Vantaggi
- Competitive pay (but really they’re just overpaying everyone – unfair for the hard workers who actually put in a lot of work) - Great perks (monthly stipends, great health benefits, unlimited PTOs, fully remote) - Used to have smart and hardworking individuals with awesome vibes to work with - Used to be a very horizontal workplace with not much issues that come with the traditional hierarchy - Used to be founder-run who had an incredible charisma and open and hardworking mentality - Used to have a great culture - Used to have a ton of room to grow, to be creative, to be impactful.
Svantaggi
- New management took over (most came from Lyft/who used to work for the CEO) and had no clue how to manage and grow the company – constantly shifting blame to the macroeconomy. - The CEO who took over in Dec 2022 came up with a new strategy to grow the company but results never materialized, and he had different excuses at each All-Hand for why. Incredible. - The leadership team (friends I should say) that he hired from Lyft played a lot of politics, especially the CPO (who joined in Jan 2023). For a company that was not growing and not much changes in headcount and other perks, I always questioned why her team was the size that it was. Toxic culture in the People’s team. I’d be lying if her personal vendetta didn’t play a role in who got laid off. These politics resulted in laying off numerous hardworking, smart, and competent talents. When Mariano (the founder) was in charge, there was ZERO politics. - Leadership team’s lack of vision and preparation resulted in 3 layoffs (300-400 total, probably) in ONE year and 5 (500+ people or over 50% of the original size) over the course of TWO years, and impacted hundreds of families, but during promotion and merit cycle, all the senior leaders received substantial increases (imagine an ELT joining just a couple months in and already receiving a salary bump…). Not only that but roles that were impacted were replaced with even more senior hires just a couple of months later. Insane. - You also had a CFO (since Apr 2022) with no Finance background running the company. He sounded ridiculous and clueless at every All-Hands. Incredible, no? - For a company that wasn't growing much, I questioned why we were still hiring all these folks. You had a team of 20-30+ in the RevOps team with a negative growth in the business. In what universe does this make sense? - The new leadership team loves sycophants. Ego is off the roof because they think they’re all amazing because of some experience from Lyft. Mind you, Lyft’s stock has tanked 80-90% since. - Everyone is working double-triple jobs because of the layoffs. - No sense of direction with the business still declining and yet, they have the audacity to give themselves huge raises. To the ELT: You’re not doing the work, the people under you are doing double the work because of the layoffs. As a human being, you should have enough conscience to do the right thing. But instead of properly rewarding these folks and retaining them, you give yourselves big raises and risk these folks leaving because apparently, you just don’t seem to care much about having great talents. You just care about your own pockets. - And by the way, most of the leaders I mentioned were fired this year. We all saw this and could've avoided years ago. All the companies who are looking to hire these "leaders" should re-consider.