Pros
- Remote first. - Unlimited PTO. - Friendly people.
Cons
1. The level of incompetence of some managers is beyond me. The fact that people who are absolutely clueless about the products/clients/management are put in senior management position shows how much this company has deteriorated. They are doing harm to the business and destroying morale and need to be fired immediately. They say they’re a meritocracy and encourage making mistakes, but truth is good work is not rewarded and failures are punished. People who have been here for a long time are in the position of power and have way more equity than the others. Also doesn’t seem like anyone is taking any effective action to address the issue, despite constant complaints. (Do you really think running a Manager Certificate program is going to address the issue?) 2. Business model is very risky. Yipit doesn’t own most of the data except for Edison, so there’s no moat. Most data comes from web scraping and partnerships, which means there’s a real risk to revenue if companies start implementing anti-scraping measures or partners terminating partnerships. This is actually happening right now. 3. Culture has died. Ever since the layoff in January, the cultural values have become a joke. Management talks about culture only when it’s convenient to them. People are looking after themselves to prevent from getting laid off in the next round and it’s getting extremely political. Also look at the responses to bad reviews from People Ops - they’re doing it for damage control and is honesty cringeworthy. Just another faceless corporate America. 4. They’re pushing the team extremely hard to squeeze every last ounce of productivity left in them to compensate for their lack of vision and strategy. People are burnt out across all departments but business is still struggling. In the meantime, they’re implementing tight cost control, even on initiatives that could contribute to business growth. 5. Compensation is below market rate. Instead of raising salaries, they’re trying to rationalize why they offer below market rate. 6. Yipit is NOT a tech company. The amount of bugs and failures in internal tools is astonishing and no one seems to care. Engineering capability is subpar. 7. They’re also hiring a bunch of executives whose values are questionable, while refusing to hire more junior people who can help reduce the workload.
