Derivco Reviews

2.9

32% would recommend to a friend

(656 total reviews)

Andrew Slabbert

14% approve of CEO

23% positive business outlook

Derivco has an employee rating of 2.9 out of 5 stars, based on 656 company reviews on Glassdoor which indicates that most employees have an average working experience there. The Derivco employee rating is 25% below average for employers within the Information Technology industry (3.9 stars).

Reviews by job title

656 reviews
1.0
14 Aug 2015

Project manager

Recommend
CEO approval
Business outlook

Pros

Good salary, especially for a company based in Durban; Highly skilled individuals, with a drive to succeed; Lots of good people, with solid values; Very laid back environment (appeared) with a games room, gym, cafeteria, etc...

Cons

The higher the salary, the bigger the EGO! You had to sell your soul to the devil to continue your growth path at the company; Senior management did not like to be challenged; Some of the Senior managers were in posts that they did not deserve - but was merely part of their career progression; A very stressful working environment, where you are EXPECTED to work long hours and weekends; Turned out to be a very greedy and self absorbed culture.

1.0
15 Aug 2024
Recommend
CEO approval
Business outlook

Pros

Honestly, I'm struggling to find any. There's not even a stable salary to rely on now.

Cons

The current state is a complete disaster. Communication is poor, and the plan seems half-baked with less people to do more work. We're expected to trust management during these times, but that trust is long gone. Despite being reassured otherwise, we're now forced to compete with each other to remain employed. It appears select few from the old days made some good money, even as they disregard the loyal staff who helped them succeed—though it's all being done on aging technology. There are daily critical incidents, likely due to the outdated products that are all interconnected. These systems collapse with the slightest issue, and staff are blamed and financially penalised. Meanwhile, anyone with deep product knowledge who could help has left without documenting anything. Morale and energy among employees are at an all-time low. We put everything on the line and moved family here for this job, and now I'm faced with the prospect of relocating again and starting over. It's heartbreaking to see a company that was once great and people-focused turn into this. This used to be the best place to work three years ago, and I was proud to be part of it. I never imagined it would end up like this—mismanagement from the mothership. You'll likely burn out or be pushed out by incompetent managers. The future here is uncertain, the legacy products are delicate and complex, and all the good people have left. The recruiters might sell you a sweet dream during the interview, but the reality is far different, or at least for me it was. Don’t be fooled—trust your instincts.

1.0
9 Jul 2023

Untrustworthy

Recommend
CEO approval
Business outlook

Pros

The devs that work on the product are fantastic, so are team leads in general and architects.

Cons

The HR, recruitment team and CEO Quraish Behari are evil. They recruited people as fully remote then when the tech layoffs started, after 3 years of everyone working fully remote with no issues they announced with 1 month notice that you had to be in the office 2 going up to 3 days a week or you would be fired. They did this to get rid of people without paying redundency or announcing layoffs. They recruited people that lived 3 hours + each way away from the office and made no exceptions for them. These roles were advertised in writing as being fully remote but they didn't put it in the contracts, they denied the roles were ever fully remote despite written proof and offered no exceptions or anything to retain staff that couldn't commute for roles they never should have even had to. Utterly untrustworthy company, do not trust them as far as you can throw them and if you're in such desire circumstances as to be accepting a role with them, read your contract multiple times over and trust nothing written explicitly in it. The upper management force the implementation of every trendy idea they see without any thought of the consequences and if it makes sense for our work flow and business needs, taking no feedback from devs. CEO Quraish Behari is basically budget Elon Musk, far poorer and less successful but just as stupid and dangerous and running the company into the ground just as fast as twitter. The company ownership structure has left Derivco Sports in limbo essentially taking orders from Betway on side and Derivco Durben on the other, your hands and the product suffers for it. Features trump dealing with tech debt every time. Turn over is extremely high especially on client because they're forcing developers to work on a terrible company framework in C# that won't help developers build up their marketable skills and will actively hurt their prospects. We are weighted down by tech debt and sorting things out so we can move faster is desired by all the devs but we are utterly ignored.

Viewing 1 - 3 of 656 Reviews

Glassdoor has 718 Derivco reviews submitted anonymously by Derivco employees. Read employee reviews and ratings on Glassdoor to decide if Derivco is right for you.