PayJoy Reviews

4.5

90% would recommend to a friend

(90 total reviews)

Douglas Ricket

93% approve of CEO

86% positive business outlook

PayJoy has an employee rating of 4.5 out of 5 stars, based on 90 company reviews on Glassdoor which indicates that most employees have an excellent working experience there. The PayJoy employee rating is 21% above average for employers within the Finance industry (3.7 stars).

Reviews by job title

90 reviews
5.0
27 Jan 2017

Inspiring mission, solid leadership, strong culture

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

A lot of tech companies focus on problems facing the top 1%. It is inspiring to work for a company trying to solve a problem faced by 95% of the world's population, specifically focused on empowering people. It is also nice to work for a company built on unique IP, rather than just momentum in the market and "big data." The team is strong (ex Google, Stanford, FB, Opportun) and very international (a lot of Spanish speakers) with a high level of empathy. The company also provides health care and perks often not found in companies of this size.

Cons

If you're looking for a company that produces a sexy app your hipster friends in SF are using, this company may not be for you.

1.0
25 May 2023
Recommend
CEO approval
Business outlook

Pros

Many co-workers really cared about the mission to bring finance to underserved people and markets. This translated to a good team spirit in most but not all locations and enthusiasm for the work.

Cons

If you start by knowing that the two most senior engineers couldn't hack it as mid level at Google, and that petty criminals in Latin America easily figured out how to break the "indestructible" lock and then shared it on YouTube, that tells you what you need to know about the company's future which is nonexistent. Add in multiple rounds of random layoffs which somehow "happened" to eliminate 75% of senior woman leaders in a company that only had 4 to start with, and you get the picture. There's a good amount of shady/corrupt behavior in the markets with petty theft and fraud running rampant and little process to identify or rein this in. Occasionally there are pay increases or promotions but they are random, insufficient, and always late. They purport to have a compensation plan that manages this but don't have money to fund it so they ignore details like cost of living increases or paying on market for jobs. In the layoffs they let go of the entire recruiting group so it seems like they don't plan to hire anyone - leaving the distinct impression it's only a matter of time before the VC's pull their funding and shut it down. Kind of mysterious why that hasn't happened already unless they just don't want to have egg on their face.

1.0
23 Feb 2023

Seriously???

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Descent benefits; great colleagues; purposeful mission with global reach; opportunity to build and create.

Cons

Lack of: financial stability, sustainability, and psychological safety. inconsistent messaging from senior leadership. Mismanaged resource allocation and prioritization (20% layoff in October 2022, only to hire on 4 male executives, and then another 40% layoff March 1st, 2023).

Viewing 1 - 3 of 90 Reviews

Glassdoor has 263 PayJoy reviews submitted anonymously by PayJoy employees. Read employee reviews and ratings on Glassdoor to decide if PayJoy is right for you.