There are newer employer reviews for Overstock.com

Great company if you're in the right department.

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Current Employee - Analyst in Salt Lake City, UT
Current Employee - Analyst in Salt Lake City, UT

I have been working at Overstock.com full-time (more than 5 years)

Recommends
Positive Outlook
Approves of CEO
Recommends
Positive Outlook
Approves of CEO

Pros

- lots to learn
- fun people
- lots of opportunity to move up or around

Cons

- company reorganizations, letting people go without warning
- some parts of the business are led by people who don't necessarily have any business managing others
- cliques

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  1. Helpful (3)

    Rapidly changing, ripe with opportunity, but only because top management is bi-polar and create an unstable work enviro.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Worked On Special Projects in Salt Lake City, UT
    Former Employee - Worked On Special Projects in Salt Lake City, UT

    I worked at Overstock.com full-time (more than 5 years)

    Recommends
    Negative Outlook
    Disapproves of CEO
    Recommends
    Negative Outlook
    Disapproves of CEO

    Pros

    Laid back atmosphere, flexible. Has tremendous community values on some things. Excellent development team.

    Cons

    Upper management uses emotions and will often make decisions on things they do not understand. Moving ahead in the company more often is who you know, not how hard you work. Bonus system is next to nonexistent, unless you are an executive, and never transparent.

    Advice to Management

    Trust the people you hire instead of having to be involved with every little decision. Quit paying yourselves so much and give it to the workers instead. This economy and country is being destroyed by those at the top of business. Quit adding to the problem, please.

    Overstock.com Response

    Nov 1, 2013Senior Vice President, Human Capital Management

    The bonus system was changed for 2013 to address concerns like those expressed in this review about transparency. Basically, the 2013 bonus plan is to take a designated percentage of company profit ... More

  2. Helpful (11)

    Thoughtless, careless leaders. The worst I've seen.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Overstock.com full-time

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    There's a lot of opportunity for learning and advancing yourself at this company; however, there is little "mentorship" or help. In order to succeed, you must be able to learn complex systems on your own.

    Cons

    To the review who stated, "some employees think a company exists only to make their lives better," shame on you. Every employee I worked with at this company WANTED Overstock.com to succeed, put in hours of effort and sweat, and have gone through the grinder to make Overstock.com what it is today. Your comment shows exactly what is wrong with this company.

    Here are some of the "cons" I witnessed throughout the years I worked for this company:
    - Random firing sprees. I witnessed one of 20+ people or more, none of whom were on a performance plan and had any reason to believe they would be fired.
    - Random firings. If you have a laptop in a meeting, or look at your cell phone (even if it's work-related) and an executive doesn't like it, you could be asked to leave the company at that moment.
    - "Trial and Error Promotions." When someone leaves the company, instead of hiring or promoting, Overstock will FORCE the responsibility on to someone, and not give them a pay increase or a title change. Several "managers" are doing the work of senior directors. One VP is particularly to blame for this, and claims that "we'll change things in February, when it's time for bonuses and raises." SHAME ON YOU.
    - Degradation of knowledge for internal systems, causing degradation of the company itself
    - Lack of overall strategy. This company is THE MOST REACTIVE you will ever work for, and you will NEVER be able to set a long-term strategy in place because of this. Don't even bother.
    - Politics and nepotism. Favorites are consistently promoted to the top, even if they lack the necessary skills to complete the job. This causes a VERY LOW moral and the "workers" to be unmotivated and careless.
    - A general lack of care for the employees by upper level management. Employees are looked upon as grunts that don't matter, forced to work unbelievably long hours for unbelievably NON-COMPETITIVE PAY.
    - The company was told every year, "the bonus pool is going to be great!" and every year, without fail, there is some excuse as to why the bonuses are bad. People will be told, "don't worry, it's worth it for the bonus!" by upper management, only to be shafted when it comes that time of year. Don't even count on a bonus.

    All in all, the leadership of the company is destroying the company, day by day. For years, they have said they will change, for years they have not. Don't expect things to change any time soon. This is not a place for a career.

    Advice to Management

    Get rid of the upper-level leaders who are selfishly looking out for themselves, driving out your valuable and ethical employees. The problem starts at the top, and needs to be fixed there as well. Stop ignoring the problem.

    "What problem?"

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