Altruist (CA) reviews

3.6

70% would recommend to a friend

(85 total reviews)
avatar

Jason Wenk

64% approve of CEO

57% positive business outlook

Altruist (CA) has an employee rating of 3.6 out of 5 stars, based on 85 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Altruist (CA) employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

85 reviews
1.0
Aug 1, 2023

Good mission turned into highly toxic work environment

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Promising product, okay benefits, okay salary

Cons

Announcement of RTO coming out of nowhere. At least 50% of all employees are not even located in CA. Most have families, young kids or own property that they're expected to sell and relocate to LA. Zero empathy from upper management when this issue was addressed. I got told that I can be lucky to even have a job given the current economy. HR Team is proud that they stayed "under budget" for this review cycle while a lot of people didn't even get cost of living adjustments or any other raise, even if all OKRs have been hit (and exceeded) by miles. Lots of praise from middle management and also exec team during All Hands, but no rewarding actions whatsoever, we're just expected to "keep on grinding". Lack of structure and no interest in people's career development. Good work will not get rewarded.

1.0
Mar 30, 2024

Horrible Leadership, Awful Decisions

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

The product has amazing potential, and the work is truly interesting and can be rewarding. This team is building something that could be a genuine game-changer in the industry.

Cons

Awful leadership. Rude, poor communication, and confounding decision-making. I wasn't opposed to RTO when it was announced, and originally it seemed like they were going to be treating it with care. However, that hasn't been the case. The office in LA is horrible - it is incredibly noisy (no sound insulation, no walls, music playing, traffic outside, etc.), there is never any space to take meetings, and there isn't enough room for the whole company. (So much so that we trade off days we go into the office currently - which is laughable since the whole point was to "collaborate.") If the offices weren't ready, we should have waited until we could comfortably fit everyone before we started coming back. The extra few months not only would have given people more time to adjust, but would have allowed us to properly prepare the offices, and would have given us more support from colleagues staying during this busy time.

2.0
Oct 4, 2023
Recommend
CEO approval
Business Outlook

Pros

- Team and manager dependent, but working culture is relatively relaxed for a company moving as fast as Altruist is - Employees live by company values on a day-to-day basis moreso than anywhere else I've worked; almost all of my coworkers are a joy to work with - The work is very interesting, and there are lots of opportunities to take ownership of big, meaningful projects inside the company early in your time there

Cons

Return to office is going to be a disaster for Altruist. There are many people at this company who are going to be forced out, even if they really want to move to California. Only giving your employees six weeks to decide whether to move across the country, only eight months to make the move, and an insultingly small package to do it with means that some people who want to make this happen will not be able to. People on year long leases, with children who will need to start at a brand new school with three months left in the school year, anyone who is a caretaker for another family member, or anyone with a disability that prevents them from moving or participating in hybrid work are all at risk of being pushed out of the company. The timeframe Altruist has given to its employees for RTO is inflexible and far too short. Additionally, there was little transparency into the data the executives used to make this decision. When questioned about it, Jason’s response was effectively “trust me”. Executives said they expect only limited turnover as a result of this process, meaning they’re either out of touch or RTO is a capricious and erratic attempt to cut payroll. One of Altruist’s key values is kindness, but this move feels cruel. The way Altruist handled the 2022 review cycle is embarrassing. First, the end of year process that was supposed to take place in December of 2022 was postponed to April and then to June / July of 2023. This was all under the guise that they wanted to wait til after self-clearing launch to do these reviews. I know people who worked day and night for days on end to make the self-clearing launch happen, only to end up with raises that didn’t match their contributions paid out seven months late.

Viewing 4 - 6 of 85 Reviews

Glassdoor has 91 Altruist (CA) reviews submitted anonymously by Altruist (CA) employees. Read employee reviews and ratings on Glassdoor to decide if Altruist (CA) is right for you.