Been at Silicon Valley Bank for over a decade. I’ve seen this company reach the crest of the wave as described by its former CEO. However, under its current leadership that wave is destined to crash, and crash hard it will! A recent employee engagement survey has unturned horrific results of discontent amongst the staff across many departments. There is talk about addressing these issues but nothing has been done yet. Employees have lost hope and are either leaving on their own or being forced to leave if they dare express their voices. It’s a terrible shame! I was once proud to be an SVBer, but that time has passed.
It is clear that leadership is focused on the shareholders, but enough is never enough. Even with a meteoric rise in stock price, the staff is treated as an expendable commodity. Long gone are the days of the family culture which is still promoted in a desperate attempt to retain talent. I’ve lost count of times I’ve heard coworkers say they are hanging on just long enough for the upcoming bonus before they have had enough.
The worst part of all is the toxic culture of leadership which has poisoned everything. The expectation for privileged treatment has trickled down across all departments. Rather than do what is right, staff is pandering to the top percent, just to make them happy, regardless of that might be best for the company.
