Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

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

wired.co.uk

Post reply on HN
Print view View original

91–100 of 157 posts

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

#91

Post by TrackerFF »

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.

1. Pick some established business idea

2. Make it digital

3. Collect VC money

4. Subsidize service / product with VC money, and expand

5. GOTO 3 until IPO pressure starts mounting

6. Pray to god that you've outspent and outlived your competitors when it's time to go public

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

#92

Post by npx13 »

eeZah7Ux wrote: post #33
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 :)

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

Bunq.

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

#93

Post by thisisnico »

hpkuarg wrote: post #64
pbhjpbhj wrote: post #35

Earlier quoted context omitted.

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.

HR Creating work for themselves to Justify their existence.

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

#94

Post by arethuza »

petargyurov wrote: post #81
pjc50 wrote: post #74

Earlier quoted context omitted.

> 60% (UK) 60% of what ? I have a Cambridge degree with no percentage on it (II/1), and some A-level results with letters.

A lot of universitites translate the overall exam percentage achieved to a 1:1, 2:1, 2:2, etc. For instance, achieving an average of 70% or more is considered a 1:1 in a lot of universities. I think it depends on the course too. I don't know if it's standardised.

It was 75% on the course I did for a First - they used to go years without giving any (this was the 1980s).

We had no idea what we got in the end of year exams - just a nice chat with someone who told you "Well done, on course for a 1st" etc.

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

#95

Post by raverbashing »

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 :)

"Random people" sending you money over a period of time will trigger all kinds of AML/KYC alerts

I remember a news article that showed up on HN, when people were all over how Revolut was allegedly lax with their AML controls, according to some news, etc

And then they never think they behaviour is going to trigger the checks and that it's ok to have random people sending them money without any justification.

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

#96

Post by thisisnico »

rodiger wrote: post #60
bb123 wrote: post #28

Earlier quoted context omitted.

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?

GPA is so irrelevant after like 2 years. I know high GPA individuals that didn’t do much, I know low GPA individuals that are in very high level positions, it’s a terrible indicator. People change, and work is different than academia.

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

#97

Post by saos »

newbie578 wrote: post #88
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 :/

This is actually hilarious to read. Part of me thinks that this is all part of a sick joke/experiment to see how willing are people to apply. If my perspective employer showed me a requirement list like that, I would honestly just show them the finger and make fun of them.

In all fairness to Revolut they did take it down to update.

It was picked apart by a recruiter on Twitter.

https://twitter.com/StevieBuckley/status/1262718368949374976

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

#98

Post by objclxt »

nkingsy wrote: post #16

They also successfully pressured over 60% of their staff into exchanging salary for twice the value in options. I've worked for dysfunctional companies, but I guess I'm lucky I haven't run into management trying to steal from me.

Any time a company asks you to forgo cash compensation for stock you should start preparing an exit strategy: this is doubly true if the stock isn't liquid.

I once worked at a unicorn that a week before bonuses were due to be paid changed them from cash to immediately vesting RSUs. Six months later they were filing for Chapter 11.

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

#99

Post by FireBeyond »

code4tee wrote: post #30
triplea9 wrote: post #11

Earlier quoted context omitted.

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

At this point in the US most companies will refuse to say anything about you other than confirming that you worked there and what your title was. To do anything more is a potential litigation minefield. Laws are getting tighter too. It’s now illegal in many parts of the US to ask you how much you made in your previous job when that used to be a fairly common question.

> Laws are getting tighter too. It’s now illegal in many parts of the US to ask you how much you made in your previous job when that used to be a fairly common question.

Sadly, many companies report your salary to the credit reporting agencies (or a tangential agency).

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

#100

Post by fauigerzigerk »

eeZah7Ux wrote: post #33
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 :)

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

Depends on what you want to use it for. Transferwise's borderless account and multi currency debit card has served me well for years.

It's worth noting though that they are not a bank. They are a money transfer service and as such not covered by any deposit insurance scheme.

Also, some institutions like stock brokers do not accept payments from Transferwise.

Monzo has also been working well for me, but I only opened the account a couple of months ago. Unfortunately they don't have a web interface, which makes it a bit more fiddly to use than I would like. And they are UK only.

Post reply on HN