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also CEO of Revolut: "Why aren’t you working on weekends?" https://twitter.com/phillipcaudell/status/1101081229351415808 https://twitter.com/phillipcaudell/stat
by gondo 8y ago
also CEO of Revolut: "Why aren’t you working on weekends?" https://twitter.com/phillipcaudell/status/1101081229351415808 https://twitter.com/phillipcaudell/status/110108122935141580...
- baby 8y agoDamn... very disapointing considering how cool their product is. Monzo is better anyway, and the best bank app on the market, and I’ve heard it’s a cool place to work at. Just wish they would be faster to come to the US.
- SpeakMouthWords 8y agoTo be fair you have Simple Bank and Qapital in the US if you're looking for Monzolikes
- baby 8y agoThey are only for UScitizens. Not for other permanent residents. They are nothing to compare with Monzo either.
- k4ch0w 8y agoWow... I'm genuinely shocked at the at the 27 GET IT DONE clicks. I mean this probably worked for that one weekend and until people got their bonus, but I bet you the moment the people had their bonus they would leave. It's a good sprint strategy but costs you talent and talent hiring in the long run.
- deanalevitt 8y agoSpot on! How much productivity is lost due to turnover and re-hiring?
- RubenSandwich 8y ago“Doesn’t matter those people weren’t committed enough so we’re better off without them.” Yes, some people actually use that justification.
- Tade0 8y agoWhat worries me is that in some cases it takes years until something makes them see how ridiculous of a conclusion this is. Or even worse: sometimes that doesn't happen at all.
- mlthoughts2018 8y agoIn many companies, executive management puts more trust in the HR management than other sectors of the org. I speculate it’s for a number of reasons: HR is often the most easily subverted department, needing far less objectivity than departments related to brass tacks product development, IT, customer service, etc. So HR can most easily be a yes-man that executives like to hear from. Also while there certainly are domain-specific properties of HR work that require training and experience, there are also relatively more things handled in HR that are understandable to a layperson with no specialized knowledge in that space, perhaps inviting executives to feel like they are contributing more directly when engaging with HR. Whatever the causes might be, one big effect is that HR usually gets to spin stories about turnover and recruiting to create perceptions such as - nobody could possibly have done anything to prevent a critical employee from leaving - despite some critical person leaving, nobody did anything wrong and if they hired the same person again they should handle everything the same way. - there are just not enough candidates (to disguise the real issue that compensation and benefits are not competitive) - the employee we need has to be open-minded, but we’re only seeing dogmatic people in the pipeline and/or the ubiquitous “not a good culture fit” feedback, to disguise the problem that the company itself is dogmatic and closed-minded, and candidates react to perceived dogmatic culture by turning down interviews or offers. And many more. In other words, HR will spin the situation to say that no productivity is lost to turnover, that nothing could have been done to maintain that productivity, and that whatever happens is never due to misaligned compensation or management failures, it’s just an unchangeable cost of doing business.
- cyberferret 8y agoIf you look more carefully, the icon actually says "GET SH*T DONE". Somehow a little more apt given the current headlines.
- Crosseye_Jack 8y ago"GET SHIT DONE" has been their company mantra for years. They have it on their office walls.
- cm2187 8y agoTo be honest the banking industry has a very long history of building superb, over-engineered systems that are meant to sustain a nuclear strike, though in practice are down once a week, delivered 5 years late, and never fit for purpose.
- tnolet 8y agoShould there be some kind of “shit list” or “toxic list” for tech companies? Admittedly, public shaming & blaming is tricky if you don’t know the context, and faking a Slack screenshot is trivial (not saying the one here is fake). I guess Glassdoor is as close as it gets now, together with leaks on Twitter posted by the parent.
- kristianc 8y agoRevolut FYI has a 4.2 rating on Glassdoor. One of the problems with Glassdoor is availability bias - it selects in the people who have been around at companies like this for a while and/or thrive in this kind of culture and selects out people who take one look at a company culture like this and leave within a week.
- samstave 8y agoThere used to be a thing called "Fucked Company" - ran by a guy named Pud..
- sschueller 8y agoWow, don't expect any revolutionary products out of a company with such a hostile working environment. I also completely lost any trust that this company can safely deal with my money and private data securely. Absolutely disgusting.
- wil421 8y agoWhy would anyone work for a company like this? You startup folk are much better than this! Thankfully this person pushed back. Why would you ever put up with something like this? I would laugh at the recruiter or manager if I was asked to do something like this. It’s akin to that door to door knife company that takes advantage of college kids. There was a wired article in the twitter link you provided. >She did a 30-minute job interview over Google Hangouts with the London-based head of business development, Andrius Biceika, and was immediately told she had passed to the next round, which would involve a small test. “The surprise came when I received the task and it asked me to get the company as many clients as possible, with each one depositing €10 into the app,” says Laura. The instructions on the exercise said the applicants should recruit at least 200 clients in a week to have a chance at passing to the next interview phase. The task’s description didn’t guarantee that reaching the target would automatically qualify applicants for a job, but did advise them on a number of ways they could get clients, such as sharing a “promo code” with their friends, sharing it on social media, and posting promotional flyers on university campuses. After Laura wrote back refusing to do the task and saying she was disappointed that the company would “take advantage of someone that is looking for a job”, Biceika emailed her saying she was the only candidate out of over 350 that had complained about the task. “Apologies you're not up to show what you're capable of,” he wrote in the email.
- kilroy123 8y agoWhat the hell, is that even legal?
- AstralStorm 8y agoIt is, if you agree to do it. In current version of capitalism, person applying for a job has almost no rights except perhaps GDPR.
- sschueller 8y agoIsn't that illegal in the UK without compensation?
- 8y ago
- tomp 8y agoI really don't see a problem with this. It's not the "working on weekends" that's the issue, it's KPIs. If you promise something, deliver it. If you don't think you can, don't promise it!
- tnolet 8y agoIn an ideal world where all facts are known before hand, yes. In a fast moving startup with toxic management? Good luck.
- schneidmaster 8y agoThis assumes the KPIs were created and "promised" by those responsible for them rather than handed down from above. Which seems unlikely given everything else I've read about this company.
- staticelf 8y agoBut who is promising it? It's not like the individuals that work in the teams tasked to work on the weekends is the same individuals that promise these KPI-numbers? Even so, can you really claim that they are not pushed towards nearly impossible goals? It's very common to not reach a goal for a gazillion of reasons, forcing people to work weekends while you yourself get all the money from it is being an asshat.
- pjc50 8y agoKPIs are an ultimatum not a promise.
- SmellyGeekBoy 8y agoWho gets to set their own KPIs? I've never known a company where this is the case.
- ddebernardy 8y agoThere's a breed of execs out there that go: "Bring [metric] [up|down] [X%] by next [quarter|year]" without the slightest notion of if/how it could get done. And a number of them don't take any variation of "we need to negotiate that" for an answer.
- staticelf 8y agoShithole move, I would rather live in the a shed in the woods than work for a person like that. I would make it official on the slack as well.
- buboard 8y agohe 's just trying to fit in to the whole "finance" ecosystem
- walrus01 8y agoI thought that was more about snorting cocaine off the backside of a stripper.
- deleted 8y ago[deleted]
- flurdy 8y agoSeems a pretty toxic place to work [1]. And toxic recruitment policy of requiring them to acquire 200 customers as part of the recruitment process. [1] https://www.wired.co.uk/article/revolut-trade-unions-labour-fintech-politics-storonsky https://www.wired.co.uk/article/revolut-trade-unions-labour-...
- jacknews 8y ago"The instructions on the exercise said the applicants should recruit at least 200 clients in a week to have a chance at passing to the next interview phase." Wow, disgusting.
- epx 8y agoThis kind of bullshit goes hand in hand with current interview practices. I am done with this.
- koyot 8y agoIt looks like a managing politics seems very similar to the gulag in XX century. East Europe people have often tendencies to manage that way.