As the title mentions, the Titanic is the best analogy I could possibly think of. By all publicly available metrics (earnings call transcripts), this business has already hit the big iceberg and water is filling the hull. Everyone that works here is constant fear of what's next. It really isn't a fun way to wake up every single morning and even the weekends are worse (from all the anticipation).
I'm getting off of this ship quickly, as are many others. Those that are left, the often backstabbing, lying, political heathens are all going down with the toxic environment they have created.
There's another very large group of people at this company, the incompetent, who are stuck dealing with this mess because they aren't able to find suitable jobs elsewhere. I do feel bad for them, but their hiring as been a large reason this ship is sinking.
This place is awful. It lacks any executive vision or leadership. The people you work with on a daily basis will be the first to attack you and try to cut you short the first time you show any progress with what you are doing. Yes, they are all scared too and they know the way to continue the journey for as long as they can is to make others who are succeeding look bad.
The board of directors set back and watched the previous executives completely dismantle this company and did absolutely nothing for nearly three years except approve layoff after layoff after layoff (there were at least three).
Many people included in these layoffs could have actually been very useful in helping TrueCar create value. It was so ridiculous that, they were laying off people (some in director+ level roles) that were just hired 2-3 months prior. Total and complete idiocy.
Mid-level managers are often just as clueless and ICs have very little direction. There's a new set of executives but it is too little too late. We need a real CEO (currently with an interim), but I doubt they can find one to take the job.
If any of this sounds appealing to you, by all means join TrueCar.
