Green Dot

www.greendot.com
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Green Dot Reviews

Updated February 16, 2015
Updated February 16, 2015
79 Reviews
2.1
79 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
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Steve Streit
47 Ratings

Review Highlights

Pros
  • people are great, facility is nice (in 4 reviews)

  • Fast paced environment pushes one to fine tune skills (in 3 reviews)


Cons
  • Not a good example of what C-Level should be like (in 5 reviews)

  • New leadership terminated (not lay-offs) a lot of employees this year and now the morale is low but hopefully it will pick up (in 3 reviews)

More Highlights

Employee Reviews

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  1.  

    Growth but lacks direction.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Pasadena, CA
    Current Employee - Anonymous Employee in Pasadena, CA

    I have been working at Green Dot full-time (more than 3 years)

    Pros

    There are many opportunities to shine at Green Dot if you are willing to take the initiative. Salary isn't bad and vacation policy is fairly liberal.

    Cons

    Overall Green Dot seems to lack a firm direction for the future of the company which puts long term viability at risk. While the benefits aren't bad, the 401K matching is next to nothing.

    Advice to ManagementAdvice

    Get a solid plan for the future of Green Dot revenue growth in place. Products seem stagnant and there is no clear vision communicated outside of the C-Level.

    Recommends
    Neutral Outlook
    Disapproves of CEO
  2. 2 people found this helpful  

    Always changing

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Analyst
    Former Employee - Analyst

    I worked at Green Dot full-time (more than a year)

    Pros

    Great people to work with and learn from.

    Cons

    The company is always restructuring and letting people go.

    Doesn't Recommend
  3. 3 people found this helpful  

    Clueless and no leadership

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Marketing Manager in Pasadena, CA
    Current Employee - Senior Marketing Manager in Pasadena, CA

    I have been working at Green Dot

    Pros

    No deadlines or any measurable impact, so limited accountability. Show up and basically you are good.

    Cons

    Leadership is worthless. Wrong people in place who don't know what they are doing.

    Advice to ManagementAdvice

    Stop with the "we're a start-up" introductions, it's been 15 years.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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  5. 2 people found this helpful  

    Stay away if you have other options, sometimes you have to endure a crazy job.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Engineer in Pasadena, CA
    Former Employee - Engineer in Pasadena, CA

    I worked at Green Dot full-time (more than a year)

    Pros

    1. The benefits started off good but they were reduced after the stock price took a plunge.
    2. ESPP program has been great since the plunge though. Stock fell 60+% in ONE day. It has slowly climbed back up so if you were enrolled in ESPP you doubled your money or more.
    3. Because so many people have left or get fired/laid off on such a regular basis there is oddly career opportunities and advancement available. Just wait two years and a position you think you want will open up.
    4. Trying to do Agile and in some places it works quite well however the business is very bad about allowing the engineering team to not meet dates. The business at the C level still wants a definitive date and wants to get in all the changes they asked for .... oh the sorrows of engineering.
    5. The new office is nice to look at.

    Cons

    1. Turnover is ridiculous. I was told by some colleagues on day one that if you last longer than two years here you are a long time veteran. I left after two years.
    2. Board/CEO flipped their review cycle from fiscal year to calendar year. Then that was pushed back to February, then back to March, then finally happened in April. Reason for the delay? Company is unstable.
    3. Work/Life balance was insane. No boundaries on the technology teams for when and why you could be called and asked to work. Many engineers were way over utilized and got to the "I don't care anymore" phase.
    4. If Walmart chooses to cut Green Dot the company will go under the next day.
    5. Culture/Morale is very low. New employees feel this very quickly as most who have been around 6 months are very unhappy with their job.

    Advice to ManagementAdvice

    Fire the CEO and start over from the top down. Steve is a nice guy with a great idea but he should not be running the company at this point. Bring back the full 401k matching. Highly motivated, A-rated employees care very much about any and all benefits. Cutting benefits is basically a pay cut. Why waste time hiring in China what you already have in India?

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6. 2 people found this helpful  

    Wasted two years here. Knew within the first month it was going to be sour, but it would of been really amazing if it w

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Software Engineer in Pasadena, CA
    Former Employee - Software Engineer in Pasadena, CA

    I worked at Green Dot full-time (more than a year)

    Pros

    Office is in a cool area.

    Cons

    If you're actually good at your job, there is no good reason to stay at this company. If you're unemployed, you could probably do worst staying here to find someone worth working for.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  7. 4 people found this helpful  

    Stay away. Be warned it's living hell, as another reviewer put it.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Director in Pasadena, CA
    Former Employee - Director in Pasadena, CA

    I worked at Green Dot full-time (more than 3 years)

    Pros

    Decent health benefits. Took away everything else tho.

    Cons

    Everyone is miserable and looking to get out. leadership is a joke. no long-term vision. can't even tell you what your job is let alone what the company's goals are. The Board is not doing their job to fire the CEO. everyone is scared they will be fired without any notice or cause, as so many people are. then, the best people are the ones that have the intelligence to stand up to Csuite's crazy ideas, and they get fired. everyone is scared now. Don't fall for the fake good reviews. they come from HR or puppets of the leaders.

    Advice to ManagementAdvice

    Get some people with ethics to make the decisions. Take a look at whose making the decisions and ask if they are really giving you is honest or just what you want to hear.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  8. 5 people found this helpful  

    Great until they don't need you anymore.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Green Dot

    Pros

    Gain experience in a fast paced environment.

    Cons

    Not stable was laid off without notice.

    Advice to ManagementAdvice

    Let your employees know before laying them off, It's cruel to just let people go after they were counting on a job there.

  9. 2 people found this helpful  

    Lots of potential

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Principal Engineer in Palo Alto, CA
    Current Employee - Principal Engineer in Palo Alto, CA

    I have been working at Green Dot full-time (more than 3 years)

    Pros

    The GoBank team in Palo Alto is great. There is (still) a startup feel and mentality to the office. Recently there have been some turn over in the employees, but this also means there is great potential to advance in this office. Salary, bonus plan, ESPP, stock options are great and the CEO is super inspiring. GoBank as a product has great potential.

    Cons

    HQ is in Pasadena and it has shown to be hard to contribute to company wide changes from a satellite office. The company is trying to change process/policies to be less "banking" and more "software development", and even though the company is much more agile now than 1-2 years ago, there is still ways to go to make development and releases leaner/smoother. Lots of QA and parts of development is being moved to new office in China, which complicates the process.

    Advice to ManagementAdvice

    Need to reward people taking initiatives to get rid of the cover-your-back mentality. Currently people are reluctant to proactively making improvements to code and/or process because 1) there is lots of red-tape involved, and 2) you will get blamed if something doesn't work.

    Recommends
    Positive Outlook
    Approves of CEO
  10. 3 people found this helpful  

    Crazy sometimes, but it's exciting and keeps me engaged

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Director in Pasadena, CA
    Current Employee - Director in Pasadena, CA

    I have been working at Green Dot full-time (more than a year)

    Pros

    Get to work on building banking products, so it always feels like my work is relevant to the everyman. Better than in entertainment or other fields, where you are pleasing people but not changing something they hold personally and vitally important.
    There's a strong effort to create fun at work, with ad hoc team-specific events and learning sessions, as well as lunch served downstairs 2 days per week.
    We have huge ambitions to accomplish big things. The management team really has a strong desire to shape the industry and create better products/experiences.

    Cons

    Because we're dealing with people's finances, there is a lot of pressure. If any mistakes are made, we could be harming somebody in a way that really hurts -- their wallet. Sometimes that can get stressful, but hopefully there's a good result from that stress.
    Would love free lunch every day :)... but there are a lot of lunch places around, and it's nice to have it in the office 2 days per week.

    Advice to ManagementAdvice

    free lunch! more career training, more all-hands meetings. They are so helpful each quarter. Would like to do more.

    Recommends
    Positive Outlook
    Approves of CEO
  11. 1 person found this helpful  

    Director of Business Development

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Business Development in Monrovia, CA
    Former Employee - Business Development in Monrovia, CA

    I worked at Green Dot full-time (more than 3 years)

    Pros

    - Talented group of employees, willing to work hard in an everchanging environment
    - Strong focus on providing a fairly priced financial products to the underserved population
    - Rapid growth and energizing environment
    - Fair compensation
    - Nice perks such as Annual Picnic and fresh fruit in the office

    Cons

    - Due to rapid growth, frequent shift in priorities
    - Didn't feel like employees were freely able to provide opinions and feedback to leadership

    Advice to ManagementAdvice

    - Better intergrate feedback/needs from clients into strategic plans

    Recommends
    Neutral Outlook
    No opinion of CEO

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