Prosper.com FAQ

Pros

The flexibility of working from home. Okay benefits, snacks and internet reimbursement.

Cons

Witnessed a manager who’s been there for 10 years laid off. What a turn off. Can’t feel your job is secure in this company always laying people off. I’ve witnessed some of these peoples hard work and contribution to the success of the company just to be let go like trash. This company can be an awesome company with the exception of job security. If you’re a job hopper this company is for you.

Advice to Management

You guys have a history of letting go talented productive individuals. Not recommended for job security

Pros

Good benefits and perks. Pretty competitive.

Cons

1. No room for career growth. 2. There is an important number of employees from India in the SF office, and that makes inclusion more difficult. 3. If you manager likes you, you will be promoted! (even if you don't have the skills/experience).

Advice to Management

Treat people equally. Train managers.

Pros

-100% paid for medical, dental, vision, and 401k matching

Cons

-Absolutely everything else -Remote inflexibility to the point of pushing leaders to push their teams to come back into the office. -Flexible PTO is not real. You can only take time off at the liberty of your manager. Flexible time off does not mean flexible time off. Flexible time off means whatever mood your department head is in, is what you will get to take off. -Private “equity” grants are comical in nature. Even after 4 years you are barely cashing out a few hundred dollars while the executives of the company are continually promised 100% of their salary as bonuses and if people do not like that model of operating, they are told by the top executive to leave. The equity is a big joke. It is valued between 3 to 5 cents and is somehow used to lure tech candidates into working at Prosper. -Executive team is filled with virtue signalers, and no one who really wants to take action on D&I. -At the start of COVID-19 everyone who made over $100,000 annually was forced to take a pay cut. Everyone except the CEO took a pay cut. He only took a pay cut several months later. -In providing feedback to people, they cite personality as an issue with internal hires which is extremely problematic. -Diversity and Inclusion is not existent and not important to Prosper. The top executive (CEO) is scared to say the word “Black” he refuses to use that word because he has no socio-political awareness of the term. -The credit card is Prosper’s new product. The CEO said that they are making the card “inclusive” as they are targeting the card towards underrepresented minorities to help them build their credit. But is this not just a loop to get minorities in debt then borrow money from Prosper to pay it off? -Prosper does not value the physical health of their employees. There were innumerable times where employees came in sick, with massive health issues, knowing they had viral illnesses, or were dealing with family deaths and they were required to still come into the office because remote work was not okay. -Fitness reimbursements were taken away and there is no foresight into it coming back. Again, not caring about physical wellbeing of employees. -The only reason Prosper is flexible to remote work is because they had to be. They had absolutely zero intentions of going remote, and they still want employees back in the office. Execs have insinuated that he did not trust them enough to work-from-home. So that should be telling into the remote work culture. -Employees, especially in Operations and HR, are expected to be “online” on Slack during “business hours” even if they are salaried. Prosper does NOT trust their employees to get work done without babysitting. -When Prosper used to be in the office pre-pandemic, the C-suite in charge of HR would come in around 11:00 AM but the rest of the SALARIED HR Team was expected to be in by 9 am, even though exempt employees do not follow a working schedule. -Language was used saying that recruiting hired an “African-American” person and were doing well on hiring diversely. That is extremely inappropriate and reduces human life to a checkbox. This kind of rhetoric is extremely anti-DEI, as is Prosper. -This all needs to be said for Prosper to move forward as a company.

Advice to Management

-You are a leadership team of all white people and/or men. That needs to be fixed.

Pros

Salary is decent Benefits are good

Cons

Sacrifices culture at the expense of costs Always runs lean

Advice to Management

Revisit company values

Pros

The benefits such as the insurance and the free snacks and drinks

Cons

Quality assurance, the poor management, and the hr team who picks and chooses who they help based on preference and race. I quit because I was lied to and back stabbed by the hr team.

Advice to Management

Get it together , outsource your hr to a 3rd party who plays neutral and treat your hourly employees better. They do all the work!