COO is the problem - Anonymous employee HealthEquity Inc. Employee Review

2.0
27 May 2022
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Benefits are good. Health Benefits (with the exception of a National Benefits provider), HSA contributions, and 401k matches are solid. PTO accrual is poor. The people you work with on a day to day are some of the smartest, kindest, caring people out there. Lots of room to grow. The work itself is interesting and diverse.

Cons

To be honest I am worried for my job to post this but I don't really know how else to share how I am feeling. This used to be one of the best companies to work for and my rating would be a 4 or 5. Great leadership in the CEO and Founder. It wasn't without challenges but they all felt manageable and I felt trusted. A lot of people will say the decline happened with the acquisition of WageWorks but it really started when Ted Bloomberg joined as COO. He is controlling that everyone feels like that have run everything by him. He says horrible and degrading things about people who aren't in the room. He doesn't care about the people or the culture just that he looks good. There is no accountability to his actions or how he treats others. Additionally, he has run out many people who are smart, driven and actually care about the experience of Clients and Members simply because they disagreed. That is one the core values of the company. The company talks about "Purple" and the values a lot. I'm not sure if I could find one person beyond Ted and his cronies that would say Ted is a "Purple" human.

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HealthEquity Inc. Response
3y
Thanks for leaving us a review. We’re glad to hear that you love the people you work with and have found a lot of room to grow. We love our team members as well and know that with all the changes we are making as a company, will continue providing more room to grow. We’re sorry to hear you feel our COO is less than Purple. We take this to heart very seriously and will provide this feedback to our Interim Chief People Officer and senior leadership. We want to make positive changes on how our teammates feel as much as we can, and your feedback will help us to do just that. If you would like to share any additional thoughts or concerns, we highly encourage you to reach out to our Interim Chief People Officer or the people team at people@healthequity.com.

Explore other reviews about HealthEquity Inc.

5.0
30 Jun 2026
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Mission, growth trajectory, work alongside good humans, constantly growing and developing.

Cons

Remote environment. Need to find opportunities to informally get to know your colleagues.

1.0
23 Apr 2026
Recommend
CEO approval
Business outlook

Pros

Benefits, perks, remote work, unlimited PTO, and stock options.

Cons

Unfortunately, what has happened with most companies that grow too fast has occurred here. Too much focus on sales and marketing, and diminished focus on retaining clients or making sure new technology and processes are properly trained. Because of miscommunication and a lack of training, it's impossible to get help from other departments without a ton of pushback. Management would rather blame employees for problems than examine why processes aren't working properly. They now want all roles to sell product, even though that is not in their job descriptions. I wish HR would be more involved in how management speaks to employees because it's incredibly unethical and problematic every time we have a meeting. Whoever the C-suite is listening to on how to be good leaders should be fired, because they are taking a page out of every toxic workplace stereotype, instead of looking at how things can be ethically and properly fixed. There is no focus on clients or employees anymore, just getting more money.

5
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