Little help please : From HSBC Digital to Small-ish Company
Hey everyone, I’m looking to move from HSBC to Deliveroo. I’m a little sceptical about moving to a smaller company than the one I’m currently in because loads of companies are laying people off left and right. My current job in HSBC is safe (I’ve been told so a week ago), but I’m finding it really unsatisfying for the past few months regardless of my many efforts to keep it interesting for me. Deliveroo has a lot of red flags like not being profitable and has a lot of rumours going bust. But I’m considering it because apparently the people are great and the culture is great too. Is this going to be a bad move? Any advice would be appreciated! Deliveroo = Deliveroo is a food delivery company that serves as an intermediary between customers and restaurants. Using the app, customers place (and pay for) an order, which is then conveyed to the participating restaurant. (Source: https://www.businessofapps.com/data/deliveroo-statistics/) #productmanagement #layoffs
Business of Apps
Deliveroo is cool, but quite risky, lots of competition. If they're doing bad during covid with their crazy margins, when are they going to do well? 🤔
Yeah, probably because it’s kind of a luxury to constantly order in. Especially now that people are strapped for extra money or are being conservative about spending. Got a message from an ex teammate who used to be in Deliveroo but has now moved on to a better role: Apparently Deliveroo let go of about 30% of their employees and the majority of the remaining 70% have either left, planning to leave, or have stayed but have low morale.
Well fuck that. I was interviewing with them as a new grad for a DS role - very interesting and they pay well, but I still though I was better off at FAANG. How about a program management role at FAANG, or consulting at Palantir -have you considered those?