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Revolut staff claim they’ve been told to quit their jobs or be fired

wired.co.uk

41–50 of 157 posts

Re: Revolut staff claim they’ve been told to quit their jobs or be fired

#41
“Primarily, it starts with their CEO Nikolay [Storonsky] being very vocal about their mentality, that if you do a 9-5 [workday] it won't work out...everything he has said is a recipe for burnout” says Stevie Buckley, co-founder of Honest Work and HR advisor to dozens of startups.

https://www.theverge.com/2019/3/3/18248826/revolut-workplace...

https://www.wired.co.uk/article/revolut-trade-unions-labour-...

Re: Revolut staff claim they’ve been told to quit their jobs or be fired

#42

The companies behavior was indeed poor, but I wonder how many people realize that laws that make it hard to reduce your workforce lead to this bad behavior. Business needs change all the time, and being able to adjust your workforce in response is critical. Not being able to do that can be very costly for both the business owners and employees in the long run, or even the short run if the business has revenue or cash…

Sounds like all they had to do was give people proper departure operations, and although they would have not saved as much expense, they would have avoided looking like amoral jerks and maybe even avoided a bunch of labor lawsuits in various places.

Just treat people decently, and you don't have to be painted as callous bastards.

Re: Revolut staff claim they’ve been told to quit their jobs or be fired

#43
post #9

Being from the US it wasn't immediately clear to me why they would do this. Found the relevant part of the article: > In Poland, workers say they were told by their line managers and HR that they were underperforming and would be terminated if they didn’t leave voluntarily. But in Portugal mutual agreements stated that dismissals were a result of a reduction of 40 per cent in the group’s activity and a 30 per cent ex…

Sounds like the employees should go to court, then.

It sounds like the employees are foreigners who are probably unfamiliar with the polish legal system, with no income or health insurance as more pressing issues.

Re: Revolut staff claim they’ve been told to quit their jobs or be fired

#44

The companies behavior was indeed poor, but I wonder how many people realize that laws that make it hard to reduce your workforce lead to this bad behavior. Business needs change all the time, and being able to adjust your workforce in response is critical. Not being able to do that can be very costly for both the business owners and employees in the long run, or even the short run if the business has revenue or cash…

Maybe companies which build their business on a high employee turnover and are incapable of any long-term planning shouldn't exist in the first place?

Re: Revolut staff claim they’ve been told to quit their jobs or be fired

#45
post #14

Revolut is really scary organization... used them for a year or so, and then one day locked my account... harassed me for 6 months, asking for all sorts of documents, which I provided them. then one day, they closed my account, and sent back 2K balance to random people who sent me money in the past. When contacted them via twitter, the blocked my the same day :)

I also had bad experiences with Revolut including a completely unresponsive customer support. More importantly, what alternatives are available? Ideally: - has an API - reasonably priced or free - works in EU

Monzo is better in nearly all ways, except slightly worse exchange rates.

Re: Revolut staff claim they’ve been told to quit their jobs or be fired

#46
post #20
post #14

Revolut is really scary organization... used them for a year or so, and then one day locked my account... harassed me for 6 months, asking for all sorts of documents, which I provided them. then one day, they closed my account, and sent back 2K balance to random people who sent me money in the past. When contacted them via twitter, the blocked my the same day :)

Yeah I knew they were a little farfetched when I saw their head of engineering job spec https://web.archive.org/web/20200406205828/https://jobs.leve... > School/university Olympic medal in competitions in physics, maths or programming :/

Important to note that having a medal was just one of several options. Other options included working at a large tech company, or having a STEM degree from one of 15 universities in the US/top 5 in the UK. It is an "or", not an "and", the requirements seem strange but not unrealistic.

Re: Revolut staff claim they’ve been told to quit their jobs or be fired

#47

The companies behavior was indeed poor, but I wonder how many people realize that laws that make it hard to reduce your workforce lead to this bad behavior. Business needs change all the time, and being able to adjust your workforce in response is critical. Not being able to do that can be very costly for both the business owners and employees in the long run, or even the short run if the business has revenue or cash…

Alternatively, companies need to accept that being able to adjust your workforce is costly and account for that. This is not something new for them. Revolut knew damn well what the labor laws looked like when they opened their Poland offices.

Following laws and regulations is part of the cost of doing business. There's no need to make excuses for companies that fail at doing this.

Re: Revolut staff claim they’ve been told to quit their jobs or be fired

#48

Being from the US it wasn't immediately clear to me why they would do this. Found the relevant part of the article: > In Poland, workers say they were told by their line managers and HR that they were underperforming and would be terminated if they didn’t leave voluntarily. But in Portugal mutual agreements stated that dismissals were a result of a reduction of 40 per cent in the group’s activity and a 30 per cent ex…

I automatically assumed this was a ploy to dodge unemployment/redundancy benefits for employees. This also happens in the US. Much harder to get benefits if you voluntarily quit versus get fired or laid off.

Re: Revolut staff claim they’ve been told to quit their jobs or be fired

#49
post #36

I dont understand how these new startup banks can stay in business. Previously banks could make money on the deposits in check accounts, now with negative rates they can only lose. Even big European banks are slowly dying.

They make all their money on the "value add" services. Things like insurance, loans, cryptocurrencies, fees for a shiny metal card, etc.

Even so, I can't see how they can afford ~1,000 support agents employed with only ~1,000,000 daily customers. I don't want to pay 0.1% of my income to pay for tech support for my bank account!

Re: Revolut staff claim they’ve been told to quit their jobs or be fired

#50

The companies behavior was indeed poor, but I wonder how many people realize that laws that make it hard to reduce your workforce lead to this bad behavior. Business needs change all the time, and being able to adjust your workforce in response is critical. Not being able to do that can be very costly for both the business owners and employees in the long run, or even the short run if the business has revenue or cash…

If the bad behavior is skirting the labor reduction laws, we should get rid of the labor reduction laws to reduce bad behavior?

This argument doesn't make sense to me.

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