ION Group reviews

This Company is completely broken. Despite the best efforts of the staff to improve morale and processes, everything is overshadowed by the poor leadership of the CEO. He is a control freak, needing to approve the smallest of business decisions. There is no trust in managers to make decisions affecting their teams. The result is that nothing is agreed because he doesn't have time to review it all. Turnover is very high, leavers aren't replaced, staff are expected to take on additional work with no reward. Pay is below average and there are no bonuses. The CEO is a horrible man, interested only in lining his own pockets. He shouts at staff, threatens everyone with the sack if he doesn't get his own way. On New Years Eve a bunch of staff were made redundant without warning. Senior Managers are either afraid to challenge him or mini versions of him. They have set up this new Glassdoor page because the old one had too many bad reviews, they are actively encouraging the graduates to write good reviews. The Graduates are basically running the company, incompetent through lack of experience but given full responsibility and glory at the expence of older workers. In the recent lay offs, anyone over the age of 50 was targeted which reinforces their attitude. Steer clear.

There are a lot of CONs to this company... hence why it was the worst company I've ever worked for... For one, I worked at Reval which is a Treasury Management System (TMS) that got acquired by ION Group. When we found out that we were acquired by ION, there was a sense of panic amongst the team - not because we were being acquired but because we were being acquired by ION. There were rumors that ION acquires companies and basically guts them (no promotion, no raises, no bonuses etc.)... When we came over to ION, the CEO (Andrea Pignataro) never welcomed us or even addressed us. In fact, the people that were already at ION did not even know what was happening until the day we moved in (apparently they laid off a bunch of their employees to make room for us). Slowly, people from the Reval team began to leave 1 by 1... We were promised promotions and raises but after the turn of the year, nothing ever came. Apparently, they were being reviewed by the CEO who never gave us an answer. Months go by and people try to stick around with the false hopes that we'd get the promotions/raises that we deserved. After a YEAR goes by, still no answer. Now, the management team of Reval begins to leave and that's when you know it's hitting rock bottom. There was absolutely no communication from upper management. And from the looks of it, it seemed like they really didn't care that people were leaving. They made no attempt to retain any sort of talent. If you're looking to join the ION team, please don't. Save yourself. You will sit at your desk regretting the decision to join this company. If you're part of a company that was acquired by ION, start looking for a new job. Don't believe the things they say about the smooth transition into ION nor how things are going to stay the same. They won't. We were fed the same story... Also read the reviews for ION Trading. You can also read the reviews of the companies that they acquired - Reval, Wall Street Systems, Treasura, Triple Point etc. For the love of God, stay away from this company. I would not even recommend this company to people I hate...