Sinking ship with bad leadership direction - Anonymous employee Extra Card Employee Review

1.0
13 Jun 2023
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Market rate pay and benefits

Cons

Leadership team (two co-founders) have no direction or idea how to run a company. Raised a lot of money from investors and now blowing it lack of understanding

Explore other reviews about Extra Card

5.0
28 Jul 2023
Recommend
CEO approval
Business outlook

Pros

Remote, great team collaboration, great benefits

Cons

Uncertainty with company status or job security

1
2.0
13 Aug 2024
Recommend
CEO approval
Business outlook

Pros

Amazing, talented people (but many are gone). Great pay, decent benefits. Work-life balance was usually pretty good for a startup.

Cons

4 rounds of layoffs in 2 years due to over-hiring and bad decisions. CEO kept claiming there were years worth of runway, then more cuts would happen a few months later. Senior management were never transparent about the health of the company. Company was acquired earlier this year. New owners are stuffing the product full of cross-sell features to try and rush toward profitability, and the brand is suffering. Developers are stretched thin trying to meet aggressive deadlines, and shipping buggy, barely tested code. At this point Engineering is a skeleton crew. It feels unlikely that Extra will be around in a year.

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