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

wired.co.uk

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

#51

Post by iso1631 »

saos wrote: post #20
ddon wrote: 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 :/

• Don’t panic about cooking: get free dinners with Deliveroo • Start the day properly with fresh fruit and cereals

So basically we expect you to be on site before breakfast and stay until after dinner

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

#53

Post by pavlov »

rb808 wrote: 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.

It's like WeWork. These "fintech" companies are primarily in the business of taking money from giant investors who have too much cash (Softbank, Saudi Arabian sovereign wealth fund etc.)

These investors love to make oversized bets in WeWork-style startups which are actually just tech-colored lipstick on an old unprofitable industry, because it ticks the boxes on their "disruption" checklists.

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

#54

Post by longtermdd »

sdgjhfdlkgjhdf wrote: post #52

By the way, anyone knows a competitor to Revolut that respect privacy (online banking, able to send/receive other currencies easily). I would love to switch but it is hard to find anyone actually better from a privacy point of view.

N26 could be interesting

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

#55

Post by deergomoo »

londons_explore wrote: post #45
eeZah7Ux wrote: post #33

Earlier quoted context omitted.

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.

Had nothing but good experiences with Monzo, though admittedly I only use it as a day to day spending account.

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

#56

Post by philjohn »

hermitcrab wrote: post #37

Their have been various articles from credible sources over the last year or two making it clear that they are a really shitty company. You would be crazy to trust them with either your money or your career.

I've heard anecdotally that they promised a certain level to a new starter and then upon starting he'd been down-levelled. This was second hand information, so I can't verify, but I have also heard bad things about them.

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

#57

Post by microtherion »

hootbootscoot wrote: post #3

Why on earth would anyone voluntarily quit, particularly as in Portugal you will be eligable for unemployment benefits from having been laid-off, vs quitting and not being eligable for the same. Call their bluff. (I live in Portugal, and some foolish bosses tried the same and were rebuffed. FWIW the gov't agreed to pay 60% of the workers benefits during the lockdown in an effort to stem layoffs and furloughs etc.)

The one time in my life I was laid off, I was given a choice of submitting a letter of resignation, or of being laid off for economic reasons (so no underhanded threats of "underperformance").

The way this was presented to me was that to some employers, being laid off for any reason was considered a bit of a stigma, so by resigning, I could truthfully state (and the company would confirm) that I had left of my own accord.

Not 100% sure what consequence this would have had on potential unemployment insurance claims, because I was about to emigrate anyway and not interested in looking for other work. So I chose to resign.

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

#58

Post by philjohn »

sdgjhfdlkgjhdf wrote: post #52

By the way, anyone knows a competitor to Revolut that respect privacy (online banking, able to send/receive other currencies easily). I would love to switch but it is hard to find anyone actually better from a privacy point of view.

Transferwise - they also have a borderless Mastercard.

I use them to bring proceeds of RSU's back to the UK (0.6% commission on mid-market rate).

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

#59

Post by derencius »

hocuspocus wrote: post #34
dede4metal wrote: post #27

I want to close my account but is transferwise any better?

I believe so: * Transferwise has been profitable for a little while now. * Their pricing if fairly transparent and they're always upfront when they need to increase some fees. I could be wrong, but it looks like they're trying to stay competitive but not take part in a race to the bottom. * They haven't been trying to recruit new customers as aggressively as Revolut. * Their MasterCard is a little bit more lenient wi…

I just had my TransferWise account closed during a transfer to pay rent while overseas. They are holding some of my money, with no perspective of returning it. They say they can't disclose the reasons, leaving you helpless.

I'd advise to be cautions with transferwise as well.

https://transferwise.com/help/24/technical-issues/2961844/wh...

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

#60

Post by rodiger »

bb123 wrote: post #28
saos wrote: post #20

Earlier quoted context omitted.

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 :/

That job spec is hilarious: > Worked at a large tech company worth more than US$15B

And asking about your GPA? With 10+ years experience? For a head of engineering?
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