Bread Financial reviews

4.1

80% would recommend to a friend

(1,711 total reviews)
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Ralph Andretta

90% approve of CEO

80% positive business outlook

Bread Financial has an employee rating of 4.1 out of 5 stars, based on 1,711 company reviews on Glassdoor which indicates that most employees have an excellent working experience there. The Bread Financial 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

2K reviews
3.0
Mar 4, 2016

A journey

Recommend
CEO approval
Business Outlook

Pros

Working for Alliance Data was one of the most frustrating experiences of my life. I joined the company in 2004 and I loved most of the people I worked with, and liked the others. The corporation cared about people. I watched them rescue small towns by buying call centers that were headed across the ocean. Alliance Data helped those with disabilities by offering meaningful opportunities, offered some of the best benefits you could ever ask for, and continually outperformed their competitors even during the downturn in 2008. When things got tough, they got creative. Alliance Data had a set of core values they made important: Communicate Openly, Work Together, Build Trust, Teach and Learn, and Innovate and Create.

Cons

Fast forward to 2012. Money was attracting different talent. Growth was out of control. Slowly, the changes started -both good and bad. An annual layoff cycle was started to weed out political rivals. Bullies were hired in favor of leaders. Spending went out of control. The ones that tried to stop or slow down the insanity were caught in the next cycle and replaced by more bullies. Phrases like “get on board or get out” or “it’s not personal, it’s just business” replaced “how can we make it work” and “who else should we ask.” A tyranny was blossoming. I honestly felt I had been placed in a Dilbert comic strip from the 90's. Our teams continued to accomplish the impossible. But this made our leaders angry. The leaders wanted us to fail. Every time we meat an impossible deadline (typically exceeding it) we were reprimanded for working too many hours and lost out on any reward. Managers were given conflicting tasks to put them at odds and create conflict. Managers were punished for sharing any information with each other. The leaders at Alliance Data are actively trying to destroy it and no one seems to care. Eventually, I too was caught in the latest round. I dared to speak out against a runaway project with no upside. I even came up with a plan to save the company the same amount each year (for the life of the company) to help them offset the albatross. I was let go within weeks after 12 years of exemplary service, numerous awards, and a loyal following. I was even told at my exit that I had great skills but I just wasn’t wanted there anymore. The leaders needed a different style of management. I honestly was ok with all this. I had grown disheartened at the unchecked downward spiral of the company.

3.0
Jun 9, 2015
Recommend
CEO approval
Business Outlook

Pros

I worked at Alliance Data for over 8 years. I started in the call center in college and moved to the Retail HQ where I worked for a few years. The company has a ton of great people and they have a great road map for the future of the organization. The culture as a whole is top notch and a vast majority of the associates are good at their jobs and an absolute pleasure to work with. They invest in their employees and as a whole want to see them do well.

Cons

The biggest negative I encountered at Alliance was that quality of work often took a backseat. They catered to and promoted those people who were always happy and upbeat, even when they weren't typically very good at their jobs. Meanwhile, those who preferred to come in and focus on doing good quality work were frequently held back from moving up in the organization. I had the misfortune of working for a manager who was particularly incompetent and frequently passed the buck down to those underneath him. More than once I was prevented for applying for positions internally that fit my skill set and experience simply because my manager did not want me to.

1.0
Oct 11, 2014

Generally, a negative employment experience.

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

The investment in company infrastructure (databases, PC's, phone systems, etc...) is excellent. Low level, team, management generally relates to their assigned teams well, which is really the reason ADS is able to meet the contract commitments they have sold.

Cons

Company culture is closed. The goal here is to keep departments in the dark on their related contributions to organizational goals. Leadership has a silent, "don't ask...don't tell," policy. Those asking too many questions will be told this, in no uncertain terms. Senior leadership, in partnership with HR, can be abusive. There is absolutely no room for growth.

Viewing 46 - 48 of 1,711 Reviews

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