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Small company comp/benefits, big company BS

Software Engineering Manager
Current Employee
Has worked at Upstart for 4 years
May 12, 2024
2.0
Doesn't RecommendNegative OutlookNo CEO Opinion
Pros
  • The mission is real, important, and prioritized by leadership. Some decisions, such as small dollar lending, are long-term bets that fit the mission but aren't expected to have any material business payoff in the next few years.

  • A lot of smart people and interesting challenges

Cons
  • Extremely heavy process around quarterly planning, and replanning. Hard to get anything done with so much bureaucracy. This process gets worse every year.
  • Eng leadership cares more about optics than impact. Hitting dates and predictability is a higher priority than big swings. Risk taking is strongly discouraged.
  • Eng leadership is unempathetic about workload - or anything really. And unrealistic about expectations.
  • Flexible time off is a marketing tactic, not real. Hard limits are put in place at the VP level, who have to approve PTO.
  • Used to be competitive on pay until the stock dropped 90%. Attempts to pull people out from underwater on stock have not been competitive, encouraging people to leave and rewarding newcomers.
  • Layoffs are putting talented engineers' jobs at risk.
  • Very low DEI in Eng
Advice to Management
  • Value impact over optics. Reward people who take risks and get results. Focus less on predictable dates, more on OKRs tied to business value.
  • Stop letting unempathetic VPs drive away top performers
  • Either make flexible time off real, or stop falsely advertising it so people know what they're getting.

Additional Ratings

Work/Life Balance
2.0
Culture and Values
1.0
Diversity, Equity, and Inclusion
1.0
Career Opportunities
4.0
Compensation and Benefits
3.0
Senior Management
1.0

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