Unexperienced middle management with no product direction - Product Management N26 Employee Review

1.0
2 Apr 2021
Recommend
CEO approval
Business outlook

Pros

Smart and great people on lower levels.

Cons

There is a strong decline in how the quality of product management has been practised in the last 2 years. 2019 a lot of experienced people were hired but they never got the trust to actually do the best work of their lives. The CEO is clearly not capable of the position he is having and since he's the CPO as well almost all good product managers have left the company. When talking about Valentin, a lot of people referred to him as a child that wants his will and nothing else. Proper product strategy papers have been declined by him based on his own ideas. There is no clear and stable focus or direction for the company and nobody knows who is responsible for what. On top of this, the experienced Head of Products have either been fired or were kept super busy with responsibilities for multiple groups. In a series of bad hires and promotions, there is now a mixture of product directors / product people in charge that either have no idea about building a tech business with these dimensions or they are super early in their careers. A lot of project managers turning into Senior Product Managers and alike. Product Management is equal to doing project management for the ideas of the CEO/CPO. If you are a product person who loves the craft, don't go there.

Explore other reviews about N26

5.0
13 Jun 2023
Recommend
CEO approval
Business outlook

Pros

Great product and design and team is worldclass

Cons

more focus on understanding customer needs

5.0
21 May 2018
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Small team in NYC working on bringing N26 to the US. Flat team structure (no bureaucracy or painful hierarchies). Open lines of communication and instant feedback loops. Everyone is extremely smart and driven towards a common goal, and we also enjoy each other's company both in and out of the office. There's also respect for having a life outside of work and a good sense of balance. Huge opportunity to take on as much work as you can handle and drive your own workstreams and outputs. I've found that my scope of responsibilities is quite large, and since joining, I've broadened my skill-set significantly in areas I wanted to expand upon.

Cons

Coordination with Berlin can be difficult at times given time zones and hypergrowth there. Nonetheless, people always are willing to help out and make themselves available when needed. Small team size as of now means fewer hands to help with all that needs to get done. That said - plenty of opportunity for new joiners to take on key tasks and responsibilities as we continue to grow the team

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N26 Response
7y
Thanks for sharing your feedback with us and your experience of working at N26.
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