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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

#61

Post by StavrosK »

philjohn wrote: post #58
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).

To mention my experience, for some reason whenever I try to open an account with them, they lock it without telling me why. They've put me on some sort of blacklist without any explanation, and all I ever tried to do with them is send $100 from one of my accounts to another.

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

#62

Post by stavros »

derencius wrote: post #59
hocuspocus wrote: post #34

Earlier quoted context omitted.

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...

I had the same experience, I tried to make a transfer of $100 or so and they just closed my account with no explanation, and I've never been able to open another one since. They did refund everything, though.

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

#63

Post by lordnacho »

triplea9 wrote: post #11
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.)

Because they were threatened with their career potentially being ruined with a bad reference?

In German speaking countries this is a thing. It's bizarre, but there's a kind of unofficial meaning given to certain phrases in the reference letter.

Not sure anyone with a brain actually cares about it, but they do ask about it if you apply for a job.

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

#64

Post by hpkuarg »

pbhjpbhj wrote: post #35
lucisferre wrote: post #24

Earlier quoted context omitted.

• 10+ years as an engineer • Minimum GPA 3.5/4 (US), 60% (UK), 8/10 in any other country "So we know you've been out of school for 10 years, but can you send us a copy of your report cards?"

Well I had "we know you've been out of school over 20 years, but we really need to know which exam boards you did your age-16 English literature exam with before we'll interview you for this science degree requiring position ... that we previously employed you for". Thankfully I quite enjoy hunting down lost information but I was not impressed with the HR personnel in that one.

The more disconnected the hiring process gets from the people who will actually be working with the hire, the more farcical it becomes.

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

#65

Post by avianlyric »

metalliqaz wrote: post #2

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 find this approach really weird. I’m not sure about Poland, but at least in the the UK, for a mutual agreement (or settlement agreement) to be valid, the employee _must_ receive independent legal guidance.

Anything else and the dismissal would be completely illegal.

I’m not sure, but I would guess the Poland has similar or equivalent worker protections (the EU is generally pretty hot on worker protection). Which means that Revolut are opening themselves up to quite a bit future legal liability and pain. Doubly now that it’s in the press and there’s probably lawyers who see an opportunity to earn a paycheque and do some public good.

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

#66

Post by loeg »

metalliqaz wrote: post #2

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…

In the US it isn't immediately obvious why it would work, either. As a worker you're much better off being laid off than quitting. "Firing" when it is pretty flagrantly just a mass lay-off shouldn't impact future hiring.

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

#67

Post by maccard »

derencius wrote: post #59
hocuspocus wrote: post #34

Earlier quoted context omitted.

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...

If there's a suspicion of money laundering, you won't get any information from any financial institution, FWIW.

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

#68

Post by loeg »

Klinky wrote: post #48
metalliqaz wrote: post #2

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.

Which is why US companies sometimes pay people to voluntarily retire instead of laying them off.

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

#70

Post by AlexandrB »

> “I thought maybe I should speak to another institution for legal advice because I am a foreigner,” Elena says. “[But] they said I had no additional time and that I have 30 minutes to make this decision.”

Really nasty tactics. Impossible to understand the consequences of what you're signing in that short of a time.

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