Toxic company going downhill fast - Anonymous employee Altruist (CA) Employee Review

2.0
11 Mar 2024
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Kind and nice co-workers, well intentioned company that has no idea what it is doing.

Cons

There are so many reasons why this is a terrible place to work. - RTO. There was no real reason for disrupting the life of so many people. Jason (CEO) gave some lame reasons in the all hands a few months ago but they were not real reasons. I can say that with confidence as RTO is now in effect. If collaboration and team work were the real reason for getting people in the office we would not run all all hands the way we did last week. Jason and a few presenters literally locked themselves in a tiny room while rest of the employees were literally at their desk at the office on their headphones. How about using the 2nd floor room and get people together to do an all hands. People barely talk to each other. All 7 phone booths are always occupied and we have a single person hogging a 8 person conference room for the entire day. I have heard that there is now an attendance sheet for both office where someone is literally keeping a track of people coming and leaving the office. So much for a high tech company. I have met Jason twice in the kitchen and he had an awkward conversation with me before leaving for his next meeting. I never see him at the office. - The Culver city office used to have a lot of positive energy but it feels like a dead zone now. Everyone keeps to themselves and makes sure they are marked present in the attendance sheet. - Every year I have been here has been an existential crisis for the company. This year is no different. Its always "make" or "break". This tells me that either the business model is bad or the CEO has no idea what he is doing or both.

Explore other reviews about Altruist (CA)

5.0
14 Jan 2026
Recommend
CEO approval
Business outlook

Pros

Great vision to transform wealth management. Challenging yet fun problems to solve. Kind and ambitious coworkers. Great perks and offices.

Cons

High intensity, fast paced work environment but it's worth it.

4
1.0
28 Oct 2025
Recommend
CEO approval
Business outlook

Pros

Decent pay and benefits for a startup

Cons

Completely misguided and lack of leadership. Most inexperienced colleagues rely on veterans that have been in the industry to resolve issues. Any escalations to management are generally turned down with no resolution in sight. Company is going nowhere fast and the company goals set are impossibly out of reach. They had 2 layoffs within a year and will likely be dissolved or acquired if they don't receive another round of VC funding. Check online and look at how many rounds of funding they have received. Advisors are losing faith and pretty soon, they won't have any customers to continue on as a business. Do not apply and consider going elsewhere. You are wasting your talents at this firm. The CEO is completely out of touch and pays writers to fluff up his image in blogs for online marketing.

12
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