Avoid .... ego driven environment with narcissistic CEO - Project Manager Railsr Employee Review

1.0
6 July 2020
Recommend
CEO approval
Business outlook

Pros

Some smart people who work hard. Office ok. Celebrate everyone's birthday with a cake .. Nice touch!

Cons

Definately not an agile leadership approach as if you fail fast you are criticised and moved out the business. Toxic environment. The ceo was shipped put of currency cloud for same toxic management style. A work house approach where you are expected to keep upping the pace to allow the ceo to reap the rewards. A business with an old boys network approach to business.

avatar
Railsr Response
5y
As CEO and co-founder I am very sad to read this post. We really do wish that you’d have shared this with me in person. Since we don't get to do that, I wanted to share a couple of points here to make sure everything is factually accurate and objective please. Your comment on Currency Cloud is both factually in-correct and defamatory which (we both know) is outside the Glassdoor guidelines. I moved into the Chairman role on 3rd January 2012 to allow Mike Laven to be CEO and run the business day to day (and he still is) as I was living in France at the time and was not able to be in the office full time due to family commitments (this was pre-agreed with my investors during the Series A capital raising process). Also note the earliest Glassdoor review of Currency Cloud was 2018 which was nearly 2 years after I left the Currency Cloud board to found Railsbank (you can reference this in the Business Insider article at the time). You are welcome to validate the above facts with Nick Bourner who you know as a colleague at Railsbank and was my CTO at Currency Cloud or the investors who I am welcome to put you in touch with. Your pejorative comment on the leadership style at Railsbank is also factually incorrect. It is also inflammatory and disrespectful. People and culture are at the heart of what we do. As you know, each week we take the ‘pulse’ of everyone. And that has never been more important than during lockdown when we were all working remotely. We have asked our staff to share their experiences and thoughts through a number of surveys and they actually say quite the opposite from you. I 100% respect your right to voice your opinion, but I would respectfully ask you to do it with respect and objectively. The Railsbank team sends our best wishes for your next chapter. Nigel Verdon CEO and co-founder

Explore other reviews about Railsr

5.0
24 Oct 2021
Recommend
CEO approval
Business outlook

Pros

Great Company with Great Culture

Cons

Startup culture is all I have to say. Nothing negative.

1.0
12 May 2022
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

US team is great, US subsidiary is 100% remote

Cons

Salaries are significantly lower than market but the parent company (based in UK) acts as though they're doing you a huge favor when they're claiming a market adjustment and in reality adding few extra pennies. The culture at the parent company is very toxic, women are constantly undervalued, turn over is very high. Communication from the top is terrible and when it does happen, it becomes very obvious that the executive team is oblivious and doesn't understand current market. Mgmt changes responsibilities without taking into account person's experience, then blaming the person for not performing. Promises are made to keep employees from leaving but are consistently not delivered.

6
avatar
Railsr Response
4y
Thank you for taking the time to share your views. I appreciate your feedback and I’m sorry to hear that this experience didn’t work out for you. A number of issues you raise don’t make for easy reading and I take this sort of feedback seriously. I’d like to comment specifically on some of the points: all salaries are benchmarked with local market data to ensure we're providing a competitive remuneration package and the exercise that you refer to, confirmed this. While we can always do more, we’ve been encouraged by the results we see in our employee survey – feedback about managers is on par with the best performing companies. We do trust our management to lead and help employees when in need and to make the best decisions for their teams. Thanks again for your feedback and I wish you all the best in your career. Jenny Trist, Chief People Officer
See reviews by: Helpful|Rating|Date|All