I don’t see how Lendingtree pulls through this without a lot of suffering along the way for everybody at the org. We may get there, but right now, things are rough, and career success is a combination of what you bring to the table and the environment you’re navigating. This environment is incredibly hard to navigate. It’s becoming untenable for teams to function through restructures, resourcing cuts, and lack of clarity on who can own a tradeoff decision. More and more people are in situations they aren’t equipped to handle, and as balls drop and performance degrades, management is looking for scapegoats instead of taking ownership of their role in setting strategy and architecting functional teams. There aren’t enough mid level leaders to do that work, leaving junior team members underperforming because they don’t have the coaching they need or aren’t shielded from the constant swirl of org politics. Everyone is fried and frazzled, eroding trust and putting people on the defensive. It’s becoming impossible to build a career or even keep your head above water and do right by your colleagues. This is sad because there are some great people at the org, who work every day to stay in touch, keep the trust going, and deliver business outcomes—they just are set up to fail.
Particular pain points are a chaotic marketing reorg and new product leadership alienating peers and subordinates. But so many departments are just spread thin and struggling.
If you anticipate needing parental leave, be advised: the org recently quietly updated their policy to require 1 year of work at the company upon return, or you will have to pay back wages from the period you were on leave. They kept this information out of the employee guidebook update, so it is coming as a shocking surprise to team members who track down the information elsewhere. Get a look at materials as soon as you can in the hiring process to be sure you’re willing to invest time and effort in this company.