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

2.0
May 25, 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
May 31, 2026
Recommend
CEO approval
Business outlook

Pros

nice office and learned a lot

Cons

did not get to work too cross functionally

3.0
Jun 8, 2026
Recommend
CEO approval
Business outlook

Pros

Great office perks, including free Andytown coffee in the San Francisco office. Flexible hybrid work schedule. Summer Fridays and a week off during the holidays. Free lunch during quarterly PI Planning events. snacks in the office. AI tools that can help improve productivity. on-site gym, though a fitness reimbursement option would be more practical.

Cons

Timesheets and project code tracking are unnecessarily burdensome. Frequent Okta authentication interrupts productivity. PI Planning lacks clarity, making meaningful planning difficult. Getting access to systems and tools can be confusing and slow. Wikis are disorganized, outdated, and often inaccurate. High turnover and frequent org changes create instability. Unfriendly behavior is often tolerated and sometimes rewarded. Heavy reliance on contractors and offshore teams can slow communication. * Too many competing initiatives leave little time for proper testing.

See reviews by: Helpful|Rating|Date|All