Needs to change ... and quickly - Manager Revolut Employee Review

1.0
2 Jul 2020
Recommend
CEO approval
Business outlook

Pros

- Some smart people - App strong - Potential for a strong underlying business

Cons

- Poor HR and Finance (2 CFOs left within last 12 months) functions due to no experience based leadership ever being in place - Little middle management - Senior management team lack experience - A lot of people with Ivy League CV’s but very limited experience who think they know it all - Many Department and Functional Heads missing or under qualified - Performance review process (4 times a year) used as a way to identify people to fire – not a two-way process where weaknesses can be worked on - Constant talk about A players – but no definition of that other than being willing to work 14 hrs a day 7 days a week and do what you are told – long hours does not mean more productivity - Employees are viewed as a commodity – one company objective is to exit underperformers (not PIP, assist or mentor – underperformance is <50% - with average performance not much higher) - Overall strategy lacking hence objectives change constantly and are solely driven by CEO – also results in multiple people working on the same problem in isolation - Total micromanagement from top down (that is by design), thousands of KPIs each quarter – why employ senior people and then tell them how to do their job.

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Revolut Response
5y
Thank you for your review, we appreciate you taking the time. We value and appreciate all of our people and we strive to help them to be successful at Revolut. We’re sorry to hear that this wasn’t your experience. We are a very ambitious company and we want all our people to be effective so we’re working to improve the processes that help us run the business (including KPI setting and performance reviews) all the time. While some of our people are at early stages in their career, others are very experienced. While we disagree with several of the inferences you have drawn about how we run the business, we will make sure your comments are passed on and take action where improvements can be made. Lastly, we are pleased to see that you enjoyed working with some really smart Revoluters, and that you have belief in our product and organisation, we wish you all the best for your future.

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Cons

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