Lendistry Reviews

3.1

40% would recommend to a friend

(96 total reviews)

Everett Sands

56% approve of CEO

34% positive business outlook

Lendistry has an employee rating of 3.1 out of 5 stars, based on 96 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Lendistry employee rating is in line with the average (within 1 standard deviation) for employers within the Finance industry (3.7 stars).

Reviews by job title

96 reviews
3.0
30 Mar 2022

Great Company Vision, Horrible CTO

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Vision of Lendistry is awesome. The majority of the executives exemplify the vison and the idea of what Lendistry claims to be and what they strive to be. I believe they can accomplish their goals if they root out the bad before it's too late. Cost of medical/dental/vision benefits are starting to go down This is the first company I've been in that has such a diverse executive staff. A lot of strong women to look up to if you are a woman seeking to grow your career.

Cons

The engineering department under the current CTO is extremely toxic. If you do something that the CTO does not agree with, you run the risk of getting yelled at. A few people even had their job threatened. So a lot of people are keeping their mouth shut for fear of retaliation. CTO does not believe in Agile and says that "Agile Scrum" will not work in this environment. But he will not provide a roadmap of a process to follow. You can do one thing one month, something happens and he makes you redo the entire "process" while making comments implying we were doing something wrong the whole time. No consistent, stable guidance. He has given his "key players" authority to deny and refuse software update requests from the business. And he admittedly works in an environment of interruption...which means you have to interrupt him. And that means he will interrupt you and pull you out of meetings. He's more of a dictator than a leader and does NOT fit the environment the other executives have created in the other teams.

2.0
21 Sept 2021

Yikes - Not Recommended

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

They pay decently and my co-workers were great. Remote work-friendly environment

Cons

There's a whole bunch going on here. Most people are unaware of where they work or what department they report to. People are let go instantly even when given two weeks' notice. During my time, I saw high turnover and most people have not been with the company for more than 5 months. Benefits were expensive and the HR department leadership seemed to not understand the actual benefits. They just hand you a printout from Trinet. There was no handbook or even a formal COVID policy. Executive leadership handcuffs anyone who can be useful to help employees. PTO was limited and even when you took PTO, your manages would call you in. Promises to improve benefits are in the future, but doubtful. They also announced PTO changes several months ago and it's never happened. The entire culture could be described as highly toxic and I know of several people who quit or left due to stress, were randomly fired, or just seemed to disappear? We were never told about 1/2 the new people joining the team or when people would leave. (No outlook auto-replies, no announcement, nothing. People's bosses would quit or go on "leave" and never return so they didn't know who was taking over that workload" We were promised a great culture based on diversity but instead got a workplace that was unorganized, fearful, and burned out. Everyone is expendable in the eyes of leadership. Disciplinary action was inconsistent, people were promised things that took forever to occur or never occurred. There's no path to advancement for anyone, no directory of employees to reach, and even something as basic as "Can I see your company handbook" is unable to be answered. The lower-level HR was always insanely apologetic and you can tell that they get the run around too. They're only allowed to provide vague non-answers. The company will praise itself for being minority-led but has no real D&I program that can be seen or affinity groups. My technology was constantly breaking, my virtual machine was replaced several times. It took a month to even get a keyboard and docking station.

1.0
7 Sept 2023
Recommend
CEO approval
Business outlook

Pros

The only pro was that this was a remote job. I was able to complete the same amount of work that I could in an office, at home.

Cons

When I first began at Lendistry, it felt like a family. Coming from a previous toxic job, it was like a breath of fresh air. You were commended for a job well done. Merit mattered. There was no such thing as low level employees and upper management. Everyone worked together to reach the goals as a team. Your hard work was recognized. As the company grew over time, it became a very fast-paced and extremely toxic environment. They were more worried about the numbers than their employees. Everyday was a stressful day. It used to be all about merit but as the company made more money and won more contracts, it became more of who you rubbed elbows with. The good employees were easily let go while the lazy and simpleminded ones remained. As a result, those who did their job well did not make the cut. At this point, the number of years and loyalty that you invested in this company did not matter. There were many people who were with Lendistry as a small company and lived paycheck to paycheck or relied on this job to stay afloat and were let go/fired/laid off without a moment's notice. People who were diligent, always did their work, and never got in trouble or written up, were fair game unless you were upper management. All the money that could have gone to the hard-working employees who were doing all the grunt work was instead invested in higher management hires and their bonus packages. As a result, those that were lowest on the totem pole but did the hardest work were left with wages that barely covered the cost of living, if any. This company cared more about hiring the most notable people and assigning them c-suite or executive positions. Lendistry used to preach that merit determined your pay and raise. That was all smoke and mirrors because they created a bonus system that rewarded those who were high in the totem pole, but completely glossed over those at the “bottom” that did the most grunt and dirty work. The yearly evaluation was rigged. Your raise was determined by the overall score you received; however, it was made known that receiving more than a 3, which was a 2.5% raise (a percentage LESS than the current cost of living!!!) was the average. A score of 5 was given scarcely because it meant a higher raise. This company literally set up a system so that every one got less than the bare minimum. As someone who always crossed their T’s and dotted their I’s, did everything I was told to do, if not more, and invested in my mental health into this employment, I was blindsided when I was terminated because Lendistry gave me an impossible ultimatum. I was given a choice of moving to California with the caveat of being demoted, getting a lower pay, and going into the office every day. To make matters worse, Lendistry did not offer me a relocation package or financial assistance that would help cover the cost of living/moving to one of the most expensive states. The second choice was to be terminated effective immediately. They wanted me to make an impossible and massive life decision by the end of the next day. They wouldn’t even give me the courtesy of using the rest of the week to sort out my matters even though I was with the company for more than three years. At 7:50 a.m. the next morning, I was bombarded with multiple calls and messages from my manager and HR forcing me to give them an answer to their ultimatum. I was left with no choice but to let Lendistry let me go… They let me go with no notice, no back up, and no future-planning. So long story short… Lendistry talks the talk but does not walk the walk. You are disposable unless you are upper management. If you are looking for a place of merit, don’t look here.

Viewing 1 - 3 of 96 Reviews

Glassdoor has 101 Lendistry reviews submitted anonymously by Lendistry employees. Read employee reviews and ratings on Glassdoor to decide if Lendistry is right for you.