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Revolut CFO resigns following money laundering controversy

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Re: Revolut CFO resigns following money laundering controversy

#91

Post by gambiting »

objclxt wrote: post #83
tachion wrote: post #72

Earlier quoted context omitted.

It is completely legal in the UK without any compensation. I saw companies adding clauses in their contract of 'and you agree to work overtime without any pay' by default and claiming 'it is our standard template, no one complained before you' when confronted about it. Once you agree to such contract, they pretty much own your time.

> It is completely legal in the UK without any compensation. This isn't strictly true. The Working Time Directive provides you the right to work no more than 48 hours a week. It is possible in the UK to opt out of the Working Time Directive, but it is not mandatory . You cannot be forced to do so. So whilst a UK company can legally add a clause that says "you agree to work overtime without any pay", they cannot force…

>> A company that doesn't hire you because you refuse to opt-out is breaking the law.

I'm nearly certain you are wrong on this point. A company definitely cannot fire you or mistreat you for not agreeing to the clause, but there's literally nothing in that page that you sent that would say it's illegal to not hire somebody just because they don't agree to the opt out.

Re: Revolut CFO resigns following money laundering controversy

#92

Post by leothecool »

tomp wrote: post #47
gondo wrote: post #3

also CEO of Revolut: "Why aren’t you working on weekends?" https://twitter.com/phillipcaudell/status/110108122935141580...

I 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!

If the CEO sets the KPI, and the KPI is not achieveable, does that mean he should fire himself for not meeting expectations? He failed at his job, after all.

Re: Revolut CFO resigns following money laundering controversy

#93

Post by turbo_fart_box »

sschueller wrote: post #45

How do I cancel my account? Nothing in the FAQ and support chat in the app is trying to sell me a metal card. EDIT: found it: https://www.revolut.com/help/profile/i-want-to-terminate-my-... EDIT2: What a shit show, I have been trying to delete my account for more than 30 minutes now. When you chat through the app you are first connected to a bot which you need to tell you want to talk to a human, after waiting a whil…

Just do a GDPR on it

Re: Revolut CFO resigns following money laundering controversy

#96

Post by UpperBodyEimi »

sefrost wrote: post #74
fyfy18 wrote: post #62

Earlier quoted context omitted.

Revolut, N26 and Monzo all have premium accounts with metal cards which are nothing than a status symbol. The banking industry has been doing this for years though with premium credit cards, so it's nothing new.

I don’t think it’s true that Monzo has a metal card.

You're correct, it does not. AFAIK Monzo does not have any paid tier accounts either.

Re: Revolut CFO resigns following money laundering controversy

#97

Post by Slartie »

leereeves wrote: post #79
wil421 wrote: post #42

Earlier quoted context omitted.

Why 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-…

> “Apologies you're not up to show what you're capable of,” he wrote in the email. It sounds like Laura showed what's she's capable of: standing up to abusive employers. It's a shame she was the only one.

She wasn't the only one. I'd guess more than half of them will not have done the task. Saying "you were the only one not doing it" is a way to lure her into eventually doing the task even though she initially decided against it by building up "imaginary peer pressure". And even better: if she has second thoughts and decides to do it, she just gave them a nice argumentative path to "decide" against her later anyway - after all, she did hesitate at first "to fully live up to her potential"...

Re: Revolut CFO resigns following money laundering controversy

#98

Post by jacknews »

flurdy wrote: post #75
gondo wrote: post #3

also CEO of Revolut: "Why aren’t you working on weekends?" https://twitter.com/phillipcaudell/status/110108122935141580...

Seems 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-...

"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.

Re: Revolut CFO resigns following money laundering controversy

#99

Post by robotmay »

I ditched Revolut last year and moved to Starling, pretty much entirely because I was sick of them trying to fucking sell me stuff in a "banking app" (they weren't a registered bank at the time, AFAIK). It became near impossible to actually use their app due to the amount of marketing horseshit being rammed through it, so I left, moved to Starling (which is fantastic) and I'll never go back.

In fact Starling has been so good that I've largely left my existing bank for them.

Re: Revolut CFO resigns following money laundering controversy

#100

Post by orf »

baby wrote: post #81
sschueller wrote: post #45

How do I cancel my account? Nothing in the FAQ and support chat in the app is trying to sell me a metal card. EDIT: found it: https://www.revolut.com/help/profile/i-want-to-terminate-my-... EDIT2: What a shit show, I have been trying to delete my account for more than 30 minutes now. When you chat through the app you are first connected to a bot which you need to tell you want to talk to a human, after waiting a whil…

I highly recommend Monzo instead :) it is light years ahead of Revolut.

I started with Monzo but switched to Revolut, and I can say Monzo is not light years ahead at all.
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