Yapstone Reviews

3.4

41% would recommend to a friend

(322 total reviews)
avatar

Mike Orlando

64% approve of CEO

34% positive business outlook

Yapstone has an employee rating of 3.4 out of 5 stars, based on 322 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Yapstone employee rating is in line with the average (within 1 standard deviation) for employers within the Finance industry (3.7 stars).

Reviews by job title

322 reviews
2.0
16 Nov 2015
Recommend
CEO approval
Business outlook

Pros

I believe Yapstone will ultimately be successful and still has many dedicated and gifted individual contributors - both old and new hires. This is a company that - with all of its warts and growing pains - I saw myself as being able to retire from some day. Furthermore the company has reached the size where your experience may vary greatly by department so this review is for Engineering.only.

Cons

What best captures the current state of mind is the fact that, during my last week, the vast majority of goodbyes I received went something like “congratulations,” “you’ve escaped” or “save a place for me.” I think the prevailing attitude is the result of three things: first - a lack of trust, second - uncertainty about the future and third - feeling that people are not valued. I can compare my personal feeling to that of an ant living in an ant farm owned by a teenage boy - every day you wonder if this is the day he’ll remember to give some sugar to the colony or will this be the day he decides to randomly burn an ant with a magnifying glass. I think the erosion of trust began with a big layoff followed by a promise that there were not going to be any more layoffs. Although there weren’t any more layoffs, there was a steady stream of individual firings culminated by a group firing for “performance reasons” which caught people on H1 visas flat footed. The uncertainty came from being told we were being evaluated on code line count but then seeing people fired for either making mistakes or saying the wrong thing to the wrong person. It’s disconcerting to see someone with whom you’ve worked for years - tearfully packing to be escorted out of the building. Feeling not valued is driven mostly by leadership’s willingness to publicly and privately humiliate individuals. They’ve actually publicly acknowledged that some meetings were seen as “shaming,” so I know they are aware of it. Perhaps even worse is that people outside the executives’ offices can overhear them mocking individuals. Another contributing factor is that flex hours were done away with and everyone had to be in at 9:00 am - a time that forces people to drive in through rush hour with the additional stress of walking through the daily 9am stand-up which was held directly in front of the main entryway. The point isn’t that they decided to establish core hours but the fact that they wouldn’t move the time up by 30 minutes so people could avoid the worst rush hour traffic. That is, even when it seems like it cost them nothing to make people happier they wouldn’t do it. Most of what I’ve written has to do with new Engineering management. However, I’ve also been disappointed with the Company in regard to the layoffs and firing. I’ve been at Yapstone through three changes in executive leadership and the interim periods without any executive leadership in Engineering. Through those times it was the contributions and sacrifices of dedicated individuals who kept things not just running but decreasing down time and facilitating the growth in revenue. Some of those individuals were directly affected by the layoffs or subsequent firing. I don’t necessarily expect new management to respect contributions that occurred before their tenure, but I had hoped that some of the top executives would have stepped in. At least an offer of retraining or a chance to transfer to a different department. Individual dedication and company loyalty should have been recognized, and was not. For this, I fault the top leadership. I will note that there have been recent changes. Flex hours have been reinstated, and there will be an option to work in Walnut Creek or in San Francisco. My hope is that there has been a fundamental value shift. My fear is that it only reflects self interest (because of attrition) and without a value shift there will be more disappointing decisions in the future. There are still a lot of great people at Yapstone. Business is good and I believe in, and wish for their success. I get that they have a very challenging mandate and tough decisions have to be made and people will be called upon to make sacrifices. I’m just saying right now things are tougher than they have to be.

avatar
Yapstone Response
10y
First of all, thank you for taking the time to provide us your feedback. As I read through your feedback, I get the sense that you believe in YapStone, the business opportunity, and that there are great, committed individuals that work for the company. It’s the recent management practices within the technology group that you have concerns with and don’t feel good about. At our November all hands, the technology leadership team addressed the company acknowledging that they could be doing a better job on “how” they are managing employees, communicating with employees and interacting with employees. It took a lot of courage for the leadership team to “own it” and make a commitment to the employees that actions would change and greater focus would be made on respect for the individual along with trusting employees by implementing greater workforce flexibility. For example, employees can choose whether to work in Walnut Creek or SF, to work in the office or work from home if needed. As I have mentioned in my other posts, it’s not just what we do, it’s how we do that matters. We could have managed the change management initiatives in a more thoughtful way and are committed to do it better going forward. We are on the right track with a committed leadership team that has acknowledged parts of their leadership style to change to improve the employee’s experience.
2.0
22 July 2015
Recommend
CEO approval
Business outlook

Pros

Yapstone is a good platform, and there are many smart people working hard everyday. Many product teams servicing different products, e.g. mobile, international business, vacation homes etc.

Cons

Yapstone has gone downhill since the new CTO Daniel Issen has joined. The nicest way to put him is that he is a genius jerk, period. He manipulates everyone who works under him. Engineering managers and top executives have been quitting since he joined. He basically turned this place to a sweat shop. One example would be: everyone has to come to work before 9:00 am. There is a meeting scheduled every morning with your respect managers every morning, so you can't really miss it. And nobody is allowed to work from home.

2.0
10 Aug 2017

Cultural Suicide

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

- Great CEO & President - Great HR Function - Great Individual Contributors (Lot to learn from them) - Challenging work - Company is in transition period, great opportunity to learn if you are in the right group and with the right people. - Close to BART! - Free snacks, weekly social hours, company all-hands YapStone could really be a 4 star company but turning into 2 star company because of some repetitive mistakes!

Cons

YapStone's company culture runs like a Snakes & Ladders game where as ladders are the great employees and snakes are part of exec level management - CTO and his minions that came from Western Union. Now, let's get into Before & After Facts! Before this CTO joined - YapStone just recovered from the damage done by our ex-CTO. The CEO, President & HR committed to improve the company culture and they have been significantly successful. While there are exceptions, employees are highly valued in most teams in the organization. After CTO joined - Within few weeks, CTO hired his minions from his past company Western Union in the roles of VPs and Directors. All these people were hired without proper interviews or with some nominal interviews. Most of these people are not worth what they are hired for. They act like they control the company, and talk down of the current systems & current employees. Hello, the company has been running successfully for 18 years! Leave your crowns in the parking garage, and come out of your past and contribute for company's growth if you have anything to chip in. Apart from this, there is very high employee attrition rate in the company. Big politics in a relatively small company that creates high levels of frustration to Individual contributors. Compensation is not competitive compared to similar companies in Bay Area! Career development or promotions depend on the group you are in or how good you are with your manager.

avatar
Yapstone Response
8y
I do appreciate you taking the time to share your feedback. However, I am concerned that your comments referring to “fact” are actually not factual. I value your perceptions of the company, and encourage you to come talk to me directly since you are still an employee of Yapstone and seem to be engaged to want YapStone to continue to be a great place to work. I’m the Chief People Officer and have been with Yapstone for almost 2 years leading our cultural transformation. As you acknowledged, a lot of work and energy has transformed Yapstone into what over 75% of our employees on our June 2017 employee survey stated as being a place they are very satisfied to be working at. Yet, you stated that our technology attrition is high. Actually, that is not accurate. Our attrition rate is trending the lowest it has ever been and is under the industry norm of 18-20%. You also raised concerns about the new CTO bringing in only his leadership team which impacts long term employees. Unfortunately, this is also an inaccurate statement. He has 6 direct reports and 2 are new hires while the other 4 are leaders have been with the company prior to the CTO joining. Also, there have been over 25 technology hires since our new CTO joined who have no association with him. What I personally found disheartening is that you state we didn’t have an interview process for any of these new hires. I own the interview process and drive the implementation of it. All candidates have had interviews with a minimum of 4 people prior to any offer being extended. Again, I don’t know where your data is coming from but I hope you see that we do have processes that we follow. Our new CTO is a very compassionate leader who very much cares about the personal development of each technology employee. Since his joining we have implemented new technologies in addition to monthly rewards and recognition programs. I understand that the change of leadership can be difficult for some, yet, we hire people who have experience not only in their technical areas of expertise, but their people leadership abilities too. Our CTO is committed to not only building the most innovative payment technologies on the plant, but to lead and develop the best technology talent. I encourage you to come and talk to me directly with your concerns, or to provide further feedback to culture@yapstone.com
Viewing 1 - 3 of 322 Reviews

Glassdoor has 344 Yapstone reviews submitted anonymously by Yapstone employees. Read employee reviews and ratings on Glassdoor to decide if Yapstone is right for you.