Pros
These pros were valid few years ago. Attractive equity, decent salary and good benefits. Work was decent and politics was minimum. Unfortunately right now and for any foreseeable future, I don't see any pro for this company.
Cons
Everyone knows about the scandal and it's fallout. I won't go into details of that, however I will say this, Renaud left a big void in the company and current management is not capable of filling that void. Renaud was very popular CEO, very approachable and very generous with equity distribution amongst employees. Where as current CEO and upper management managed to demoralize already down company even further within month ! They gave themselves promotion, bonuses and additional equity after the scandal and laid off 12% of the company for cost cutting ! By conservative estimate, more than 90% of the current employee base is under water (as far as RSU / Option price is concerned), the management is not doing anything about it - no retention bonus / additional grants etc for worker bees. The queen bees on the other hand are helping themselves with more cash / options. I worked in Technology organisation for close to 4 years and for last 2 years or so, this organisation is becoming more and more political. There are more than 400 engineers right now and conservatively, you need only half of them (if that). I worked on financial systems which were orders of magnitude larger ( transactions / dollar amount) with teams fraction of the size of LC. There is a strong lobby of Salesforce people in the company and all they are doing is creating complexity just for the sake of growing their team, beefing up their resume. One SVP left soon after the scandal hit and the stock tanked and I think more will follow his lead and go back to the mothership :-) I am sad to say it looks highly unlikely that this company will turn around anytime soon ( if at all). Investing is business of trust, if you lose trust, you lose business - as simple as that. This company wanted to be google of finance.. it has become yahoo of finance instead. Best case scenario right now is some company buys LC for its cash and the borrower base. Anyway if you are a technology professional, don't waste your time working here.. majority of the people I know are looking for a job elsewhere.