Recently made 8% of the workforce redundant in 2024 after receiving £400m+ from the sale of Virgin Money. Irresponsible with cashflow management - claim to have lost loads of money due to Virgin companis but bad decisions have been made at the top (poor investment decisions and overhiring in 2023 after knowing that large Virgin group companies were troubled), yet mid-level managers suffered by losing their jobs within a year. General tendency to overspend without proper diligence, resulting in bad financial outcomes.
Favourtism and bureaucracy in certain teams. Certain senior MDs refuse to engage with people in other teams. Slow to no progression as the company is top heavy.