so impressed how many of them have been able to survive despite uprooting their entire lives to move elsewhere in Europe.

Cons

We are a complete mess now leadership wise. Our CFO is leaving and its probably time for that to happen. FP&A is going on its third leader in a little over a year and who knows how long the next one will last. Accounting went from one of the highest rated departments internally to one with incredibly low morale and two completely toxic leaders at the top who can't inspire, always point fingers, and cause undo stress for everyone else. Its at the point people are quitting and moving back to war torn Russia from Western Europe just to get away from them! Can it get much worse because that is happening. Investor relations now needs a new head meaning our reputation in the investing world is back to ground zero which is not good news for our stock price. It just seems that everyone we hired in the last 12 months or so is overpaid and under-qualified for their position leading everyone to take giant steps back. Our recruiting team needs to find ways to bring in better candidates and not rely on cold searches on linkedin. I am in someways embarrassed to say I am still employed here given our reputation as a such a difficult place to work. I still hold out hope it will get better but don't see the way.

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Semrush Response
3y
Dear Colleague, Thank you for the feedback. That’s saddening to see you have such negative feelings, but we are open to discuss this question personally. We are confident it can help us to improve and grow. Could you please reach out to HR or leave feedback in the annual Engagement survey? Apart from this, we must say that changes are in our DNA, and it doesn't have to be scary. This flexible approach to different things helps us to meet all new challenges. We’re proud of the work that was done by our Finance team during the last year and look forward to future opportunities. Yours, Semrush Team

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