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Good company but sinking ship

Software Architect
Former Employee
Worked at LendingClub for less than 1 year
June 25, 2020
2.0
Pros
  • Great work life balance
  • Very strategic office location
  • Decent pay and good benefits until the pandemic hits
Cons
  • Company that is going downward spiral with layoffs, paycut, stock price tanking, reverse split and too many talented people are leaving
  • The executive team who are grossly incompetent and unable to turn the tide
  • Worn-out technology and lots of tech debts
  • Very low morale due to recent catastrophe event
Advice to Management
  • Sell off the company before it’s too late
  • Replace the entire exec team

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