LoopNet reviews

2.8

38% would recommend to a friend

(18 total reviews)

Cameron Stewart

40% approve of CEO

38% positive business outlook

Reviews by job title

18 reviews

Reviews about "Culture"

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5.0
Nov 22, 2013
Recommend
CEO approval
Business Outlook

Pros

I've worked at LoopNet a long time and have appreciated the opportunities to move up and grow in my career. Here are the best parts of working at LoopNet: - Designing, creating and building new technology that is improving the professional lives of our customers (commercial real brokers, agents, investors, developers, etc) and helping to re-shape and modernize an industry - The CEO of CoStar (parent company to LoopNet) and President of LoopNet have both founded and built their own companies from the group up and are entrepreneurs at heart - Strong vision and financial management from the c-suite has more than doubled the market cap in the last 12 months - Management actively seeks input from employee and responds to feedback - Opportunities to find and work on projects that excite you - HR and the leadership team care about the employees and help put people on the right career track - Coworkers that are supportive and who appreciate/respect the work/life balance at LoopNet - The benefit package and office perks are great (partially paid for my master’s degree, plenty of PTO, subsidizes public transit, provides a locked room for bike storage, pays 80% of the gym membership, free snacks in the office, regular happy hours, Giants games, etc) - The company was supportive and respectful when my children were born, enabling me to spend more time supporting my wife and kids - Great location in the heart of SOMA

Cons

I don't have any major cons about LoopNet. Sure, as the company has grown from a start-up to a 2,000 person company, there are more protocols and work rules, but that is no different than any other mid/large size company.

4.0
Oct 10, 2013

Enjoyable place to work pre-acquisition

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

This is pre Costar acquisition, but they had supportive senior management, a nourishing environment and good live/work balance

Cons

Culture seemed unwilling to take risks, but in light of the acquisition they may have been playing it safe while they prepared to sell the company.

2.0
May 23, 2013

Sad for the current company

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Team management is great. Happy hours every Friday. Breakfast Monday and commuter checks

Cons

The have doubled price, cut leads in half, opportunity in half and doubled commission. Oh and we compete with the same leads as other parent company reps. Costar purchased loopnet over a year ago, and everything was fine until January. Costar fired 15 reps some based on performance and some not. When asked what metric they used we were told to go back to work. Then we spent 5 days at a conference where costar management basically told us we had no place in their long term plans. When asked management told us we have a job now so go to work. Since then the company has been bleeding personelle with 2-3 people a week leaving. In march there was a pricing discrepancy and when asked management told us to take advantage of that. In April they announce they were going to take commission away for those sales upward of $1000+ for some people. Only when we petitioned to keep our pay checks did costar finally give in. Culture has changed and it is no longer a good place to work.

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