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Headed towards bankrupty

Software Engineer
Current Employee
Has worked at Upstart for 1 year
December 28, 2022
1.0
Doesn't RecommendNegative OutlookNo CEO Opinion
Pros

You get to working remote and work on your own schedule Good work life balance

Cons
  • Revenues are declining and cash reserves are depleting. Chances of layoffs are very high
  • Very high chances of layoffs with cash depleting quickly
  • No path to profitability with high interest rates
  • Good WLB ending with more pressure due to perform harder (with no extra pay)
  • CTO is a Yale dropout with no previous technical leadership experience
  • RSUs are down 97% stock dropped from $300 to $12
Advice to Management
  • Replace CTO with someone who has technical leadership experience
  • Compensate for the stock drop

Additional Ratings

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

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