From a few comments I've read on Blind, many Venmo employees seem unhappy and are leaving the company. What's the cause of the discontent and should I pass on interviewing there?
Pass
Because PayPal is taking away free food.
Seriously. I couldn’t believe the amount of cry babies in NYC and SF after they announced food was being taken away. Like grow the hell up. Life is good. Work life balance is great(non dev roles) and benefits are great. Even for dev roles, people have become too spoiled and god forbid they have to work more then the 40 hours a week. And to be honest, if every hour of the work day you are slammed busy, you’re not doing your job right. It such an easy job!
There’s more to it than that. Chicago has a 24/7 support team. They’re not paid a dev salary. There’s very few late night food options for those people. Those are the people that we just made such a big deal about improving their financial wellness. Then there’s the mashing of corporate cultures that’s taking place. Changes are landing fast without notice from PayPal. There’s going to be friction. The rollouts have been really poor. Often BT/Venmo leadership is finding out about changes after employees.
Pass
Blame it on PayPal. There is some separation of cultures, but PayPal is starting to take over.
Agreed.
Absolutely not. Everybody complains but PayPal and Venmo are great companies with great comp packages and awesome benefits. Do negotiate. What kind of role and where are you interviewing? Feel free to send me a DM for more insight.
Most recent change for (Chicago/NY) is no more catered daily lunch. Yes, a great perk not all companies have to begin with, but to have a small portion of your compensation package be yanked out from under you is shitty.
Small portion of compensation package? Hahaha you really consider free food to be a small portion? How little were you getting paid? Like seriously. I started there with a base of $135k plus $40k in RSU and $10k sign on. Whether I had got free food or not would not make a difference. This whole culture of “let’s just order food” is not their problem. You can easily bring food from home like most of the world does and you wouldn’t have a problem. It feels like a comp issue because you’re considering how much you would spend if you BOUGHT food every day instead of bringing food. Grow up bud
If you bring food, are you not buying it? Or, do you go to a free grocery store? Also, some people in those offices make sub-50k, so yes, a daily free lunch being taken away is considerable for many. Have a great night, though!
Free Lunch is going away & smaller benefits are being stripped. Listen to the latest PayPal earnings call: the operating budget for this year will be the exact same as last years, aka, less hiring, less benefits, less raises, etc. it’s a mess.
Some issues at Venmo: - no long term vision - political dynamics becoming more and more a “normal” thing - environment feels very unstable: lots of changes over the last 3-4 years and we’ll see if another leadership change occurs in the near future - high attrition in the past months/years put pressure on those left and knowledge sharing is becoming painfully hard. Stay away.
I heard that. Toooo much politics and tech is considered shit
PayPal has been stripping benefits from Venmo/BT. I’d personally avoid it at all costs.
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