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Transamerica

Part of Aegon

Is this your company?

Poor Strategic Direction - Anonymous employee Transamerica Employee Review

1.0
2 Nov 2017
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Given the current environment, I cannot think of any pros unless the only thing you want in a company is to be able to wear jeans ever day.

Cons

For the last few years, there has been dissolution of entire profitable business units and profitable product lines and massive layoffs. The change in strategic direction has led to the company finding themselves in a position of having to reduce expenses which means the layoffs will continue. Toxic environment with the lowest employee morale I have ever seen.

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Transamerica Response
8y
Our organization is moving through a transformation which has meant difficult decisions being made on what products we will focus on. Unfortunately that has meant leaving some markets and this has affected some employees. The decisions have been made with an eye toward building a strong, flexible business that will be better positioned to service our customers. As the business transforms, we will experience peaks and valleys in morale and culture but both aspects are very important to us. This is why we very much appreciate current and past employees leaving feedback on sites like Glassdoor and/or our internal communities. It helps us to pulse check and take action. Thank you!

Explore other reviews about Transamerica

5.0
23 June 2026
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Supportive leadership that cared about my personal development

Cons

Restructuring cost lots of job to go away

5.0
21 June 2026
Recommend
CEO approval
Business outlook

Pros

Excellent company to work for with advancement opportunities. Tuition Reimbursement and career development.

Cons

no cons - would definitely work there again.

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