Venmo reviews

3.6

57% would recommend to a friend

(27 total reviews)

51% positive business outlook

Reviews by job title

27 reviews

Reviews about "Compensation"

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1.0
May 16, 2018
Recommend
CEO approval
Business Outlook

Pros

- The teams on the ground are great, passionate and fun to work with. Morale is dwindling, but people want the product to succeed. - The product has been very fun to work on and the user base loves Venmo. - PayPal compensation is industry average, but the stability and perks are good.

Cons

- Management team is horrendous... dysfunctional, has no vision for the business, arrogant, and running it into the ground. While Venmo has had a number of bad heads of engineering, product, GMs, etc... the current regime is the absolute worst group of “leaders” this company has been exposed to. As long as they are leading the company, stay far far away. They are toxic. - A true lack of vision... PayPal wants Venmo to be PayPal 2.0. And there are 27 different opinions inside Venmo of what it should be. There is no alignment on where the business or product is headed, or criteria to determine which projects get prioritized. This lack of clarity and guidance causes an enormous amount of dysfunction. - Optimizing for PayPal’s quarterly earnings... Venmo is a growth business, but is managed like a publicly traded 20+ year old software company. Budgeting processes, business goals, project prioritization, everything is built to optimize PayPal’s quarterly earnings results. It has led to an incredibly reactionary type of management and churn, and has destroyed morale on the teams.

3.0
May 16, 2018
Recommend
CEO approval
Business Outlook

Pros

Passionate, interesting, creative people working there in support as reps and as leads. Learned a lot from my lead. When I started I came from an unrelated field with no tech experience. Very modern and creative office with a cool vibe. A lot of benefits in the Chicago office - reimbursement of CTA, free lunch/breakfast daily, free kombucha, coffee, cold brew, fully stocked bar with beers on tap, fun office environment (a lot of times we played beer pong or flip cup on Fridays). Company parties and holiday parties are always at a great place. Pay is generous for the starting roles - significantly more than you'd be paid at any other entry level support role.

Cons

Upper management in the support office in Chicago...period. Little to no support provided to support reps and middle management - yet high expectations. There was such a large gap between the support reps and leads and upper management that it made working there unbearable. Things were always changing but never properly communicated, which created confusion and chaos. Each of the high level managers at Venmo has demonstrated glaring red flags for why they don't belong in people management. None of them are particularly skilled with managing people. Employees are afraid to speak up because upper management can be vindictive or respond to serious concerns with dismissal or vague and empty claims to address the issue. The issues are almost never addressed the way they should be, until the entire company speaks up and demands change (which did happen at one point). Upper management demands very specific numbers and results from support leads, but hilariously enough, they don't know much about the product themselves. As an example, when each of these managers were asked to do a "day of phones" or a "day of emails" for fun, they sat by all of the support reps. We watched them do our job. One manager wasn't sure how to take notes after a phone call and save them, or how to add a tag to categorize the call - they had to ask a rep. The irony was this same manager was insisting the support reps summarize and take notes after a phone call in 1.5 minutes or less. They were also demanding 10 calls per hour, yet not one of the managers was able to produce that while acting as a customer support rep. To me, if you're in a management position, you should know the product and processes like the back of your hand. If you are demanding specific results from your team, you should be able to deliver those same results. I do want to note that there is a very high level manager above the upper managers who is a wonderful, sincere and professional person. No one ever had a bad word to say (that I ever heard) and they are respected in the office. Unfortunately, they were not as directly involved in Venmo's day to day and we were directed to go to the managers who worked on our side.

1.0
Jan 26, 2018

Toxic environment. STAY AWAY

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

- Successful app that a lot of people love - Good pay, unlimited vacation and flex work from home - "good" if you just want to bide your time and get a paycheck - A lot of cute perks like massages and candy drawers but what good is that if there's no positive culture?

Cons

- Terrible, tone-deaf management. Their approach is to pretend like everything's OK and lie. - A lot of middle managers float at the top doing nothing. No leadership whatsoever. - Not innovative. Expect to be stuck doing maintenance. Expect passion projects to be killed abruptly. Won't further your career. - They reward sheep that follow orders. Not for out-of-the-box thinkers. - Good luck with your career trajectory if you're a woman.

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