Top comment on the blog post : “I hope your KPI isn't tied to effectively running the company because I'd say your performance rating is "significantly below expectations" and we both know what that means.“<p>Let’s see if the PR damage people delete it.<p>VCs should observe this kind of behavior as a serious risk to company morale and productivity. In the modern age of social activists, we really can’t have another Larry Ollisen escape through extortion of their employees. This issue needs to be exposed and put up as an example: your company’s most important asset are the people. Treat them professionally and with respect or you’re doomed to die. We are neither in a 80’s regimented business era nor this is a military organization.<p>There are times when social media does good - exposing deep habitual issues of extortion and exploitation. I don’t know how many other startups have this kind of toxic environment. It’s legal but shouldn’t be ok and should be met with the decline and demise of the company.
"Revolut insiders reveal the human cost of a fintech unicorn's wild rise"<p><a href="https://www.wired.co.uk/article/revolut-trade-unions-labour-fintech-politics-storonsky" rel="nofollow">https://www.wired.co.uk/article/revolut-trade-unions-labour-...</a><p><i>CEO Nikolay Storonsky gave an interview to Business Insider where he said Revolut’s philosophy was to “get shit done”, a slogan that is emblazoned on the company's London office walls in bright neon lights. In an echo to what was going on in these calls, Storonsky would go on to say in the interview that the company attracted people that want to grow and “growing is always through pain”.<p>Sources say at least one former head of HR resigned after failing to convince Storonsky that the company had to change its dogmatic approach to performance targets. In the last two years a total of three different people have headed the HR department, the last one leaving two months before Revolut's use of the controversial home task was revealed. At the time of writing, Revolut has more than 200 vacancies listed on its website.</i>
I don't know anything about what happened, but something doesn't add up. Why would a CFO of a successful company resign just because he doesn't have global banking experience? Sounds like BS.