This is The Bad Place - Recensione dipendente - Dipendente anonimo presso Stash

There used to be an implicit deal that you made working at Stash. Yeah, the comp was a little low, and it was crazy that an investment company didn't provide a 401k match, but it was a pleasant place to work, with good, smart people committed to an important mission. The first half of that deal is still true. The second half is not. A lot of other reviews have been written by people who were laid off, but I wanted to add mine to make it clear that they aren't just speaking out of bitterness. So, yes, we've had multiple rounds of layoffs in the past year. Two of these have been accompanied by sweeping re-orgs. And even when there are no layoffs, sudden re-orgs are common. I can't say for sure why this is, but it's probably relevant that Stash keeps hiring more and more higher-level executives while firing ICs. So we're left with a lot of people at the top of the org chart who need to justify their jobs by shuffling the rest of us around. Whatever the reason, it's hard to care too much about anything you're doing when you know it's likely that priorities could change at any moment. Most of the good people who were spared by the layoffs are leaving, which is a problem, because the layoffs cut the teams to the bone already. The EMs and PMs are trying their best to keep things moving forward, but they're getting nothing but misery from up above. All of this is what I imagine it's like when your company gets bought by Private Equity, but without the accompanying payout.