As the company transitioned to being more corporate, it went through some "growing pains"(understandably) in order to sustain, maintain and scale such quick growth.
*Disclaimer - it's difficult to be entirely not biased. Please keep that in mind.
Some cost cutting:
-no holiday party anymore (dunno how long though)
-good bye dried mangos, pistachios, cup noodles, granola, coconut chips, etc. There are still free snacks but depending on what floor you work on, it's not stocked adequately --which leads to people "hunting" on other floors -- which is frowned upon. At what lengths should one go to find yogurt or even bottled water?!
-changed the health care plan and it's not fully covered anymore - so employees need to pay.
-took away the free massages -- company said that it was of minimal interest to employees --- but strangely enough, most could not even get a slot due to limited slots to begin with.
Change in company culture:
-promises were not kept -- then entirely abandoned and eventually feigned as if it never happened.
-it became heavily political and somewhat shady -- i noticed that some employee promotion/movement deals were being made under the table. those positions would be filled with management's intended candidate even before the position opens sometimes.
-seen instances of micromanagement
-seen instances of oppression, persecution, and blatant favoritism
-seen that the management's perception of you will determine how comfortable your work life will be -- if they don't like you even though you are an excellent employee (hard working, no call outs, got along with people) -- good luck.
Compensation:
-low-balled in pay - compensation seems to be around 40% or so less than industry standard.
-rejects negotiations
-if you get promoted just a few months before the annual performance review, you will not get a pay raise even if you performed well. their justification is that your new position's new salary (if they do not term it as a "lateral move") is considered your annual "raise" for your performance. If they call your change in position a lateral move -- no raise at all.
-im losing money -- stocks are still dropping and i should not have spent so much on ESPP. (T.T)
-no cost of living adjustments. SF is expensive. Mere lunch is about 1 - 2 hours NET salary. and then, there is the ever increasing rental prices...
Well, despite the changes, I do not regret working at LC. I am grateful for the opportunities that were offered to me and to be able to work alongside some of the most hard working, brilliant minds I have ever met! I think for a first real job, it's one of the best jobs out there to start with!