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Innovative Tech, Stifled Feedback

Senior Software Engineer
Current Employee
Has worked at Bloomberg LP for 20 years
February 20, 2022
New York, New York
3.0
RecommendsPositive OutlookApproves of CEO
Pros

The generational company is one of the best success stories on Wall Street and probably in NYC over the past 30 years. A unique mix of finance and technology, it still does not seem to be having any kind of identity crisis, and is able to merge both worlds seamlessly. Technologically, it is not given enough credit for having built a client-server model before anyone else commercialized it. It homegrown numerous enterprise-level products like databases, telemetry, deployment systems, rollbacks, and tons of innovations. Genuinely cares about employees.

Cons

The personal trading policy is strict, considering 99.99% of employees have no access to any non-public information.

The company is famous for its flat structure, but skip-level communication is lacking. Any escalation, including impersonal team-level constructive feedback, is sent back to the manager with not much anonymity. So, it's basically stifling and discouraging any skip-level positive feedback loop.

Because there is a very tight lid on salaries and Bloomberg is a private company, there is random variance in salary across teams and groups.

Advice to Management

Facilitate skip-level communication.

Additional Ratings

Work/Life Balance
5.0
Culture and Values
5.0
Diversity, Equity, and Inclusion
5.0
Career Opportunities
5.0
Compensation and Benefits
1.0
Senior Management
5.0

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