All sales, no substance - Business Operations Manager N26 Employee Review

1.0
Sep 22, 2019
Recommend
CEO approval
Business Outlook

Pros

- Perfect if you graduate from a good business school, plus points if you're Austrian an look like the founders - Those who say "yes" will get ahead - Good banking app (but Germans standards are low) - Some good leaders at the lower levels - most of them are leaving though - Great "stories" to share with friends - Startup perks - drinks, pizza, free lunch 1/week

Cons

- Transparency value ha! What a joke! No view on financials. Investors told a completely different story from what's going on on the ground. - Integrity value ha! Promise to address issues from culture survey. 3 months later, nothing! Told "we're discussing this at a leadership offsite" - Drive value ha! Nothing except drive to see customer numbers which aren't going up. So much so they stopped talking about them. - If you're male, Austrian and come from a "good business" school you'll get your pet project pushed ahead - CEO doesn't seem like he can keep any of his leadership team. Except those who are the "yes men" - Growth of numbers "at all costs" - Sounds like fun. Not so much from the inside. - Best slogan. Overpromise. Underdeliver

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N26 Response
6y
Thanks very much for sharing your feedback with us. We take all feedback seriously, and there are a number of points you have raised here that give us concern. These points will be taken back to the relevant people across the business. As we hope you are aware, we have introduced a whole range of new employee communication channels to share company information with all of our employees. We’re also introducing more tools and processes to obtain employee feedback. This includes our quarterly employee engagement survey, more detailed performance and development discussions, and the external Speak Up hotline where you can raise concerns confidentially. On top of this we have implemented a new All Hands meeting cadence to discuss business updates and company information. Finally, our Recruitment process is designed in a way to eliminate favoritism or preferential treatment for any groups. We have teams that focus on inclusive hiring both at the executive level and with our entry level team members. We never focus our hiring efforts on specific university types or backgrounds. We are proud to have increased our gender population month-on-month and continue to grow our business with a huge multinational community of over 80 different nationalities working with us. We hope you are starting to see a positive impact from changes that we are making following the huge growth period we experienced. Open communication is crucial to our continued improvement, and as always we would welcome a direct conversation if that is something you would be open to. Please reach out to the People Team if you’d like to discuss anything further. Thank you.

Explore other reviews about N26

5.0
Jun 13, 2023
Recommend
CEO approval
Business Outlook

Pros

Great product and design and team is worldclass

Cons

more focus on understanding customer needs

5.0
May 21, 2018
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Small team in NYC working on bringing N26 to the US. Flat team structure (no bureaucracy or painful hierarchies). Open lines of communication and instant feedback loops. Everyone is extremely smart and driven towards a common goal, and we also enjoy each other's company both in and out of the office. There's also respect for having a life outside of work and a good sense of balance. Huge opportunity to take on as much work as you can handle and drive your own workstreams and outputs. I've found that my scope of responsibilities is quite large, and since joining, I've broadened my skill-set significantly in areas I wanted to expand upon.

Cons

Coordination with Berlin can be difficult at times given time zones and hypergrowth there. Nonetheless, people always are willing to help out and make themselves available when needed. Small team size as of now means fewer hands to help with all that needs to get done. That said - plenty of opportunity for new joiners to take on key tasks and responsibilities as we continue to grow the team

32
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N26 Response
7y
Thanks for sharing your feedback with us and your experience of working at N26.
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