Pros
Previously, Lendio was a joy to work at. The company succeeded in hiring wonderful and qualified individuals that led to a great culture. The vision was easy to buy into and the overall vibe was eager and passionate. Team members are quick to collaborate and offer assistance.
Cons
After 13 months and three separate large waves of layoffs and a number of silent layoffs throughout, the morale has deteriorated, and the overall direction feels frantic. Sprints and goals feel haphazardly assembled, products are released, and if they don't deliver the golden egg within a few weeks or months they are shelved and forgotten. Lendio takes pride in raising their employees up to new heights through internal promotions. However, this has led to a large number of unqualified people in places of power. There is an overabundance of middle management, and it baffles me that there was very little reduction to their numbers in the each of the three waves of layoffs. Which leads me to believe that it is the boys club and culture that is the sole reason that these individuals remain employed. Especially since Lendio has nearly reduced by 50% in total employees in the last 18 months and middle management feels untouched. A lot of leadership decisions are emotionally driven, and progress is stunted by opinions cast by leaders.
