German digital bank N26 is facing outcry from its staff over management

Post by 42droids » Sat, Aug 15, 2020, 11:32 AM UTC

micheljansen wrote: post #168

b3orn wrote: post #166

Earlier quoted context omitted.

Could you tell us which EU law allows this, because I'm not sure what you're talking about. The only thing with two weeks I know about is for returning online purchases which wouldn't apply here as it's a renewal. As far as I know cancellation deadlines can be up to three months.

Not sure about German/EU law, but in the Netherlands the 14 day cooling off period also applies to subscriptions and financial products [1]. However, this is only 14 days after the sale. I don’t think this applies to renewals. [1] https://business.gov.nl/regulation/cancellation-period-sale/

Post by spurdoman77 » Sat, Aug 15, 2020, 12:37 PM UTC

xpaqui wrote: post #94

woco26 wrote: post #4

I'm there. Management sent an email to all employees a week after the process was initiated about how the works council was against all their values, and they have an amazing idea for modern employee representation - one they only hired an external lawyer to present after the employees asked for a works council. Only a couple days ago, after having the invite in their hands for 10 days did they start complaining abou…

Help me out, I'm a long user of n26, I've found bugs in the app - still in production - but can never escalate them to developers. Interactions with support is as easy as interacting with a different life form, independent of the problem the solution is always to unpair your device, reinstall the app.

Post by boruto » Sun, Aug 16, 2020, 12:20 AM UTC

jashmatthews wrote: post #160

lumberjack wrote: post #56

Earlier quoted context omitted.

How is that relevant? I don't care about the relative gap in whatever other country. I don't live in the US (although I wish I did). In Germany, I see average compensation for a SWE 65k€ whereas management at the same company can have upwards of 300k€. Especially bad if you work a tech job at a non-tech company. There is definitely a culture of rewarding management with money and employees with "stability" which mean…

The average US developer salary is about $110k so you're probably better off making €65k so they're not really much better off. If you have a family it's almost certainly a worse deal in the USA. There are also places in Germany offering 2-3x that €65k in total comp for comparable roles as you see for the high salaries in the USA. Amazon Berlin, Google Munich etc.

Post by [deleted] » Sun, Aug 16, 2020, 12:31 AM UTC

BrendanCoughlan wrote: post #61

yawboakye wrote: post #49

Earlier quoted context omitted.

I'd argue that a startup, by its very definition, should be allowed free rein and not be subjected to the same laws that apply to the BMWs and Mercedes Benz-es of Germany (and Europe) at large. The benefits of working at a startup are enormous (owing to the opportunity to win equity/shares). It's only fair that there's an equally sized risk to go with it.

Does N26 actually give their employees equity? I don't know about them specifically, but allmost all German "startups" don't.

Post by trianglem » Sun, Aug 16, 2020, 1:29 AM UTC

boruto wrote: post #176

trianglem wrote: post #148

Earlier quoted context omitted.

Why do we not have this seeming wonderful system in the United States?

Works council is all roses until it isn't. As a manager it's a huge pain to manage out non performing employees. Eventually all the good people leave and you are left with the ones you cannot fire.