TransferWise "company is growing" Reviews | Glassdoor.co.uk

TransferWise Employee Reviews about "company is growing"

Updated 10 Jun 2019

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4.6
91%
Recommend to a Friend
95%
Approve of CEO
TransferWise CEO Kristo Käärman
Kristo Käärman
200 Ratings
Pros
  • "Fast paced work environment teaches skills that may otherwise take much longer(in 43 reviews)

  • "Great people that you get to work with(in 21 reviews)

Cons
  • "The "autonomous teams" has its downfalls too - mainly the communication between teams during different projects(in 23 reviews)

  • "Cross-team efforts are not so easy to coordinate as all teams are autonomous(in 8 reviews)

More Pros and Cons

Reviews about "company is growing"

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  1. "A great company to work for"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Analyst in London, England
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at TransferWise full-time for less than a year

    Pros

    Great culture and working environment, incredibly smart people to work with and learn from. Support to develop and grow, numerous opportunities to take initiative. Very strong mission that is more just buzzwords.

    Cons

    Due to how fast the company is growing, there are issues with lack of available free (permanent) desks and meeting rooms. Cross-team efforts are not so easy to coordinate as all teams are autonomous.

    TransferWise2019-04-02
  2. "Ambassador"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Ambassador in London, England
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at TransferWise

    Pros

    Really positive atmosphere in the office. Everybody has the same ambitions for the company and really strives to achieve them. No one feels themselves better than others.

    Cons

    Company is growing fast. I hope they will continue to keep their characteristics as a start up and their ambition to stop the bad exchange rate banks.

    Advice to Management

    Continue listening to all the ideas coming from everyone. This really differentiates this company to others.

    TransferWise2016-02-18
  3. Helpful (20)

    "Full stack engineer"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Full Stack Software Engineer in Singapore
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I have been working at TransferWise full-time for less than a year

    Pros

    Extremely friendly people, the office team is the best I have ever seen (so many fun things are organised, delicious Friday buffet), the satisfaction of making a contribution in people's lives by helping them save money (compared to banks)

    Cons

    The company has recently digressed a lot from its core values. It is no longer a "revolution" because there are so many companies who are doing the exact same things and they do it better. There is no sense of urgency of "getting things done" - people are focussed on turf wars, there is lots of politics going on with respect to ownership, the oldies in the company seem to think they are the powerful authorities, forming cliques amongst them - backing each other, giving promotions to their countrymen, not listening to criticisms, but overly eager to project the negative effects (arising from their behaviour) on the other members of their teams. We no longer keep customers first - we regularly increase prices to get more profit margins for the investors (but blame the increasing costs of employee salaries, which are way below market standards), we no longer are transparent to the customers, we are regressing on the speed of transfers the last few months, the product is unusable, the tech stack is unstable - but the product managers don't seem to care about them. "No drama, good karma" - literally the opposite happens. There are ego problems with the oldies and leads, they can't take negative feedback and escalate to their leads if you tell them about these, code reviews will get blocked because it is not written as per the other person's whims, leads and product managers regularly do catch-ups as part of their day jobs, but nothing concrete ever comes that improves the product for the customers or the employees' careers, leads getting away by doing only easy tasks and literally exploiting the travel and remote opportunities to the maximum for themselves. There is no autonomy anymore - please don't get fooled by the blog posts, the company is growing big and it is the leads who will be the managers and have literally unlimited control and zero accountability.

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    Advice to Management

    At the grassroots level, there are serious problems with a few older employees (by tenure) literally taking the company culture downhill. There is also nepotism with the same countrymen promoting each other. Please do anonymous feedback and have someone outside of the Singapore office go through the feedback and take action.

    TransferWise2019-06-11
  4. Helpful (4)

    "Good place to work for 1 or 2 years."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Senior Software Engineer in Singapore
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at TransferWise full-time for more than a year

    Pros

    TransferWise has really cool working culture. The people here are nice, willing to help you out. Each and everyone takes initiative and their responsibility seriously: 1. No blaming: Whenever you make a mistake, accept it, fix it then tell everyone your lesson. No one is gonna blame you for that. 2. Absolutely no politics: You dont exactly have a boss, more like a mentor/guide/leader and normally they act like your friend. 3. Great learning curve: The company has a startup culture, most people has to do lots of stuff on the ground, this opens opportunities to learn. 4. Direct feedback on your performance from your co-workers: Every quarter/half a year, you will get feedbacks from people you have worked with about what you have done and what need to be done. 5. Free trip to Estonia every year for company event, where all employees gather and party, have fun for 3 days.

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    Cons

    1. Compensation is only acceptable 2. Learning curve stales after the first year, not much else to do, work becomes chores 3. The company is growing too fast, new comers and people keeps moving between department makes it hard to have a stable team. 4. People have to define their own career path since the company is not so clear on this.

    Advice to Management

    1. Catch up with market compensation. 2. Give clear career path.

    TransferWise2019-04-15
Found 4 reviews