Pros
Middle management, especially long term at the VP level and below, still carry our corporate values and care about their employees. Benefit package is still amongst the best in the industry.
Cons
Culture of the company has fallen apart under Lyra Schramm. HR is now more about bottom line, stock holders, and cost savings than actually taking care of employees. HR no longer plays a role in connecting with employees or ensuring any kind of happiness/dedication. Latest review period resulted in subpar wage increases (2% or less for many long term, high performing employees). This follows on 5 years of no raises, minimal raises, MBO elimination or 50% MBO cuts. We’ve all taken the equivalent of pay and benefit cuts for years. Many were hopeful that in the most successful year in the company’s history that we would finally see the profits benefiting the employees. Sadly, not the case. We just came off the most successful year in the history of the company. People worked their butts off to take the company to the next level and even with the breach, the compensation is unreasonably low. F5 used to be at the top of industry standard on pay. It’s no longer even close. Employees are struggling with inflation and a substantially higher cost of living and the company doesn’t care. RTO has also put additional financial life strains on employees. Long term employees are held back and locked into level/pay scales that don’t allow for career or financial growth. Staying for the long haul doesn’t pay off. No appreciation for dedication or experience.
