Spark Networks - Spark Networks - a definte example of corporate greed. | Glassdoor
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There are newer employer reviews for Spark Networks

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Helpful (2)

"Spark Networks - a definte example of corporate greed."

Star Star Star Star Star
  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Engineer in Beverly Hills, CA
Current Employee - Engineer in Beverly Hills, CA
Doesn't Recommend
Disapproves of CEO

Pros

My co-workers were like family. The core ppl than ran the company and taled to the customers have a great relationship and respect for each other.

Cons

The adminstration is horrible. The way the company isr an is terrible. Senior management givigng themselves stock options. Laying off employees who have been there must long than they have. It clearly is a place ran with greed.

Advice to Management

Quit being greedy with a company that you had nothing to do with success of. Quit laying off people that have worked there for years. People that built this company. Stop giving executive gradious stock options.

Other Employee Reviews for Spark Networks

  1. Helpful (2)

    "Great people - future focused."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Spark Networks full-time (Less than a year)

    Pros

    Very collaborative environment, great teams. You have impact on the product. Lots of change - but change is needed to grow and improve the business.

    Cons

    Could use better project management.

    Advice to Management

    Keep doing what you are doing.


  2. Helpful (4)

    "Candidates, Investors & Consumers Beware"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook

    I have been working at Spark Networks full-time

    Pros

    Stock (LOV) trading below $1 - Potential acquisition premium if AMEX does not delist Spark first.

    Great weather in Los Angeles

    Cons

    This is a company with no direction. The Board of Directors is notoriously thrifty and very heavy-handed in the minutia of daily operations. There are a handful of board members that have much of their personal wealth invested in Spark and behave in an emotional way, as evidenced by three leadership teams in three years.

    The latest management team is a group of private equity investors (called Peak6) that have a history of taking over distressed companies, cutting costs and selling to an eventual buyer. There is nothing wrong with that, as long as you understand the environment prior to taking a job. This is a group of individuals that are undoubtedly intelligent but have no interest or industry knowledge in the online dating business. The only goal is to "pause" all business, while they cut costs and position the brands for acquisition. As a point of reference, management held an all-hands meeting in late 2016, where the CEO assured all employees that there are no lay-offs planned. The following week, any employee in a management position (except for the Product lead) was laid off in a sloppy manner and given a smaller severance than any I've ever heard. Management has basically decided to ignore the concept of growing the business, in favor of cutting costs through breaching/breaking contracts, eliminating benefits and even relocating everyone to one side of the office in order to save electricity in the empty half. In what might be the most pathetic attempt to cut costs, this private equity group flew one of its employees across the country to walk throughout the office and remove all plants, because they were "spending too much to water them."

    With the exception of a few, every employee I know (including myself) is looking for another job.

    Advice to Management

    Organizational Behavior 101 - Smart and productive employees don't stay when they aren't learning, challenged or treated with respect.

There are newer employer reviews for Spark Networks
There are newer employer reviews for Spark Networks

See Most Recent

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