Overstock.com Employee Review

Current Employee – been working at Overstock.com

Pros – Great work/life balance
Salt Lake is a nice place to live
Lot of tech resources available, fundamental business is sound
Pretty healthy gross margins and top line growth is impressive

Cons – Very poor upper management
Middle management is inexperienced
Horrendous expense management
Almost all of the gross margin is lost due to irrational operating, marketing and G&A expenses
Organizations are redistributed too often, business strategies are transient and shaky
No strategic vision whatsoever, company has an identity crisis

Advice to Senior Management – There is a stark contrast in Overstock's management team. If you were to draw a line down the middle, you would see a group of bright, ambitious go-getters on one side and a group of execs with no real experience outside O.co on the other. Product innovation is virtually stagnant and capital management is poor. Overstock's story reads like a b-school case study of a company with sound fundamentals that's handcuffed by poor management.

No, I would not recommend this company to a friend