thinkmoney Reviews

3.7

59% would recommend to a friend

(99 total reviews)
avatar

Michael Aldred

62% approve of CEO

63% positive business outlook

thinkmoney has an employee rating of 3.7 out of 5 stars, based on 99 company reviews on Glassdoor which indicates that most employees have a good working experience there. The thinkmoney 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

99 reviews
1.0
18 Feb 2022
Recommend
CEO approval
Business outlook

Pros

The water fountain when its switched on!

Cons

thinkmoney is an awful place to work! Year on year they tell you that some big changes are going to be made and every year it seems to get worse!! They have no care for their staff and think that their 'benefits' and 'salary' are competitive! The salary is by far better elsewhere and as for benefits they might as well be none existent as the pension scheme is poor, they've got rid of the shuttle bus and the 'subsidised' cafe/costa is more expensive than costa itself, the only decent benefit is the gym! You get told that they don't do bonus's because they are regulated by the FCA yet 'some' people who are the CEO's teachers pets get them on the sly!! The company will get rid of people they don't like and cover it up as 'redundancies' or conger up plans to manage people out. If the people from the top are in bad moods you will all know about it! If they're not shouting on the floor or from the office they will ignore you when walking past!! The company brain washes people into thinking they're not good at their job when in fact your doing 2 or 3 peoples job roles in one because these people have either left the company or been made redundant because 'their roles not needed' only just be merged with another role but under a different job title! ohh and don't even think about asking for a pay rise for the extra work because its a given that it needs to be done with no extra pay! Once you finally get out of 'HELL' you then realise that you actually know more than thinkmoney made you believe and actually your new employer recongise how much you DO and know! This 'working from home' stuff isn't because the company wants to, its just helping them save money and allowing them to rent the floors/buildings out to other companies (what's the point in think park, when the only company that's hardly on site is thinkmoney). Don't get sucked into this place because it strips you of all your confidence and is no good for your mental health!!

1.0
11 Dec 2021
Recommend
CEO approval
Business outlook

Pros

On site gym and cafe.

Cons

The senior leadership team (SLT) and especially the CTO are completely out of their depth. The CTO was brought in 2 and a half years ago to revolutionise the way thinkmoney works and turn us into a true FinTech company. However, after his time here nothing much has changed to improve the system and we are now facing large-scale redundancies which has hit the Tech team the hardest. Looks like they want to “bin tech” as opposed to keeping this at the heart of company. At the start of the year (as is normally the case most years) lots is promised, but as usual its all hot air. So many times, projects start then get pulled due to poor decision making from the CEO/CTO, this is a huge waste of time and effort and leaves the team feeling very demoralised. In August thinkmoney offered roles including 4 developer roles to people who duly handed their notice in with their current employer, only for thinkmoney to retract those offers leaving those poor people in complete limbo. This happened to other roles within the business as well, and has happened on other occasions. This is either extremely poor management or plain stupidity and is an example of how this company operates.

2.0
10 Mar 2022
Recommend
CEO approval
Business outlook

Pros

Supportive team Remote working Training program On site gym for free

Cons

Senior management allowed a mass of recruitment to occur, while boasting about this for months. By end of 2021, the 10 junior Devs that were hired were reduced to 0 due to sudden redundancies. Technology department suffered over 40 redundancies in total! Some people had their offers rescinded after quitting their previous jobs and got told "try your old company, see if they will take you back". The senior management either ignored red flags and wasted people's time, or they had no foresight to whatever issues caused this decision, and I don't know which is worse but both outcomes show a gross incompetence.

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Glassdoor has 101 thinkmoney reviews submitted anonymously by thinkmoney employees. Read employee reviews and ratings on Glassdoor to decide if thinkmoney is right for you.