Worst company I've worked for - Anonymous employee N26 Employee Review

1.0
Oct 17, 2019
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Lots of nice and hard working underpaid exploited colleagues who deserve way better.

Cons

N26 comes with the classic startup speech and "benefits": opportunity for growth, open space, no hierarchy and plenty of snacks and drinks. Understand corrupted processes, nepotism, strongly rooted unspoken hierarchy and political games. Career growth is for the ones who are friends with the "good people", rewards for performance and achievements are widely ignored, and so will you be if you dare reaching out to your manager when company-wide raise round time comes (in September). You'd get 10 appointments for your anmeldung before having a chance to talk about your performance with your manager, simply because processes are a facade to shut employees up when real things only happen behind the curtain. Pace is way too fast and colleagues are exhausted, working way too hard because C-level expects us all to work 200% everyday. As the CEO puts it in a Q&A streamed throughout all offices "it is not a company for lazy people, we [the two founders] work very hard every week to achieve our goals and we think everyone at N26 should work just as hard", shameless when facing employees paid on average 30% below the market (30K for analysts, roughly 38K for some Team Lead positions). Everyone is jumping off the boat, as company is doomed by greedy, unconcerned and disconnected management.

avatar
N26 Response
6y
Hi. Thank you for sharing your feedback. We’re sorry to hear that you are having a bad experience with us and want to take the time to directly respond to your concerns. While our massive growth in 2019 was not without its challenges, it also came with the opportunity to introduce many new programs and processes across the business. Last year we rolled out a bi-annual promotion cycle, which allows our people to take ownership of their development in a structured and transparent way. This approach involves creating a development plan and seeking feedback from your stakeholders. The feedback allows for transparency in how decisions are made, and is intended to help you grow and develop in a way that fits your career path. We work closely with a number of salary experts and also with the market here in Berlin to ensure we are fully competitive in how we pay our staff. Our approach to compensation and benefits is driven to provide fair reward for every role. If you would like to discuss your feedback in more detail, we would love to hear from you. Please reach out to the People Team and we will set up some time for a discussion around this. We also have an external Speak Up hotline in place, for any confidential concerns you wish to raise.

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
avatar
N26 Response
7y
Thanks for sharing your feedback with us and your experience of working at N26.
See reviews by: Helpful|Rating|Date|All