What's the plan, guys? - Anonymous employee LOOP (TX) Employee Review

2.0
3 May 2024
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Fully remote Able to do more than just your job description Great people for the most part

Cons

Very inexperienced senior leadership. C-suite leaders are mostly all talk and really have no idea how to build and run a company. Great company mission but often fails to walk the walk. The tech is very very bad and not at all user friendly for customers or employees. Lots of manual processes that won't scale and after 2 of the product team building a new admin system they came out with essentially a new kind of overly manual process that doesn't actually solve anything. Aside from that though, at least there are constant layoffs. This company spends money on ridiculous things (swanky Austin office space, year books, etc) but doesn't spend on things employees actually need like good working computers to do their jobs (I had a cheap PC laptop that was insanely slow).

Explore other reviews about LOOP (TX)

5.0
12 Oct 2023
Recommend
CEO approval
Business outlook

Pros

Learned new skills about running a start up overall and development great sales skills.

Cons

Constant change, instability and layoffs.

1.0
20 Mar 2024
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

My team was great, and there are a few people left who are hard workers and great at what they do. But that's where the pros end.

Cons

Where do I begin? Their premise of fair and equitable insurance is noble, but this cause was chosen for the wrong reasons. Both CEO's seem to be in this industry for the potential money to be made. I don't believe either of them are in the business to make changes in the industry. Everything they say/do is for PR. It's all smoke and mirrors. There is a lot of virtue signaling and white savior complexes, which gets tiring at best and demoralizing at worst. The driving app they tote is absolute garbage, their tech stack is a complete joke. The CEO's will throw investor's money around to take senior leadership on retreats but lay off complete departments in the same week. Barely anyone in the organization has any industry knowledge, including the remaining executives. I legitmately feel bad for their customers. The company promotes unprofessionalism at the highest level. The people remaining at the company are ones that kiss the CEO's collective bums. No raises were given and performance reviews were pushed back at least 3 different times during my tenure for various reasons. The company is still at a Series A, and would give different excuses as to why they couldn't fundraise. Maybe because they literally haven't done anything worthwhile since they launched? Potential employees...RUN. Honestly. There is no saving this company. I'm shocked they're still in business.

10
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