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Monopoly Waste, Cultish Bureaucracy

Software Developer
Former Employee
Worked at Bloomberg LP for 1 year
January 19, 2015
Princeton, New Jersey
1.0
Doesn't RecommendNegative OutlookDoesn't Approve of CEO
Pros

Free food, which is not all that great.

A monopoly position in its market helps allow for massive wastage of resources (see below).

Cons

Innumerable. Huge bureaucracy, ritualistic, cult-like atmosphere, bizarre Big Brother monitoring everywhere. Does everyone really need to know where and when you badged in and out? Entire teams that do little to nothing. Regular need to tell managers to pi** off when they attempt to bully you. Mind-numbingly boring work. Early 1980s technology hasn't changed a bit. And lastly, now that the owner has returned, having exhausted his political adventure, it is like Odysseus returning to Ithaca, and there will be major lettings go, new joiners first.

Advice to Management

Rename and sell the company.

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