One area where Lighthouse has always been a little bit soft has been in compensation. They never quite paid market rates, typically 10-15% under market. That used to be offset with job security, in that the company had never had a mass layoff event. This unfortunately is no longer the case. Lighthouse hired a new CEO, Ron Markezich, and 3 months after literally telling all employees during an all hands meeting that Lighthouse wouldn't be laying staff off...the "difficult decision" was made to terminate 7.5% of the company. No mention of potentially absorbing this downturn from shareholder returns as was the company culture for the last 20 years. No mention of the executive teams taking a haircut...nope, just cut the team. Lighthouse has given up its position of being an employer you can put roots down at. No longer is the kind of job security that made up for the pay rates being less than market rates. Another area where Lighthouse has slid is in the trust between leadership and the employees. With the most recent shuffle at the top, and the subsequent changes...it has become clear that leadership doesn't hold any stock in the company culture that has been built over the last 20 or so years. The culture that made Lighthouse one of the best places in the world to work...is gone.
