Transamerica

Confusing Change of Direction - Marketing Director Transamerica Employee Review

3.0

29 Sept 2017

Recommend

CEO approval

Business outlook

Pros

Great people in my location (Plano, TX). Provided lots of opportunity for career advancement, although the pay increases sometimes lagged behind the promotions. Also provided opportunities for development of skills that I will carry for the rest of my career.

Cons

Pay ranges were low by industry standard. More concerning is the change in direction starting in 2015, when the CEO (who's a lawyer) reacted to a lawsuit by suspending almost all marketing and sales to conduct an audit and product review. Understandable, but the process took so long that nothing was ever re-started. Ultimately, this led to the dissolution of entire business units and product lines - the most profitable ones, at that - and thousands of layoffs (myself included). The company has permanently lost a substantial percentage of its net worth, and there's little internal confidence that it can ever be recovered.

Transamerica Response

Thank you for your feedback! We’re glad to hear you enjoyed your co-workers here during your time at Transamerica. We try to show our employees how much we appreciate them by paying them competitively, through the BRAVO recognition program that’s in place and by celebrating Employee Appreciation week in June. We always welcome new ideas and we wish you much success in your career.

Confusing Change of Direction - Marketing Director Transamerica Employee Review

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