Washington Mutual - Morale problems | Glassdoor
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There are newer employer reviews for Washington Mutual

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"Morale problems"

StarStarStarStarStar
  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Senior Project Manager in Seattle, WA
Current Employee - Senior Project Manager in Seattle, WA
Doesn't Recommend
Disapproves of CEO

Pros

Decent benefits and the retail bank division is solid and something to build on

Cons

No senior management that made the strategy decisions that cause the enormous losses has taken responsibility nor lost their job but the employees on the low end that had no input and worked diligently are being layed off. This has caused morale problems. Also outsourcing of just about anything that can be is upsetting the work force.

Advice to Management

Take responsibility for decisions that cause the stock price to drop, during layoffs show that you are being affected as well as the folks on the ground doing the work.

Other Employee Reviews for Washington Mutual

  1. Helpful (1)

    "Good place to work if you just want to punch the clock and go home...don't expect to be inspired."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in Seattle, WA
    Current Employee - Vice President in Seattle, WA
    Disapproves of CEO

    Pros

    Laid back, low pressure environment; decent compensation for the work required; opportunities for job change within the company; paid time off allowance

    Cons

    Uncertain financial future; benefits package could be better; passive aggressive culture; difficulty obtaining information; difficulty getting things done to to overly bureaucratic culture (everyone has to "buy in")

    Advice to Management

    Institute a system that requires/rewards personal accountability at every level (allow people to get things done but hold them accountable for results). Explain to employees why you are making so much money when the company is losing its shorts.


  2. "A fine place to work, but don't expect to be inspired"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - First Vice President in Irvine, CA
    Current Employee - First Vice President in Irvine, CA
    Disapproves of CEO

    Pros

    - Flexible with time off and family matters.
    - Pay and benefits are competitive.
    - Senior leaders have recently made an effort to meet with the average Joe worker to tell them what's going on.

    Cons

    - Focus has been on outsourcing as much as possible, which is not bad on its own, but it has been approached in a way where resources from outsourcers are treated as "second-class citizens". Hard to build team unity when half the people are shuffled about like office supplies.
    - Senior leaders will never admit they make mistakes. We've been given the "market conditions" excuse for everything from layoffs to bad coffee. They seem to be too afraid to be honest in fear of losing their jobs, so they never learn from their mistakes.
    - Most senior leaders are more focused on job preservation than actually pulling out of the current situation. The CIO is the poster child for this.

    Advice to Management

    You seem to be afraid to make any real changes besides those you are forced to make by the market or by new owners. WaMu will never pull out of this unless someone is willing to take some risk to truely re-invent the company instead of just focusing in on staying "independent", which appears to be Killinger's only goal before he retires.

There are newer employer reviews for Washington Mutual
There are newer employer reviews for Washington Mutual

See Most Recent

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