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Falling angel: It was good company, but not any more

Financial Software Developer
Former Employee
Worked at Bloomberg LP for 2 years
September 9, 2012
New York, New York
1.0
Doesn't RecommendNegative OutlookDoesn't Approve of CEO
Pros
  • Free "sneaks" (but the selection has become worse)
  • Nice office building in a good location
  • More stable than investment banks and other financial service firms
Cons
  • No privacy in the office.
  • Small desk, no cubicle.
  • Cost cutting: benefits have been reduced year over year and are getting worse.
  • Slow growth.
  • No more free medical insurance. It used to be free, but now the company charges insurance premiums.
  • High turnover. Many people leave within 2 years or less.
  • Very political place, very hard to get things done. Senior management does not want to take risks by investing in new projects.
  • Flat structure, hard to grow.
  • Long working hours.
  • Below market average compensation.
Advice to Management
  • Please treat your employees like humans.
  • Please consider the advice from your employees.

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Bloomberg LP Interview Experiences