Taxbit Reviews

3.6

65% would recommend to a friend

(94 total reviews)
avatar

Lindsey Argalas

100% approve of CEO

58% positive business outlook

Taxbit has an employee rating of 3.6 out of 5 stars, based on 94 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Taxbit employee rating is in line with the average (within 1 standard deviation) for employers within the Information Technology industry (3.9 stars).

Reviews by job title

94 reviews
1.0
7 Jun 2022

Worst job I've ever had

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

the only pro I have is that I met some absolutely lovely and talented people. I am actually writing this review to encourage those who have left or are still in the company to know that they are not alone and that they should feel no hesitancy to look for work elsewhere. honestly, anywhere is better. and if you are considering a job at taxbit—do yourself a favor and run the other way.

Cons

all of these reviews that are giving 5 stars and saying that they love their job are current employees coaxed into it by management as a positive marketing effort. this is the worst job I (and many others) have ever had. let me break it down: - the hours were grueling and unsustainable. when employees mentioned they were burnt out they were told they should be grateful to be part of this "unicorn company" (always a red flag). - managers would ask where a project was that they never requested and then the employee would either be gaslighted into saying that they did request it, or scolded for not anticipating the need and doing it before it was asked of them. - a manager shared multiple employees' medical information with coworkers without their permission. - an executive would bad-mouth employees to other employees to make themselves look better - similar to the situation with the unreasonable hours—people were underpaid and told that it was ultimately worth it because they were "building something great". - people are fired if they start catching on to abusive work environments and begin to speak up. - some previous employees were bribed into signing nda's so they wouldn't be able to speak up after they left the company. all-in-all, this company is absolutely toxic. stay far away.

1.0
1 Apr 2022
Recommend
CEO approval
Business outlook

Pros

Great idea in the crypto space Paid medical

Cons

they will claim untracked/unlimited PTO, but if you try to take it, your commitment to the team is questioned. They will tell you that you are doing great in 1:1s and then fire you without notice or cause. 80-90% of the engineering team is looking for new positions at their one-year mark. 12 hour days and weekends for the next foreseeable future (They claim it's just through tax season, but there is always something that comes up). When they opened the Seattle office, the culture turned toxic. They underpay because they expect the shares to retain employees, however, they dish out small amounts of shares. They offer monetary prizes in crypto but are slow to payout. There is a major rivalry between the Seattle and Utah offices and management is ignoring any and all complaints with outright denial of issues. Almost every woman there is underpaid SEVERELY, even the women leading teams have men reporting to them making more money. Female engineers are making insultingly low salaries, <$50k, while they hire male interns at 70k. Reporting the issues to the minimal HR dept. seems to get you no where. In short, they lean on women's expertise and LOVE to brag about having women in leadership, but underpay them and don't bat an eye about it. The company as a whole runs off hype, and they will guilt you into overworking yourself. If you try to leave, they will guilt you into staying by trying to convince you that working for a unicorn makes up for the mistreatment. At one point the company had great diversity numbers, great satisfaction rates, awesome culture, and genuine leadership, but it's obvious they no longer care. If you are looking to join, do your homework and negotiate a fair offer and hold them responsible. If you join the Utah team, know that the middle management/original management are truly caring and want to help everyone succeed, but they are exhausted and have their hands tied 90% of the time to make any real change. The Seattle team treats the Utah team like "dumb hicks". If you join Seattle team, just know that you will have a frat boy mentality there with constant drinking on the clock to fit into the boys club the company as a whole has fostered. If that doesn't bother you, you'll probably be ok. Career advancement is non-exsistent unless you are part of the boys club, or willing to suck up for approval. They'll just outsource your job otherwise.

1.0
25 Apr 2022

Toxic environment on marketing team

Recommend
CEO approval
Business outlook

Pros

The CEO is incredibly passionate and motivating, and wins across the company are celebrated frequently. There are also a lot of really great, smart, and friendly individuals working here who I am grateful I met. TaxBit’s product offering is also very cool and solving a huge industry problem.

Cons

Despite my overall positive outlook on the company, the dynamic I was working in was completely unprofessional and mentally unhealthy. The marketing team at TaxBit is mismanaged and from my experience, the rest of the management team seemed to turn a blind eye to this. It is understandable in a startup that HR is still developing, but there wasn’t any effort to check in on employees or provide an outlet for anyone to reach out to. There was also no exit interview or attempt from other leadership to hear my experience, which was very disappointing. In short, this is not a review about excessive workload or crazy deadlines (although that's also true, it's expected with startups). This is about an environment that was extremely manipulative, passive aggressive, and emotionally draining. Until the marketing team at TaxBit is under new management, I would absolutely recommend everyone to stay away from joining this team.

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Glassdoor has 98 Taxbit reviews submitted anonymously by Taxbit employees. Read employee reviews and ratings on Glassdoor to decide if Taxbit is right for you.