Zepz reviews

2.9

43% would recommend to a friend

(412 total reviews)

Barrie Morris

48% approve of CEO

41% positive business outlook

Zepz has an employee rating of 2.9 out of 5 stars, based on 412 company reviews on Glassdoor which indicates that most employees have an average working experience there. The Zepz employee rating is 22% below average for employers within the Financial Services industry (3.7 stars).

Reviews by job title

412 reviews
1.0
May 16, 2023

Avoid working here at all costs

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

The salary was competitive and there are some great people trapped here.

Cons

The work environment is the definition of toxic. People are laid off every month. This includes critical and well-respected experts who are an endangered species, with no clear reason or explanation other than "business reasons". Absolutely no effort is made to retain or develop talent. They just hire back another batch when they think they need more people and do it over again. When you can't figure something out because people are too new bring in the consultants who are the partial experts because they've been called in so often to complete 50% of the work before deciding they are too expensive. The turnover situation is so bad there is almost nobody there that has any decent understanding of many of their critical systems. Good luck if you need something fixed in a timely manner, or if you are new and looking for help to get up to speed. Nobody feels they have job security or is happy. Despite this senior management is completely oblivious of the extremely risky situation they are in. They consider everything a top priority and set wildly unrealistic timelines that are laughed at as absurd by all who know better but weren't consulted. Despite high turnover at the senior level as well the same issues persist and are not getting any better. If you don't understand the branding Zepz = Worldremit (Toxic). Sendwave, which seemingly was once a nice place to work, is in the final stages of being devoured and destroyed ask everything becomes Zepz. The benefits are not great and getting worse.

avatar
Zepz Response
3y
Hello, thank you so much for your review and for taking the time to share more about your experience. Although we're glad you were happy with your salary and the people you worked with we are overall sorry you feel this way about your experience. Our ambition is to be a profitable, high growth business that delivers value for our users. This empowers us to be purposeful about our reinvestments, delivering more value to our users, creating a virtuous circle of reinvestment and growth. We believe that for us to grow stronger and provide better value to customers we need to be a leaner, more agile team. Making decisions like this is never easy, and we’re very sorry your role has been impacted. Throughout the process, as we shared, our main priority was and will continue to be to treat our colleagues affected with respect, empathy and in line with our commitments. We’re also offering as much support as we can, and our Employee Assistance Programme is also available to all colleagues 24/7 and provides free, confidential counselling, coaching and practical advice. Thank you again for your hard work during your time at Zepz, and we sincerely wish you all the best moving forward.
2.0
Mar 20, 2024
Recommend
CEO approval
Business Outlook

Pros

- Remote work - Opportunity to work with a global team - Potential to possibly learn new skills depending on prior experience - Potential to meet some great people (who will then probably resign)

Cons

- Extremely low trust org - Very poor leadership and management - Poor product - Questionable ethics and customer data protection Zepz is a terrific case study of what NOT to do in business. There is significant turnover at all levels (including CFOs, and CEOs), there is extremely low trust across the org, and there is ample quiet-quitting. The People and Operations orgs are especially poorly performing. The integration of the two brands was executed as if it were the first time the Chief People Officer had ever done it; and the Operations org is structured in a way that does not make sense nor support the initiatives that so desperately need to get done. If you're constantly restructuring and creating new "strategic" plans, and don't have the discipline to ride them out (probably because they weren't solid to begin with), you are doomed to stay in a cycle of going back to the drawing board and being unproductive all while wasting money and losing morale. If you are new in your career it would be especially dangerous to join the company as you will pick up bad habits, and not be setup for success at another company. If you are more senior in your career, you will most likely live in a cycle of frustration and disbelief as you see how things are done at Zepz. Initially the company was trying to IPO but it appears that can't happen because the product is poor, leadership is misguided, and other companies simply deliver a better service. If you have no other options, sure, join the company, but if you can find anything else, that would be a better decision. If a company whose mission is to send money for people doesn't actually know where that money is every step of the way...we have a problem.

1.0
Jan 1, 2024
Recommend
CEO approval
Business Outlook

Pros

camaraderie over the unanimous sense that we are all on the chopping board

Cons

the company has a complete inability to determine a path forward and stick to it, with constant turnover across all levels (in less than 3 years, there were 2 CEOs, 3 CMOs, 2 COOs, 2 CFOs) and a complete lack of accountability to any individual or group of people to create a working model that stays around long enough to actually get anything done. Budgets get reforecasted at least twice a year (typically more) and every single person is expendable, regardless of performance or impact, as a result of the inability to pick a plan and stick with it. The primary motivation for any given plan is how to spend as little money as possible, wasting the talent of many individuals that come from larger brands with hopes to do the "disruptive" work in tech promised by recruiters and leaders. The work is asked to be done on a laughable budget that often doesn't even allow for assets to be developed for campaigns. This is a "disruptive" and "breakthrough" tech company that can't automate basic systems that have led to customers being unable to send money home to sick family members, and then tries to quiet the upset customers by hiding comments and shutting down suffering corridors, rather than look in the mirror and have an ounce of accountability. Budgets are so tight that leaders were forced to deny people standard travel regulations for travel this year. To that end, the senior team is constantly going on retreats and then simultaneously turning around and telling teams they need to cut budget. This is the culture being pushed to the organization. Benefits and basic tools and elements like how to use Slack are not consistent across the organization and when the staff complains about the stress this causes, they are asked to be patient because the teams are stretched so thin. In some instances, people weren't paid correctly for months, and were still told to be patient with no timeline for resolution.

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Glassdoor has 438 Zepz reviews submitted anonymously by Zepz employees. Read employee reviews and ratings on Glassdoor to decide if Zepz is right for you.