Research company who is not rigorous in their research, and doesn't practise what it preaches - Principal Wood Mackenzie Employee Review

1.0
Apr 12, 2022
Recommend
CEO approval
Business Outlook

Pros

Until around 2020, this company has some of the best brains in the industry. It has also expanded over the past few years, and the brainpower pool was truly a big one to tap. Being part of Verisk also means there's financial backing from a rich parent.

Cons

But you notice I said "until around 2020"; the brain drain is staggering to say the least in the past two years. And many of them were engineered by management and involved senior, experienced staff. The managers placed to head the various parts of the business know very little of the industries they cover, and most if not all cannot be bothered to learn. Pleasing the (now "retired") CEO was the main concern, and many new ways of working simply do not address the issue properly, or worse are just plain unsuitable for coverage of some markets. It is also clear that management obviously view these senior staff as too expensive, and in their efforts to cut costs amid the recession past two years, these experienced staff have been made to go, or asked to opt for early retirement. I suspect the CEO himself was actually one of these, ironic as it may sound. Another major problem is the lack of respect for customers, and bordering on lack of integrity. Publishing late, or not publishing reports is considered an acceptable practice, even if the contract with customers is that you need to deliver X number of reports over a specific time frame. And in some cases, it's known that management has asked research staff to fudge data and cut back on analyses significantly, in order to fit in pages which can contain only XX number of words in the text. While brevity is a virtue, the problem is the flawed assumption of management that covering one product in one page should be thus, and covering 10 products in a value chain in one page should also be the same. Not true, and one shoe doesn't fit all, please. The end result is a huge sacrifice to quality and even quantity you're contracted to deliver, and this is not honest. Several of the senior staff who left, confided in colleagues after their departure that the company now is very, very different from the WM they knew many years ago. The research is no longer rigorous, especially against the backdrop of cost-cutting where travels and meeting clients have become non-existent, and the hitherto high standard of analysis and integrity is no longer there. It's affecting their own individual reputation in the industry, something they've painstakingly built up over many years. They also predict that while the short-term impact may not be visible, as the years progress, WM would lose its reputation and standing in the industry. After all, customers are not stupid, and many of them have already noticed the drop in quality (yet they're asked to pay higher subscription fees at renewal every year).

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5.0
May 31, 2026
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CEO approval
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Pros

Good work life balance and interesting work

Cons

Nothing much to say on this.

3.0
Feb 2, 2026
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Good people with good intentions. Work-life balance is above average.

Cons

The reality of being owned by a PE backed firm: Large scale cost reductions including mass layoffs. Woefully lean teams requiring higher workloads including much time spent on tasks outside of primary role. New leadership- since the hiring of Jason Liu, it’s hard to discern if we can trust the GLT. Observations causing concern include blame shifting, lack of accountability, and statements inferring that radical candor is actually not welcome (despite devoting an entire training module on the topic). Directors and managers do not have any power, and yet they are our conduit to executive leadership. The work has no joy anymore. We spend our days putting out fires on internal data issues, chasing lofty goals with next to nothing budgets, and trying to keep up with the ever-changing policies and procedures that impact our day to day. I rarely get a chance these days to do the job I was hired for.

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Wood Mackenzie Response
4mo
Thank you for taking the time to share your perspective. Wood Mackenzie is undergoing a bold transformation as we sharpen our focus on delivering the most connected, trusted intelligence for the energy and natural resources industries. This has brought change across many parts of the organisation as we evolve how we work, how we operate, and how we support our customers. We recognise that periods of transformation can feel challenging and, at times, uncomfortable. At the same time, this work is central to our long-term ambition to transform the way we power our planet and to build a Wood Mackenzie for the future. We remain committed to creating an environment where people can do meaningful work, contribute to a bold mission, and feel proud of the role they play in what we are building together. If you haven't already done so, I'd recommend speaking about the issues you've raised through our internal feedback channels such as our your line manager or speak to your HRBP. All feedback on Glassdoor is summarised and shared with leadership monthly so I can guarantee the themes in your review will be aired. We appreciate your honesty and your dedication to Wood Mackenzie over the past decade. Even when the feedback is challenging, it helps us build a stronger company and a better experience for our people. Thank you again for sharing your perspective. Eilish Henson, EVP, HR
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