The once great culture is dead, just another big tech company making money off their unappreciated employees - Software Development Engineer In Test (SDET) HealthEquity Inc. Employee Review

1.0
Feb 4, 2023
Recommend
CEO approval
Business Outlook

Pros

Co-workers and direct managers are great

Cons

HealthEquity makes money off interest and with the Fed. raising rates they are literally handing HealthEquity money. They are in a better financial position than they ever have been, so what do they do? They layoff 50 people (around 10% to 20%) of their software development and delivery department. What do they do after that? They send out an email saying that they want to "aggressively" hire 40 engineers in the next 4-6 months. The company claims they value their employees, but when you look at reality it is clear that they don't care at all. This was the work of their new CTO. He was brought in to help make the transition from a monolith to microservices. He didn't really help much and like the great leader he is, he blamed everyone except himself and convinced everyone else that his lack of progress was because our engineers weren't skilled enough. These employees that were let go are some of the best in the business, I would happily work with any one of them anywhere. What they don't know they put in the effort to learn. They even created a group for former HeathEquity employees and their first rule was no bad-mouthing HealthEquity. Even after the slap in the face they just want to look to the future and help each other find new employment. If you want to be thrown away like the expendable employees that you are come work for HealthEquity. They show their "purple culture" through constant layoffs. There have been around 4 layoffs in as many years.

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HealthEquity Inc. Response
3y
Thanks for providing this feedback, which we will share with our technology leaders. Following the hire of our new CTO last year, HealthEquity began a technology transformation. That transformation has unfortunately necessitated reductions in force in our Technology Department that helped us realign our skill strategy with our future-state vision. Those decisions were made carefully, applying specific business criteria, by the appropriate senior leaders. We encourage you to take any remaining concerns to your leaders or the People Team. We appreciate your contributions.

Explore other reviews about HealthEquity Inc.

5.0
May 19, 2026
Recommend
CEO approval
Business Outlook

Pros

From the very beginning, the experience felt welcoming, thoughtful, and well organized. The recruitment process was smooth and informative, and every interview felt like a genuine opportunity to have real conversations and build meaningful connections. The team was incredibly supportive throughout both hiring and onboarding, which made the transition feel seamless. A great example of the company’s culture is Trailhead, an experience designed to bring new hires together early on and help them connect, learn, and feel part of the organization right away. It’s clear there is a lot of intention behind how employees are supported, especially when it comes to building connection from day one.

Cons

Still early in my time here, but no major cons to note so far.

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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