Absolutely terrible place to work with no redeeming qualities - Full Stack Developer Deriv.com Employee Review

1.0
11 Jul 2024
Recommend
CEO approval
Business outlook

Pros

- While the CEO has managed to create a disguised gambling company that takes money from the poorest and most vulnerable countries in the world to feed him and his businesses, you'll probably not have to spend any time speaking to him as he never communicates with the majority of the Reading team. * (the UK, and several other countries have thankfully made his practices of binary/options trading illegal, but no worries, he manages to rebrand multiple times to hide this from those other poorer countries, where it is still legal.) - You probably won't have to suffer very long. People are constantly fired or forced out by the VP's at Reading for ridiculous and vague reasons. You probably won't last more than 6 months. I've watched several of the best developers I've ever met get fired, and it's horrible to watch.

Cons

- The VP's do absolutely nothing, and when they get called out on it, they pick a random staff member, blame them and then fire them or force them out. - It's an extremely hierarchal company with multiple layers of useless incompetent management that have no idea how to communicate with each other. - The company is really run from Malaysia, and the Reading team get zero say in anything. As the CEO and his buddy Rakshit are based in Malaysia, they will constantly exclude the Reading team from decision making and just go and ask the team in Malaysia. The Malaysia team will not give you any information or share any important meetings with you. You will be penalised for this, probably fired, as they wonder why developers can't take more responsibility from them. - The VP's at Reading do nothing to bridge the huge communication gap between Malaysia. However, to his credit, even if they where capable of leadership, it's an unsolvable problem as the CEO doesn't care about or respect the team. - If you're lucky to be given any direction at all, it will be changed within a few days. You will never be able to get anything done, as by the time you've interpreted the unclear requirements, you'll be switched onto something new. The VP's will take no responsibility or accountability for anything. They are mostly invisible and just expect everyone to know what the CEO and board are thinking. Then when a tiny thing goes wrong, it's everyone else's fault but their own. - You'll know right from your first day that you've made a mistake. It's not the fact that Deriv is a gambling company that's the problem, it's how they disguise it and trick vulnerable people into actually thinking they can make money at his betting company. You will be complicit in this if you join, where you will be told not to use gambling terms like "bet" as it will give away the truth to their customers. You will have no say or voice in this, and will be made to do constantly questionable things. - Developers are tracked only on "commits to production" and slack message counts. They have an internal app that tracks the lines of code every developer writes, but it doesn't actually work, so developers are constantly not meeting their undefined commit line targets. As there is poor leadership ability in the Reading office, that's the only way they think they can track the performance of their developers. - There is zero atmosphere and everyone is constantly on edge, fearful they will be the next victim of the firing addiction.

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Deriv.com Response
1y
Your feedback has been noted. We take all reviews seriously and will address the concerns you've raised regarding communication, management practices, and the workplace environment. Our aim is to continuously improve and provide a supportive and productive atmosphere for all employees. We encourage open communication and maintain an open-door policy to address concerns and suggestions from our team members. Feedback from both past and present employees is invaluable to us. We wish you all the best in your future endeavours.

Explore other reviews about Deriv.com

5.0
3 Oct 2024
Recommend
CEO approval
Business outlook

Pros

Nice teamwork and resources and top to down leadership skills.

Cons

You must be in their head office to work.No opportunity for remote work

4.0
3 Feb 2026
Recommend
CEO approval
Business outlook

Pros

Friendly environment in the office

Cons

Have to commute to the office daily

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