Constant change / jobs outsourced
Associate Vice President, Application Development (Current Employee) – San Diego, CA – February 29, 2016
LPL Financial is in constant change, with reorganizations occurring before the company can recover from the last reorg. There has been a large effort to outsource jobs to external companies, eliminating the positions in IT and operations. The company eliminates individual contributor positions through attrition, but still manages to grow the executive leadership team.
The projects are increasingly unattainable, due to over-commitment to customers and deadlines that are mandated by conference dates rather than being thoughtfully planned and project managed.
Although some managers offer flexible schedules, the hours frequently involve multiple weekends during the month to support require releases.
The company offers a Stock Purchase program, but the stock price has tanked, leaving employees under water with their stock holdings.
Flexible schedules, supports community
Frequent reorgs, too much Senior Leadership, outsourcing jobs