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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

#121

Post by delroth »

iso1631 wrote: post #51
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 :/

• 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

Or rather "we give you the option to work flexibly and be present either mornings or evenings and still get benefits". My employer provides breakfast and dinner in the office, and I don't think I actually know anyone who is present for both (but there is a 60-40 split on breakfast/dinner). I'm sure it happens, but interpreting it as a requirement is just bad faith.

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

#122

Post by distant_hat »

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 :/

That kind of a specific requirement is generally a sign that the candidate has already been chosen.

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

#123

Post by entropyneur »

mdavis6890 wrote: post #32

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…

I think people who crave stability should purchase it with their own money (for example, by saving or buying some sort of employment insurance). Forcing businesses to fulfill their fantasies is a terrible idea both morally and economically. Even if you think everyone needs a big institutional daddy to care for them, simply paying unemployment benefits would likely work a lot better than penalizing the employers for adapting to changing conditions (effectively incentivizing them to keep unproductive employees).

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

#124

Post by raverbashing »

joshuaissac wrote: post #110
raverbashing wrote: post #95

Earlier quoted context omitted.

"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.

What happens when random people owe you money (split bills, taxis, etc.)? How is it better for AML/KYC if they have to repay in cash instead of by bank transfer?

Small, one-off payments usually shouldn't trigger those alerts

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

#125

Post by baron816 »

0xffff2 wrote: post #111
baron816 wrote: post #105

Earlier quoted context omitted.

> STEM (technical) degree from top 15 unis in the US Don’t bother applying if you went to Cornell, Rice, UCLA, Berkeley, Georgetown, CMU, Georgia Tech, UWA, etc.

What measure are you using for top universities? Looking at US News' top engineering schools, Cornell, UCLA, Berkeley, CMU and Georgia Tech are all in the top 15.

I was going by top national universities. You think they’re smart enough to go by top engineering schools?

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

#126

Post by lorenzhs »

jbb123 wrote: post #114
londons_explore wrote: post #45

Earlier quoted context omitted.

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

All ways? They appear to have _literally_ no way to use any of their services except through a phone "app". No thank you. I don't want a toy bank.

The GP is asking for an alternative to Revolut, which is also an app-based bank. You might be in the wrong thread.

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

#127

Post by hermitcrab »

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.

Here is one reference: "But former Revolut employees say this high-speed growth has come at a high human cost – with unpaid work, unachievable targets, and high-staff turnover." https://www.wired.co.uk/article/revolut-trade-unions-labour-...

Their CEO sounds like scumbag of the first order.

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

#128

Post by user5994461 »

MichaelApproved wrote: post #26
klmadfejno wrote: post #15

It sounds like these people were pressured into making a decision under tense circumstances (QUIT IN THE NEXT 30 MINUTES OR YOU GET NOTHING). In the US this could probably qualify for nullification as it was made under duress. Don't know anything about Poland.

Duress is a high bar and I don’t think it would apply here.

Being cornered in a closed office by two employees, handing you a legal paper and ordering you to sign it immediately, is not duress?

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

#129

Post by adambyrtek »

hocuspocus wrote: post #78
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.

There are still many ways for banks to make money, and challenger banks are betting on the fact they can do it with less overhead. Big European banks have started closing down branches and laying off staff, while they were pumping VC money to scale across several countries/continents and acquire a customer base among socio-demographics with high potential (mostly young, tech-savvy, traveling, reasonably good with mon…

The sad truth is that it's much easier to make money on people who are less savvy and not good with money. They are less likely to switch, more likely to take a loan or overdraft, and have to pay higher interest rates.

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

#130

Post by pluto9 »

delroth wrote: post #121
iso1631 wrote: post #51

Earlier quoted context omitted.

• 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

Or rather "we give you the option to work flexibly and be present either mornings or evenings and still get benefits". My employer provides breakfast and dinner in the office, and I don't think I actually know anyone who is present for both (but there is a 60-40 split on breakfast/dinner). I'm sure it happens, but interpreting it as a requirement is just bad faith.

I don't think it's in bad faith. If an employer offers on-site cafeterias, catered food, nap pods, free massages, game rooms or other stereotypical tech company perks, they may simply be trying to improve employee happiness because it helps with recruiting and retention. Or it may be to get employees to subconsciously accept a lower salary because it's such a "cool" place to work. Or it may be symptomatic of a work culture that blurs the distinction between work time and personal time by bringing your recreational activities into the workplace.

Anecdotally, I've personally had employers try to use these perks to extract unpaid overtime from me, and I know lots of people in the tech industry who regard them as a red flag. Not something to immediately write off a company for, but something to carefully examine before accepting a job offer.

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