Unstable and not able to deliver - Anonymous employee Lyte Employee Review

1.0
29 Mar 2023
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Most of the ICs are great people.

Cons

No job security. 3 different rounds of layoffs, and not just due to current market conditions. If you are not friends with the CEO, or an OG (the 25 year olds who have been at the company the longest) you are essentially just a cost burden and will be cut the second the company needs to become profitable. The problem is, the company is not profitable and doesn’t have an actual path to profitability without laying off over 50% of its staff. Product and engineering can’t deliver fast enough and the market will catch up. If you like uncontrolled chaos, ever changing company goals, zero job security, and well under market pay, this place is for you.

Explore other reviews about Lyte

5.0
8 Mar 2018
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Amazing team of diverse and passionate people working towards a mission everyone can get behind.

Cons

Hectic at times with how much growth we have

2
1.0
15 May 2024
Recommend
CEO approval
Business outlook

Pros

Everyone is very passionate about music and redefining the ticketing experience for live entertainment.

Cons

Toxic workplace with office politics and gossip. Normal pains of a startup, but overall did not feel like a safe "open door policy" environment to speak up or voice concerns.

1
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