1.0
Mar 18, 2023
Current employee, more than 3 years
San Francisco, CA
Recommend
CEO approval
Business Outlook
Pros
Although it is struggling, it is running; hence, people can still get paid. However, people are not sure how long they can continue to have a job.
Cons
For a lot of employees, it is just a timing issue for the company to collapse. With recent SVB crisis and people moving their funds from small banks to Big Four, LC suffers tremendously. The most important factor for LC to collapse is not the the fact FED raised the interest rate but the bad managers who have very low qualifications, poor visions, selfishness and no ethics. The bad managers are rotten rats who will make this company collapse very soon.