Pros: fantastic esop, if you can cash out soon! largest photography company of its kind, on earth
Cons: difficult to forge a career path, dying industry, stale products, mean or incompetent field managers, poor training, low pay except for the chosen few
An ESOP company (great benefit if you grew up with it), Lifetouch is now a megalithic photography company trying to avoid dying the slow death of a thousand cuts from the Internet, social media image sharing sites, mobile devices like tablets and smart phones, and computers.
Mom wants her images on her phone, tablet, computer, and social media sites. – more... She no longer wants to pay $20 to $40 for a wad of mediocre portrait prints that will be stuck in a drawer. Can Lifetouch figure out how to play in the new, mobile, online world? Stay tuned!
Recent strategy for growth has been to buy up flailing competitors. Once they own all of them, the general market shrinkage is likely to cause an implosion.
Management wants to hold on as long as possible before cashing out their shares... I wouldn't want to be left holding the last ones!
Corporate culture is full of nice people and back stabbers, a few really sharp, competent folks, many normal people, and some really incompetent placeholders who must have done something right, way back when...
Field office culture can be horrific. Managers make all the real money. Photographers are hourly employees who work ridiculous hours, get paid below average wages for what they are expected to endure, and have highly uncertain schedules, from what they tell me. Most of the offices I visited were toxic. Only two were really upbeat. – less