I heard rumors that back in the day like 10 to 15 years ago Bloomberg was very aggressive in terms of performance management. New employees being let go during orientation and onboarding/training? Is this fake news? Talking about straight up firing not layoff or rif. TC:180K
Yup I was put on pip at the start of orientation.
Really?? What was the reasoning? I worked at BBG (not as dev) but they seemed like they’re a nice company except sales
He’s kidding
I was at BBG for several years. PIP was common but the person needed to be an under performer for years . There was one case firing during onboarding (training as it was used to be called) but in that case the person was getting their assignments done by another engineer in the org and got caught.
I don’t think Pip culture at BB exists, I haven’t seen it. We hand hold new hires, onboarding process is a full year, which is the longest I’ve seen elsewhere.
Bloomberg's way of pip'ing is to give <2% raises and make you get paid much lower than engineers who have 10 years lower exp compared to you. You'll decide to leave for yourself. But if you are ok with it and work for about 10-15 hours a week, I think you can survive
Yeah I was pre-PIPed before I joined. Needed to perform during orientation to keep the job
Bloomberg will drop by your desk and ask you to subscribe to the news. When you tell them you can get the same news by googling, he will personally put you on PIP. Only way to get off it is to subscribe to Bloomberg news.
I have been in bb for years, never seen anyone fired. Of course seen very lazy engineers but they still ok here, just low raise. If someone get fired here, I mean he must have done very bad things. If you get piped here, I mean that means you’ll get piped anywhere.
Earlier, Bloomberg training had a test with a 80% score or something required to pass. Pretty easy to get, but if you didn't you were out. I think it was removed a decade ago.
This is it and true. It was removed 5 years ago or so
In the past yes there were stories of new grads getting fired if they don’t score well in their training class, but not anymore. Today BB, you would have to under perform for more than a year (maybe longer?) to have a pip and you’ll know very clearly from your eval.
Who cares if its true or not. It was 15 years
Interested in knowing how it went away
Yes, use to be like that. Kind of more similar to an IB or hedge fund culture than big tech. I think it changed when Mike left to become mayor, but continued when he came back because of competition for talent from companies like Google made recruiting hard with that kind of culture. If you are a top new grad looking for your first job, why would you accept a position where you had a chance of being fired during onboarding. That said, imo we overcorrected.