XYB Reviews

2.7

36% would recommend to a friend

(17 total reviews)

Derek Joyce

52% approve of CEO

36% positive business outlook

XYB has an employee rating of 2.7 out of 5 stars, based on 17 company reviews on Glassdoor which indicates that most employees have an average working experience there. The XYB employee rating is 27% below average for employers within the Finance industry (3.7 stars).

Reviews by job title

17 reviews
1.0
17 Apr 2025

Avoid at All Costs

Recommend
CEO approval
Business outlook

Pros

The company has a lot of talented individuals who are highly skilled and passionate about their work. The people you work with are friendly, helpful, and generally great to collaborate with. The work itself can be fulfilling, and there are opportunities to learn from some very experienced colleagues.

Cons

Unfortunately, the company has gone through multiple rounds of layoffs since May 2024, with 3 rounds in total, and has implemented 2 more rounds of cuts since the beginning of 2025. This has led to significant uncertainty among employees. The frequent layoffs have made the environment feel unstable, and many highly talented people have been let go, which has a noticeable impact on morale. Despite the great talent in the company, the constant reshuffling and layoffs make it feel like a sinking ship at times.

2.0
21 Apr 2025

Sinking ship

Recommend
CEO approval
Business outlook

Pros

People are approachable. New tech stack.

Cons

CEO announced in the last all hands that the runaway had been extended to mid summer thanks to some cost saving measures. 10 days later XYB announced a new round of layoffs. Around 30% of the total workforce between Estonia and London. No severance package (never heard of this in a tech company before, shocking). Also because the company needs to do a consultation to see who is finally made redundant, a bigger percentage of the staff has been waiting for a week, not knowing if they will loose their jobs or not. Apart from the above, XYB is not good for software engineers imo; there is no career progression or a process for it, no real knowledge sharing within teams to upskill other staff and working here feels chaotic most of the time. I can't recommend this company to anyone, I wish them good luck but it's hard to imagine them succeeding if they can't get a single client to sign a deal...

1.0
18 Apr 2025

Incompetent Leadership and Zero Job Security

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Co-workers (non-management) most are talented and hardworking.

Cons

Chronic Layoffs: Multiple rounds of layoffs in under 6 months. People are let go as soon as a project is done, like disposable resources. No job security at all. Incompetent Leadership: Leadership lacks vision and accountability. CEO promises customers but delivers nothing. No new business, just false hopes. CEO on Vacation During Layoffs: Speaks volumes about leadership priorities, announces layoffs and continues his holiday. Micromanagement & No Trust: Forced return-to-office policy purely due to lack of trust in employees, not actual need. Underpaid & Undervalued: Salaries are below industry standards. Hikes are non-existent. Toxic Work Culture: No transparency. Poor communication. Leadership lives in denial while employees suffer. Not recommend this company to anyone.

Viewing 1 - 3 of 17 Reviews

Glassdoor has 18 XYB reviews submitted anonymously by XYB employees. Read employee reviews and ratings on Glassdoor to decide if XYB is right for you.