Great team but plagued by layoffs and poor morale - Operations LendingClub Employee Review

2.0
25 May 2026
Recommend
CEO approval
Business outlook

Pros

Great team, manageable workload, nice office

Cons

Disgustingly large layoffs that impacted key members of teams who had deep instrumental knowledge of undocumented processes - they cleaned house and kept their corporate buddies employed that did not necessarily have the historical knowledge needed. It’s a very typical fake corporate positivity environment, where they preach about growth and fulfillment at work yet treat the Boston team horribly compared to SF and Utah. No opportunities for growth, deep structural and regulatory issues that were being swept under the rug, etc. Think it’s disgusting for them to have two major layoffs and not do anything to keep up morale and give proper benefits to those who were left to drown. Don’t acquire a bank if you’re going to ostracize and expel the capable people who built the piece of the company you were so eager to buy up.

Explore other reviews about LendingClub

5.0
31 May 2026
Recommend
CEO approval
Business outlook

Pros

nice office and learned a lot

Cons

did not get to work too cross functionally

2.0
8 May 2026
Recommend
CEO approval
Business outlook

Pros

Decent starting pay and some good teammates. The company is highly profitable and continues to grow. Opportunities to take on new responsibilities and expand your scope. Equity awards.

Cons

Over the course of several years, I have been given additional responsibilities multiple times without more compensation despite the company’s strong financial performance. While I’m happy to contribute, the pattern of increasing responsibility without recognition is a major demotivator, even to your most diligent employees. It's tiresome. It doesn't take much effort to make strong contributors feel seen and valued, and it's such a missed opportunity not to. The company frequently talks about culture and values, but there is infighting and rivalries between teams and individuals. That energy creates drama instead of collaboration and leads to repetitious mistakes. Good people — especially top performers — eventually leave because they can.

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