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Good perks, but YMMV

Senior Software Develop
Current Employee
Has worked at Bloomberg LP for 20 years
January 31, 2020
New York, New York
3.0
Doesn't RecommendNeutral OutlookNo CEO Opinion
Pros

Perks, benefits, and salary are competitive.

No titles; everyone can really contribute if they're willing to fight for it. Often, you can learn new technologies. Plenty of friendly people to have lunch with.

Management doesn't really seem to care too much about system outages, so that makes for a more relaxed work environment (half sarcastic).

Cons

Constantly having my desk/office moved, forced "upgrades," or work environment changes.

Not a lot of personal space or even toilets for that matter. Extremely crowded office, despite how fancy and pleasant it is to look at. A lot of distractions, and in my opinion, the quality of work across the company suffers because of it.

Employee retention is not that great, and it's also hard to hire talent here anymore, as they mostly go to FAANG or startups. A lot of office politics, and no clear vision or culture for the company.

Incompetent managers get off easy, and some of the worst ones are allowed to remain for years, even after they've driven away many good engineers.

Sometimes it feels very competitive, especially between different teams who are often working on similar things, and for no good reason other than politics or mismanagement. I rarely understand what my true job function is and why.

Due to poor management choices and internal corruption, the company honestly hasn't grown its business significantly in a decade and has become decreasingly profitable and efficient in that time frame. Luckily, Mr. Bloomberg doesn't usually punish low-level employees for this, as is so common in public companies.

Advice to Management

There is not enough flexibility and work-life balance for families. Many people have long and high-traffic commutes to NYC because of the high cost of living and overpopulation.

The company should allow more remote work and have flexible hours for a better work-life balance, and to improve employee health as well as the environment. While it's not for everyone, many people do work more efficiently at home because there are fewer distractions.

Honestly, we're not trying to rip you off; we're trying not to waste 3 hours a day on crowded, dirty trains with psychopaths and instead use that extra time to raise our children.

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