Prosper.com "cpo" Reviews | Glassdoor

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Prosper.com Employee Reviews about "cpo"

Updated 26 Dec 2016

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3.6
63%
Recommend to a Friend
81%
Approve of CEO
Prosper.com CEO  David Kimball
David Kimball
48 Ratings
Pros
  • "Great people, culture, and benefits(in 14 reviews)

  • "Inspiring leadership, great benefits, solid product and terrific atmosphere(in 11 reviews)

Cons
  • "First thing the CPO says after the layoffs is that now it's much easier to fit in meeting rooms(in 11 reviews)

  • "Consistent lack of success outside of personal loans(in 7 reviews)

More Pros and Cons

Reviews about "cpo"

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  1. Helpful (7)

    "Hit ROCK BOTTOM, hopefully on the way up!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee in San Francisco, CA
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    I have been working at Prosper.com full-time for more than a year

    Pros

    - People, one reason to stick around. We have lost a lot, but there are still some smart and genuinely nice folks around. - Still in a building stage, ground floor opportunity to put your name on it.

    Cons

    - Once a year promotion, what century is this?! - Bad investment choices by management and employees get laid off! No accountability in leadership - Bad leadership choices, no spine to lead in tough situations and act on employee feedback e.g. ex-CPO/CTO - If you are looking for a tech culture or silicon valley experience, this is not it - Not fun to work at - Judged on presence in the office rather than... deliverables - NOT Unlimited vacation policy, frowned upon if you take more than 15-20 days! - More concerned about people turning up on time or having long lunches or leaving early!

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    Advice to Management

    “You are lucky to have a job” or “Job Security” are not selling points to your employees in the Bay Area! These are some smart people and highly employable. - Value your employees and let them know about it - Reward and promote them. Get out of this ‘once a year’ performance cycle, get inventive with rewards/incentives and promotions - Run this like a Tech company rather than financial services - Don’s just... talk about having fun, make it happen! Tone from the top and executive/team leaders involvement is key - Encourage engagement and collaboration within teams. People seem to be afraid to talk or chit chat incase this makes a bad impression! - Please worry about achieving company objectives, not whether people are turning up on time or having long lunches or leaving early. This is not a school and snide comments do not help! - Hire leaders with some spine and make them accountable

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    Prosper.com2016-12-20
  2. Helpful (12)

    "Lots of benefits for engineers who's IN the circle"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Software Engineer in San Francisco, CA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Prosper.com full-time for more than a year

    Pros

    Engineers get to cruise as eng INleadership has no technology brains to set technology vision and innovation roadmap. Killer of innovation for profit. Engineering staff gets to coast a lot as there no need for thinking to be applied in technology Entire Ops team quit and is run by front end and quality engineers... hahahah

    Cons

    - with no technology brain, tech INleadership will live as flattery serves good at prosper - INleadership confederates will have awesome salary and package - ex-CPO and eng INleadership killed this company morale in engineering. Time to hire a technologist and help to make progress

    Advice to Management

    Hire a solid CTO and make it awesome technology

    Prosper.com2016-12-26
  3. Helpful (21)

    "Incompetent leadership."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Senior Software Engineer in San Francisco, CA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at Prosper.com full-time for more than a year

    Pros

    Nothing great here except HQ is in city. Close to many nice restaurants. Capital investment, risk, fraud and CS teams are good as they're the only folks who work hard in this company

    Cons

    Absolutely no innovation interms of product, technology and business. All (product, technology and business) areas compete to suck big time... CPO as a leader who can only think of cosmetic items to fix. All his product staff are paycheck collectors who havent done any innovative products/offerings to INCREASE SINGLE BIT OF REVENUE. People who can't spell a single technology are in top two tech positions...... hahah. They're responsible for Prosper's complicated technology vision. I seriously pitty this company and its CEO for believing these incompetent leaders. TECHNOLOGY means zero innovation here. vpEng CANNOT identify any technological problem. just ask around and turn switches off for envs. Technology team has been guided to just oil the wheels - fix environments, change goodrelease cadence w/o fixing code quality, bring up stg2. thats it fellas. because of CTO's and VPE's goupies and politics, lot of good people are leaving. especially, there are no Systems Ops people to run production.

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    Advice to Management

    take a look at where prosper engineering deliverable was in 2015 and compare how it is now. You got all of whats running in production now from 2015 only. No major stuff from 2016 yet!!! Product hasn't gone thru any innovation yet. Tehcnology and people are suffering because of this incompetent leadership. Remove your blind fold Mr.CEO. And collect data from all to make positive changes.

    Prosper.com2016-08-25
  4. Helpful (32)

    "Unprofessional environment"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee in San Francisco, CA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Prosper.com full-time

    Pros

    Decent snacks. Startup where you can develop a variety of skills. Great location in downtown SF near embarcadero. Some smart people to learn from.

    Cons

    Layoffs were done in a very unprofessional manner. During a surprising all hands meeting, all employees were told to go to their desks to wait for a potential email telling them they were laid off. Everyone was a nervous wreck while watching their friends and coworkers pack up their things to leave. First thing the CPO says after the layoffs is that now it's much easier to fit in meeting rooms. Sexual harassment... issues were left unaddressed for months. Product management that tells designers and engineers to build products with no direction. Culture that is driven by fear of the CPO and other executives. CEO that sells all his shares and then boasts to the media he is not taking a salary this year. This is a sinking ship you want no part of.

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    Advice to Management

    If you want to attract talent, clean up your act. Plan for volatility in the markets. Build for the future, not your short term gains. Have a vision that employees can get behind. Build a culture people actually want to be a part of.

    Prosper.com2016-05-04
  5. Helpful (24)

    "CEO and Management with no vision."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Software Engineer in San Francisco, CA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Prosper.com full-time for more than a year

    Pros

    Cons over shadow pros.Decent snacks and drinks. Liquor available.

    Cons

    Where should i start? 1. CEO has the Sidam touch to ruin a perfectly fine and flourishing company bringing it into ruins with his lack of management skills and vision 2. One after another bad decisions to ruin the company - AHL acquisition costed 21million in cash. January 2015 - BillGuard acquisition costed 30 million in cash September 2015 - That is over 50 million in cash in a year when... there are no large investors on the platform - Spends millions on buildings and office spaces internationally - Bad CTO hire - COO that kept the company together is let go - Blame the CBO for business not growing - Bad CPO hire 3. Too arrogant to take others advice and too proud to ask for help from the dad and the other partner 4. Surrounds himself with people that praise him 5. Fires people that challenge or speak their mind 6. January 2016, CEO says the staff will double in BillGuard and May 2016 30% of the staff is laid off. 7. Hires more than 400 employees in 2015 to lay off bunch of them in 2016 - with no regard to employees or their families. 8. Sells shares ( worth millions) in secondary market for himself and doesn't let employees sell them. 9. Dysfunctional HR team. There is not an HR handbook. Policy against harassment is published 5 months after an incident. 10. Trying to cover up the incident and blaming the employees for management failure to set the right culture and tone for the employees. 11. If you are a friend of the CEO you are employed for life no matter how many complain against you or how bad the market is. 12. No long term vision on preparing the business for adverse conditions and shoots down people that suggest it. 13. All resources are dedicated to on-boarding banks which never do. 14. Zero trust on this management to make things better and take care of their employees. Leave the company and find one with a vision that respects the employees. Another round of lay-offs is soon to come, be prepared.

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    Advice to Management

    - Employees are people, treat them with respect. - Have the decency and courtesy to face employees that you let go or fire and not just hide from them. - Have a long term vision for the company and have a plan to deal with adverse conditions, laying off people must be done when necessary but not after wasting millions of dollars. - Hold the management accountable for the business and performance. - Have... people that challenge the status quo to make the business better. - Board must intervene and challenge the management. - Stop making cosmetic changes to the site and improve the product. - Lending club is in soup not because of these issues, the board has proven how vigilant they are. Prosper needs that. Based on the most recent events Prosper is no where close to Lending Club as a competitor and is losing its edge in the market. Fix it before Prosper makes it on the "brands to disappear" or "the worst failures" list.

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    Prosper.com2016-06-20
  6. Helpful (14)

    "Worst place ever"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Senior Database Administrator in San Francisco, CA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Prosper.com

    Pros

    Location is the only good thing about prosper

    Cons

    CPO is very political and makes lot of racist comments

    Advice to Management

    Fire CPO

    Prosper.com2016-05-14
  7. Helpful (21)

    "Leave the sinking ship"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Software Engineer in San Francisco, CA
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at Prosper.com for more than a year

    Pros

    Compensation Decent perks Location Office space Selective fun, energetic group of people (note: SELECTIVE) Hard working team members

    Cons

    CPO VPE Extreme nepotism HR This place was great once...unfortunately it has now become a place where careers come to die.

    Advice to Management

    - Please stop hiring your friends who lack the skills to do their job. This is exactly how we got into this mess. - Please address real challenges vs. wasting company resources on non-value added initiatives (ie. re-branding). If you haven't realized, borrowers/investors do not care if the site looks blue or pink. - Please trim down dead weight and try harder to retain quality people.

    Prosper.com2016-05-04
  8. Helpful (22)

    "Blow It Up"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
     
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Prosper.com

    Pros

    Benefits are great. So are perks with commuter and wellness reimbursement. Stocked snacks are cool. Innovative ideas within the business model. Too bad they couldn't execute

    Cons

    The train ran out of track and just fell off the cliff. They just laid off 200 of us to try and improve income performance..... Or decrease loss and cash burn. Or maybe they are trying to create value to sell the business just to deepen execs coffers at the expense of real people with real passion. They let go of their CBO and COO today. Along with 200 other layoffs. Yet they leave two of the main problems on.... How on earth can you let that pompous CPO stay when he hasn't done anything to improve the business. You can't improve sales when you have a crap product. And even if you have a great product, it doesn't matter when you bank on three major investors to buy all our loans. Your senior exec in charge of the investment side did nothing to diversify, yet he is still employed. How can you not forecast for what will happen to the business in a down economy when he did not diversify with a larger investor pool. And because of your poor planning and careless behavior, you just significantly affected several people's lives...... In a bad way.

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    Advice to Management

    Fire your CPO. Get someone who understands how a bank works. And learn to diversify your investor pool. Also, when the economy turns positive again, don't expect to double growth as easy as you once thought it would be.

    Prosper.com2016-05-04
  9. Helpful (20)

    "Engineering is a mess"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee in San Francisco, CA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Prosper.com full-time for less than a year

    Pros

    Nothing as of now... For the past few months revenue has gone to 2014 levels, huge layoffs are expected anytime.

    Cons

    For the past few months company revenue is not doing great and there is lot of talk about layoffs. I'm sure management will fix the issues and can get the company on track. Engineering culture and morale has hit rock bottom. As previous reviews stated there is extreme level of double standards. Employees from LinkedIN and old timers who pledged their loyaltyto VPE are treated differently. INNers get to work on... cool projects, don't have to come to work, gets double promotion. INNers team treats production as a play ground and have no clue about what it takes to run a financial website. Site outage has become very common and release quality is very bad. If anyone questions VPE, he yells with F word, threatens and bullies. He is an expert in killing engineer's morale. Read all the real reviews you will see the trend (5 star engineering reviews are written by CPO/VPE/and their buddies) .There are several formal complaints against VPE and HR doesn't care about it. Both CPO and VPE have no clue about running technology and lot of technical debt is quickly piling up due to lack of leadership and poor decisions.

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    Advice to Management

    Advice to CEO: 1. Have open mind and get feedback from diverse engineers not just from your friends in Engineering. 2. Hire a CTO asap and fix the issues before it gets completely out of control.. Advice to CPO: 1. Just focus on product and stop messing up with technology. 2. Allow the company to hire CTO. 3. Fire your arrogant friend and save your remaining credibility. Advice to HR: 1. Walk the... talk and prove you care about the culture.

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    Prosper.com2016-05-03
  10. Helpful (22)

    "Double Standards"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Software Engineer in San Francisco, CA
    Doesn't Recommend
    Negative Outlook

    I have been working at Prosper.com full-time for more than a year

    Pros

    C-Level are very good at making root level employees fool. Their skills should be recognized and appriciated

    Cons

    * Double Standards * Different promotion rules for each individuals based on which GANG you belong to * No appreciation at all * Engineering is in a mess. All the recent 5 star reviews are written by VP/Directors to make CPO happy * New engineers thrown under the bus without any on-boarding process * Mobile engineers working on Web Technologies. Their skills and strengths are been killed. * Release process is... so confusing that there is a hotfix pushed twice a day * Yearly increment is in $, not in %.

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    Advice to Management

    All decisions made so far have screwed you, keep the mojo up and start firing the remaining talent you have.

    Prosper.com2016-03-09
Found 11 reviews