Avoid at all costs! - Anonymous employee LOOP (TX) Employee Review

1.0
15 June 2023
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Decent benefits—unlimited PTO, 401k match

Cons

The worst company I’ve ever worked for, and it starts from the top. CEOs are veryyy inexperienced in not only insurance, but more importantly in leadership. They do not know how to manage a team, much less a company. Another review mentioned virtue signaling and that is completely accurate. They lie and say they want to provide fair insurance, but they have done nothing to help the communities they claim to care about. Not to mention how they treat their employees and each other. I was there pre launch and it wasn’t uncommon to witness arguments between the C suite. The 2 CEOs are a couple and we would often witness uncomfortable bickering. Of course this led to horrible hiring, then massive layoffs. It’s not surprising that this culture lead to bullying. I would be harassed on the daily by leadership from other teams. I tried doing everything I could to help improve the environment, but it was extremely toxic. Management did not care about me or my team, they just want to look good to the CEOs. HR is a joke. They didn’t do anything about my concerns, even after showing proof. At the end of the day, this company has made every bad decision they could.

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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