N26

3.0

Jun 18, 2020

Recommend

CEO approval

Business Outlook

Pros

People - N26 have hired some great people and it's a welcoming environment that's easy to get settled in. Personal Development Budget - once you pass probation, you have access to 1,500e (at the time of writing) to spend on things like conferences, books, courses, coaching. Benefits - Pre-Covid times there were OK benefits like subsidised train tickets, gym memberships, free lunch once a week. Those have now been cut or elinimated though.

Cons

Founders - they don't trust the people they have hired so they micromanage. They're not particularly inspiring. Lack of cross-functional teams - in Product & Tech there are a lot of teams but many are understaffed or incomplete. Don't expect truly cross-functional teams, or skills like Developers, Designers, Agile Coaches, Tech Leads, Engineering Managers to be available at the level necessary. That also results in many people playing multiple roles or being spread thin. Some roles are very demanding and there are high expectations but there's not much reward (benefits have been cut, salaries are not always in-band or to industry standard). Office - there are a few offices in Berlin and they are quite different. If you're unfortunate enough to be in K72, forget about a comfortable work environment. In pre-COVID times there were not enough desks for new joiners and everyone is cramped on top of each other, there is not enough meeting rooms. No secure bike storage. R22 is just dull. Ultimately, it's a chaotic work enviroment that offers no real benefit or reason to work there (aside from the people but you can get nice people at any company).

N26 Response

Hi. Thanks for sharing your experience with us. We appreciate your feedback - both the positive and constructive - and will share this with our leadership team to reflect and take action on. It’s great to hear that the environment has been a welcoming one and that it supported your overall on-boarding to N26. We definitely agree with you that our Recruiting team hires amazing people, and this is what continues to make N26 a great place to work. To address your concerns around our perks and benefits, we did conduct a recent review and made the decision to scale back several of our offerings to support the business through the significant impacts we’ve seen from the COVID-19 situation. That said, no benefits have been eliminated, and we still believe that our employees have access to an attractive and competitive package across all locations we operate in. Of course this is not an ideal situation, but we appreciate our team’s understanding of these cost measures, with the ultimate goal of making us stronger for the future. There are no plans to change or remove your €1,500 personal development budget. We would encourage you to get involved in your department’s engagement survey meetings in the coming weeks. This is a great opportunity to bring forth ideas on how we can continue to improve and grow as a company, directly from your experience and perspective. Based on the feedback you have shared here, we’d love to hear what you would like to see implemented and improved. Outside of these meetings, you also have the opportunity to discuss your feedback directly with one of our Employee Experience Partners. The Employee Experience team is available to support you with all employee relations situations and questions. More details of this team and their responsible areas can be found on the company intranet. Thanks again for sharing your feedback, and for being a part of this journey with us.

Reality doesn't match the shiny exterior - Anonymous N26 Employee Review

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