Purple in concept, but not in practice - Director HealthEquity Inc. Employee Review

1.0
Mar 17, 2020
Recommend
CEO approval
Business Outlook

Pros

I was not allowed to remain employed long enough to discover any Pros.

Cons

I and my Department were "purple" to the bone long before Day 1. In reward for our open minds and eagerness to serve, we were unceremoniously dismissed in a fashion reminiscent of the Texas Chainsaw Massacre. What occurred in the Tempe office on November 5th, 2019 was one of the most unprofessional mass layoffs I have ever been privy to in a 20+-year career. The organization preaches transparency and professionalism. The machinations which resulted in the maiming of hundreds of people's careers were more than surreptitious. I find it difficult to, in good faith, classify as professional senior executives who veritably litter their monologues and diatribes with profanity and snarky jokes/accusations. The Draper folks who were, subsequently, promoted to the VP and Director levels replaced senior, seasoned executives with with advanced degrees and scores of years of experience who were closing multi-million-dollar deals when the children in question were in kindergarten. These folks' outlandish and ignorant decision-making processes were more than evident from Day 1, and their hubris-driven sense of superiority mixed with their complete lack of two-way communication have served only to denigrate and disenfranchise the poor WageWorks folks who remain employed.

Explore other reviews about HealthEquity Inc.

5.0
Jun 30, 2026
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Mission, growth trajectory, work alongside good humans, constantly growing and developing.

Cons

Remote environment. Need to find opportunities to informally get to know your colleagues.

1.0
Apr 23, 2026
Recommend
CEO approval
Business Outlook

Pros

Benefits, perks, remote work, unlimited PTO, and stock options.

Cons

Unfortunately, what has happened with most companies that grow too fast has occurred here. Too much focus on sales and marketing, and diminished focus on retaining clients or making sure new technology and processes are properly trained. Because of miscommunication and a lack of training, it's impossible to get help from other departments without a ton of pushback. Management would rather blame employees for problems than examine why processes aren't working properly. They now want all roles to sell product, even though that is not in their job descriptions. I wish HR would be more involved in how management speaks to employees because it's incredibly unethical and problematic every time we have a meeting. Whoever the C-suite is listening to on how to be good leaders should be fired, because they are taking a page out of every toxic workplace stereotype, instead of looking at how things can be ethically and properly fixed. There is no focus on clients or employees anymore, just getting more money.

5
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