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Prosper.com Employee Reviews about "great people"

Updated May 17, 2020

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Found 15 of over 229 reviews

3.6
69%
Recommend to a Friend
76%
Approve of CEO
Prosper.com Chief Executive Officer  David Kimball
David Kimball
72 Ratings
Pros
  • "Great people, culture, and benefits(in 15 reviews)

  • "Great benefits and good work life balance(in 12 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
    Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.

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    Reviews about "great people"

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    1. 5.0
      Former Employee, more than 3 years

      Great Company, Unfortunate Struggles

      Mar 25, 2019 - Engineer in San Francisco, CA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Great people, culture, and benefits. Prosper is what you make of it; there's a ton of opportunity for those willing to put in the work. Also, great work/life balance.

      Cons

      Turnover has been a killer. Lots of one-offs, undocumented processes, and a ton of technical debt as a result. Every year performance reviews seem to push people out.

      Continue reading
      6 people found this review helpful
    2. 1.0
      Former Employee, more than 5 years

      Rotting company with destructive, disengaged management

      May 17, 2020 - Senior Manager in San Francisco, CA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      - High pay, nice office, good benefits (just did big pay cuts and stopped most benefits due to Covid-19 though so beware!!) - Few working hours a day (mostly meetings, culture of low-work and low-output generally, platform runs itself mostly) - Little expectations or awareness of your work output (managers are asked to only people-manage and are thus pretty unengaged) - Amazing gig for a middle-manager or executive if they lack the chops to perform or if you're just looking to put your feet up for a few years - Kind people who are friendly, great people+places team - I felt lucky to be at Prosper when I was there and put a lot of my life into it. However, I could not recommend a friend or family member to join Prosper in the state it is in today.

      Cons

      - Years of a shrinking market, deteriorating product offering, and dozens of competitors with better offerings. Prosper's product has been overpriced and worsening for years. - Prosper is 12+ years old on a Series G with no sustained profit, dwindling cash, all-time-high competition, its management is void of all-stars or even decent players, and is lending into a credit crisis. - History of lying to investors, management coverups, and SEC action: Prosper overstated its returns to 30,000+ investors for years knowingly and was fined $3M by the SEC. Most of the management responsible for this are still at Prosper and were called out for incompetence by the SEC for not knowing how to calculate investor returns despite knowing they were doing it falsely for years - "The order also finds that Prosper failed to identify and correct the error despite Prosper's knowledge that it no longer understood how annualized net returns were calculated and despite investor complaints about the calculation" - UX leadership has made most beloved UX designers walk out the door forever, dominates meetings with firehoses of unintelligible communication and no real work, seems to come in and out of reality. - You probably won't learn from your manager, and you will find it very difficult to find mentors. Prosper hasn't attracted that type of talent for a long time, and for years that quality talent has been leaving while some of the worst stay. CEO likes to say "manage more, work less" - Overpaid, disengaged executives with poor work ethic and ancient domain expertise - Board stays at arms length after years of being fed what execs call the "board narrative" - an actual separate narrative than what has actually happened in reality. I wish I was kidding. I wish I could say more. - Tech stack is described as an "atomic time bomb" with eng leadership that hasn't been technical in years and years. - Executives at all levels have no Tech experience meaning important signals (like false investor returns) fall on deaf ears resulting in years of uninformed decision-making, failed acquisitions/layoffs, regulation-breaking, failed projects, failed partnerships, coverups, and more.

      Continue reading
      17 people found this review helpful
    3. 4.0
      Former Employee, more than 1 year

      It had its good time and it's bad times

      Jun 29, 2019 - Verification Specialist in Phoenix, AZ
      Recommend
      CEO Approval
      Business Outlook

      Pros

      fun office, great people and the employee outreach was excellent

      Cons

      when I was there the management was out of sorts and typically made the wrong decisions

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    4. 4.0
      Former Contractor, less than 1 year

      Great people, hard work.

      Apr 1, 2019 - Workplace Services Assistant in San Francisco, CA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Great people, everyone is very friendly and supportive even if you are a temporary worker. If you are interested in a certain industry (like coding) feel free to ask people in those departments what it's like and what it takes to get a job. Social events are fun (although sometimes contract workers aren't allowed to go), company amenities are great, and the job requires a lot of walking around and sometimes heavy lifting (it's a pro if you like staying in shape). Reception experience was great to acquire too. Daily routine usually included making coffee, cleaning/setting up conference rooms, washing dishes, reception coverage, getting mail, and other miscellaneous tasks needed to be done for various company events. Overall, positive experience.

      Cons

      For this particular job, you have to get there a bit early (around 7am). There are employees who like to get there around that time so it's not too bad, plus you are able to leave around 4pm if it's not a town-hall night (once a month where you are expected to clean up after so sometimes that would be around 9pm). Eventually it becomes mundane task work but that's to be expected because this position is on a pretty low rung. Must point out that this job also requires cleaning trash bins and washing dishes for several people.

      1 person found this review helpful
    5. 4.0
      Current Employee

      Change can be good

      Aug 14, 2017 - Anonymous Employee 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      - Company direction - Confidence in CEO - Great people/talent

      Cons

      - Managing through change - More opt for learning and development

      Continue reading
      5 people found this review helpful
    6. 3.0
      Former Employee, less than 1 year

      Operations

      Dec 13, 2016 - Anonymous Employee 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      The company had really nice benefits. The free snacks were fantastic, actually the bagels on Fridays were my favorite thing. Great people in the Phoenix office (excluding some higher level of leaders). The new CEO seems awesome and will know how to right the ship

      Cons

      Lack of culture in Phoenix office for verification. They let go really talented leaders in SF and that impacted a lot of phoenix employees. The culture was broken after the layoffs in May and it never recovered. High turnover kills most progress that was made

      Continue reading
      3 people found this review helpful
    7. 4.0
      Current Employee

      It's what you make It

      Aug 3, 2016 - Anonymous Employee in San Francisco, CA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Overall Prosper has a lot going for it. There has been a lot of upheaval lately: lots of additional people have left after the recent layoffs. However, this turbulent time has created opportunities to step up for the people who chose to stay. Leadership recently acknowledged the morale issues after these events and recently created a employee run culture committee which should help clear the clouds still lingering from recent events. There are good things to come. There are still lots of great people here who are working hard to build an amazing product, and provide exceptional internal and external customer service. Location and benefits coverage is pretty good for san francisco.

      Cons

      Some groups weren't impacted by the layoffs and didn't seem to understand the impact the layoffs had on other teams. This has gotten better, but it would be great to see the leadership develop a company-wide retention and engagement plan to address ongoing turnover. This seems to be in the works, but it has not been a top priority. Recent turnover in IT and Engineering has left employees with majors concerns about product infrastructure and general platform stability.

      Continue reading
      9 people found this review helpful
    8. 4.0
      Former Employee

      Prosper

      Aug 18, 2016 -  in San Francisco, CA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Lots of positivity and great people to work with. My manager was a great source of inspiration.

      Cons

      Could have provided more insight as to why so much hiring was being done. Good company overall though.

      Continue reading
      1 person found this review helpful
    9. 4.0
      Current Employee

      Great company that is adapting to the market

      May 23, 2016 -  
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Snacks, opportunity to learn new things, great people.

      Cons

      Capital constraints and layoffs, noisy office.

      Continue reading
      3 people found this review helpful
    10. 1.0
      Former Employee

      Tough times...

      Jun 14, 2016 -  in San Francisco, CA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Great people at the individual contributor level. Unique industry with a whole lot of potential (if someone gets it right). Snacks are always stocked. Great benefits: 5% 401k match, fitness reimbursement, commuter subsidy, 100% medical, dental, and vision, etc.

      Cons

      Ultimately the overall health of an organization is a reflection of the executive team and works it way down. The executive staff was a carousel of people between 2015-2016. Someone with a "C" in their title was fired about every 2 months, no exaggeration. It was interesting a sign of a much larger problem internally. Prosper was not set up to succeed. It was odd that they always talked about transparency but weren't transparent. The company scaled way too fast due to seemingly to greed. Prosper Day was fun though. Roll out a rebrand, share a couple TV commercials, have an executive fashion show sporting the new colors, and then a few days later tell the company that we're on a hiring freeze and that the business is hurting. Hire as many people as possible, rent a bunch of space in SF & Phx, build a new office in Salt Lake, and lay off 28% of the company and sublease the extra space. I fear that tougher times are ahead. That said, there are far worse places to work. If you just need a job and are hurting to get back to work, this may be a good fit.

      9 people found this review helpful
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