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The CEO of RevolutApp on Slack: “Why Aren’t You Working on Weekends?”

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Re: The CEO of RevolutApp on Slack: “Why Aren’t You Working on Weekends?”

#121
post #88

Earlier quoted context omitted.

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Whats tw?

TransferWise.

Re: The CEO of RevolutApp on Slack: “Why Aren’t You Working on Weekends?”

#122
post #2

I appreciate the CEO being direct. It gives you a chance to find another job before you get fired.

Honestly, I can't tell if you're being sarcastic, but I really think you're absolutely right. Some people really like working in that environment. Personally, it's not for me, but at least the CEO is upfront about what he expects. Really, he's being a good leader in that respect. I wouldn't want to work for him, but he's clear about what he wants which a lot of people in management miss. EDIT Let me explain why this…

If your company is going out of business because it's not profitable, that's called capitalism. Unprofitable business needs to go under.

I don't think it's a coincidence that the same companies who find their way into a cash crunch also find themselves requiring overtime from their employees to try and fix it. Both are signs of poor planning, poor management, and not treating your employees well.

In the end it's the chicken and the egg scenario. Did your bad decisions force you to treat your employees like shit or was treating your employees like shit part of the charter to begin with and it's just now catching up to you?

Either way, requiring overtime is a red flag whose appearance instantly tells me it's time to look for a new job. Whether the company is doing well or not. I work to live, not the other way around.

Re: The CEO of RevolutApp on Slack: “Why Aren’t You Working on Weekends?”

#123
You have to wonder how agreed upon these targets really were. Perhaps milestones are being missed because they were driven top down and were never realistic to begin with? Developers with ownership are more likely to work to complete their goals. If they aren't then that's a symptom of problems, not the cause.

Re: The CEO of RevolutApp on Slack: “Why Aren’t You Working on Weekends?”

#125
post #93

Ok, won't use Revolut again.

Can you recommend an alternative?

Bunq[1] is an alternative to Revolut with a banking license in Netherlands. I personally don't trust N26 from the technical point of view[2], and Monzo is available to the UK residents only.

[1] https://www.bunq.com/

[2] https://media.ccc.de/v/33c3-7969-shut_up_and_take_my_money

Re: The CEO of RevolutApp on Slack: “Why Aren’t You Working on Weekends?”

#126

Earlier quoted context omitted.

When I got divorced, the only thing that kept me going was my job. It allowed me to push everything else out and focus. I welcomed it. and I volunteered to work extra, because it was less painful. I wouldn't do it now, but that lifestyle is for some people. I learned very quickly not to judge anyone for their life decisions.

Good for you, but I don't see how the sentiment is relevant to this situation. That you'd volunteer for overtime because it fits your lifestyle is different from the CEO threatening to fire you because you don't work unpaid weekends, or holding bonuses hostage because being a "great contributor" somehow doesn't figure in their KPI metric.

I'm just saying that some people want to work like that. What you see as a threat, others see as an opportunity.

Re: The CEO of RevolutApp on Slack: “Why Aren’t You Working on Weekends?”

#127
post #47

Related: Revolut and Monzo are still amazing products. After moving to the US they make it quite impossible to use revolut or monzo (it’s expensive as fuck to top up). I’ve looked into simple/varo/chime but they look pretty bad in comparison to Monzo, they are also reserved to Us citizens only so fuck people with a greencard. I have chase/capitalone/schwabe and their app are just stuck in the past. I really wish Monz…

Use TransferWise to move USD to your GBP account? Or even more, use TW's borderless account? You swap a bright pink/orange card for a bright lime green

I don't know about TW's borderless account, but it's not costless to move USD to revolut/monzo with TW (as opposed as moving money from a European account to a revolut account)

Re: The CEO of RevolutApp on Slack: “Why Aren’t You Working on Weekends?”

#128

Earlier quoted context omitted.

Good for you, but I don't see how the sentiment is relevant to this situation. That you'd volunteer for overtime because it fits your lifestyle is different from the CEO threatening to fire you because you don't work unpaid weekends, or holding bonuses hostage because being a "great contributor" somehow doesn't figure in their KPI metric.

I'm just saying that some people want to work like that. What you see as a threat, others see as an opportunity.

> What you see as a threat, others see as an opportunity.

All right, but in the scenario you describe, you volunteered to work overtime because that's what you felt was best for you, not because of the lingering...opportunity to get fired if you didn't.

Re: The CEO of RevolutApp on Slack: “Why Aren’t You Working on Weekends?”

#129

It takes experience to know why this doesn't work and some CEOs / CTOs / PMs / etc get there faster than others. I was involved with a company once (larger than this one) where something very similar this happened. They threatened layoffs. What happened was that the team became immediately LESS productive. Effectively instant burnout. If not from the hours than from the loss of morale. One of the biggest "mistakes" i…

Perhaps try giving them 4 future days off in exchange for working two weekend days. Weekend days are more valuable than weekdays because your family is free from work/school and there are more events.

Re: The CEO of RevolutApp on Slack: “Why Aren’t You Working on Weekends?”

#130
post #86
post #50

RIP RevolutApp with such CEO leadership you are doomed to fail. Nikolay Storonsky - you will lose your best people and drive RevolutApp into the ground. EDIT: just read a wiki on Nikolay. It all makes sense - his dad is a high up in Putin's enterprise machine (Gazprom - russian gas related entity) = part of the corruption machine. Not surprised that the son has such morals and how he treats other people is probably c…

Their CFO seems to be sick of weekend 'work' too: https://techcrunch.com/2019/03/01/revolut-cfo-peter-ohiggins...

"Storonsky also responded to the Telegraph story with a blog post that denies any wrongdoing. He claimed Revolut suspended the use of “a more advanced sanctions screening system” and instead reverted to a previous one."

haha they stopped flagging "certain" suspicious financial activity for a period of time. Its a well known fact that russian politicians and oligarchs launder their money through European banks... How "convenient" that they stopped flagging certain transactions..

Did his Dad or his Dad's buddies have to funnel some money through Europe?

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