Wasted Potential - Anonymous employee Blockchains Employee Review

1.0
Jan 27, 2018
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

- super ambitious goals - gain experience in blockchain and fintech - you can bond with your coworkers over how miserable you all are Really inspiring to hear the head owner talk about the company's goals and ambitions, but the day-to-day work becomes so frustrating you will be looking for a way out very quickly.

Cons

- pay/benefits are well below market rate - incompetent leadership: these guys have no idea how to run a software company - "loyalty" valued over skill, performance, or competence. "trust" is cited as the single most important quality, and yet no employee is trusted. - super strict work hours, 8am-5pm no exceptions, even salaried employees must clock-in/clock-out - no one knows where the funding comes from, super secretive, which is pretty shady. enormous amounts of money are spent on everything EXCEPT employee happiness/compensation It was immediately clear how unhappy the existing team was from my first day on the job. People do not feel valued or respected, despite making real sacrifices for the company. Basic hardware was not provided for things like mobile testing, even installing the necessary software to do basic tasks becomes a huge headache. The PM has no idea how to manage deadlines and constantly over promises to the owners, leading to everyone on the team stressing out ALL THE TIME. Everything is so secretive and people are always whispering in offices while devs work in isolated cubicles with no idea of what's going on. The minutes and hours crawl by and you can feel the despair in the air.

Explore other reviews about Blockchains

5.0
Mar 4, 2025
Recommend
CEO approval
Business Outlook

Pros

Good people, non-toxic environment, flexible work schedule, pays well.

Cons

I had nothing but a good experience working here. I can't think of a single issue I had with this company.

1.0
Jan 20, 2025
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

100% remote work and very talented teams to work with.

Cons

Every negative review here is accurate, ignore the sole 5-star one for obvious reasons. This company is run by a CEO/Founder and his inner circle of friends/ex-coworkers, none of whom seem to know how to manage or grow a business effectively. Despite being around for 8+ years, they've made no progress in deploying any product. The company has had so many great product ideas and an ambitious vision, only for the CEO to abruptly scrap everything, lay off entire departments, and decide to start over from scratch. Layoffs are an annual tradition here, each year another department, and in the last round the entire company, or just about, is gone. It’s a pattern that seems sustainable only because the CEO is personally wealthy. Adding to the dysfunction, the company's NDAs and non-compete clauses are laughable. They attempt to enforce non-competes, which are illegal in many states (and even punishable in some). It’s absurd considering there's no actual product to compete against. Even worse, they forbid employees from mentioning they were laid off—another violation of legal standards. Save yourself the headache and steer clear of this company. There are far better opportunities out there. No 401k matching No health insurance coverage for the first 3 months 10 days PTO (including sick time, bereavement, or jury duty) Minimum holidays paid No compensation for internet or career classes The benefits list is so short that they had to add "casual dress" as a benefit even though everyone was remote!

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