Divvy Homes Reviews

The layoff process that just took place could not have been handled more poorly. First off, the company had a lavish offsite just a couple weeks before this happened. I turned around at one point and saw an exec pouring tequila shots in people's mouths. TBH, I left the offsite thinking we must have been doing pretty good given the amount of money that was spent on that (read: excess booze and drinking). The layoffs were announced on a Monday and not executed until that Wednesday. They put myself and my peers in a horribly anxious place awaiting an ominous calendar invite that would come by Wednesday morning if your role was being impacted. To add to the sloppiness, we could all see the multiple 10 minute 'private' time slots on our exec's calendars a day before they let us know. Many people realized that by looking at the overlap between their manager's cal and their exec's cal you could tell how any people were being laid off from your team. This led to so much anxious back channeling across teams and departments. At the end of the day I feel completely used and unappreciated by this company. I hustled SO (so so so so ) hard during the boom of 2021 only to be let go the second things turned downwards with just a month of severance. I missed family events, dinners with my spouse, and so many important things to show up for this company and work 80+ hour weeks only to be dropped. I don't fault Divvy for having to let people go, I get that it is circumstance across industries right now. But the way it happened was poor form and has tainted all of my time there hustling for their mission.

Poor Business Model: Most discussions of the business model omit interest rates. The employee onboarding included this treatment some time ago, and it was clear then that Divvy's success is strongly tied to low interest rates. Once the fed drops rates back to zero, I expect Divvy's business model will spring back to life (until the next rate hike causes another cascade of layoffs). Lack of Diversity: While the DEI program is quite good, the rest of the company is still stuck in the "things are best when everyone is the same" mentality. On a number of occasions, game-changing solutions were rejected because that's "just not how Divvy does things." More acceptance of different viewpoints would have provided key lifelines in this high-interest environment.