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Struggling, appears to to be on last legs

Principal Software Engineer
Former Employee
Worked at LendingClub for 4 years
March 16, 2023
San Francisco, CA
1.0
Pros

There are still a few good people left after the last round of layoffs. The snacks are good.

Cons

LendingClub has completed its evolution to a feature factory. In a few months, they will be so overwhelmed with priority escapes, they will stop talking about them, if they haven’t already.

The last layoff was ridiculous in light of the profit. It’s almost as if the new CTO is a competition plant. Most standards have slipped. It’s sad, but I think it’s too late for them to recover.

The healthy culture they once had is destroyed. They probably don’t care about this because management is probably just looking for a buyer. It’s never a good sign when they lay off all the recruiters.

Advice to Management

I would say something, but they won’t listen, so why waste space?

Additional Ratings

Work/Life Balance
2.0
Culture and Values
1.0
Diversity, Equity, and Inclusion
5.0
Career Opportunities
1.0
Compensation and Benefits
3.0
Senior Management
3.0

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