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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

#151
post #146

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.

So far what has worked for me in Germany when I got these forms from HR is to put "(by request)" into such fields. Which is, erhm, kind of cheating because, well, they are requesting it right there in the form. But so far, funnily enough, nobody actually bothered. All they cared about was that the form was "completed".

AKA I'll happily bother with that if you're paying me, otherwise no.

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

#152
post #60

Earlier quoted context omitted.

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.

Gallant spent his time in college studying and regurgitating what his professors told him. Graduated with a high GPA.

Goofus spent college practicing his social engineering skills to acquire access to free beer and attentions of young ladies.

After 10 years Gallant is a Sr developer with no reports and Gooffus is the VP of engineering.

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

#153
post #90

Earlier quoted context omitted.

You would be amazed at how much money a bank can make on card interchange (the fee they earn on every card transaction you make). Also most central banks don’t have negative base rates, so some money can still be earned from deposit interest. But COVID has of course slashed that revenue stream.

> You would be amazed at how much money a bank can make on card interchange Not in Europe. Do you have any links? > Also most central banks don’t have negative base rates, OK not negative, just zero Eurozone is 0%, UK is 0.1%, Scandies are zero or 0.05% https://www.global-rates.com/interest-rates/central-banks/ce...

Not that are publicly available. But I do work in large fintech, and know how much revenue we make from interchange and it way more that you expect.

While interchange in the EU is capped, it’s not zero. And interchange earned from customers travelling abroad in countries with very high interchange rates is quite significant.

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

#154
post #92

Earlier quoted context omitted.

Bunq.

For day to day usage you need at least a Premium account which is 8 Euro a month. I loved the user experience for doing iDEAL payments but that's all I used it for so I stopped my subscription.

8 Euro a month is far from reasonable.

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

#155
post #77

Earlier quoted context omitted.

This is pretty standard banking behaviour if they suspected you of money laundering, and closed your account on that basis. To be clear, I have no idea if you were money laundering, and have no idea if your account usage had indications of money laundering (valid or otherwise). I can just tell you from personal experience that’s what a banks response to suspected money laundering is.

Maybe this would be the case if they froze the account instead of blocking the user and sending money to random people. You wouldn't send money back to criminals. This isn't normal behaviour.

If a bank thinks money laundering has occurred, and the police don't request to seize the funds, then normal behaviour is to return the money to source, or even to the customer they suspect of money laundering.

Banks don't have any actual power to seize funds, only the police do that, and it occurs extremely rarely. (I've seen thousands of reports sent to police every month for years, and I've only seen police seize funds a handful of times)

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

#156
post #119

Earlier quoted context omitted.

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 me…

Correct me if I'm wrong, but in the end that obligation is on you - so you can just sign the bit that says "I declare that I received independent advice" and the other party is fine. If you then turn around and say "but it was a lie!" the company can just put their hands up, it's not their problem.

In the UK the company needs to get certification from the provider of the independent legal advice, otherwise the agreement is void.

Normal behaviour is for the company to pay for the legal advice up to some reasonable limit.

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

#157

Earlier quoted context omitted.

I've seen a lot of hiring managers miss out on great candidates because they assume that someone laid off probably wasn't a top performer ("if they were, the company would have found a way to keep them"). Of course, reality is great people do get laid off when companies draw really broad lines like "everyone hired within the past year" or "the entire division of X". Or sometimes it's just being on the wrong side of y…

SWE @ Lyft: Just one data point, but we went through a layoff last month. Every person I knew closely who was laid off had one or more weak performance reviews in the last year. Not saying this is always the case, but there is some truth in this concern that might make hiring managers weary.

Sure. Like any generalization, there is always some truth. But it's still a generalization.

Also, generally, well-run companies don't need covid-like events to cull the herd. They're managing low-performers out regularly.

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