Toxic culture- bait and switch to relocate- not worth it.
Pros
They make an effort to hire smart, motivated people…
Cons
I mean they really, really make an effort. I think they put so much $$$$$ into hiring new talent from anywhere that isn’t Newport Beach that they must have forgotten about developing or compensating their own. Once someone steps inside PIMCO, especially in Newport Beach, it’s a toxic environment unlike any you’ve ever experienced before. It’s poison. No matter how hard-working or how driven you arrived, you realize you must earn your keep now. The team knows you were an expensive hire and you’re going to pay for it. The inefficient systems and practices begin to take a toll on anyone not wired to push paper in a tie for 10-12 hours a day without actually accomplishing too much of anything at all. But that FaceTime is what mid-management loves to see. There is no accountability, no ramifications for ineffective leadership, no team building. Managing people isn’t valued it’s dealt with. Innovation comes to die where there’s a lag in technology and a constant deficit in staff. There is no career development. Management can’t be bothered to think strategically for a year, let alone a quarter or even a month! Attrition is astounding and I think it will continue until there’s some accountability and perhaps a place other than Glassdoor to provide feedback to the person who’s responsible for your success at this firm. The person who’s supposed to be leading this team.
