Another struggling fintech startup that can be turned around - Anonymous employee M1 Employee Review

2.0
Oct 3, 2024
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

- Salary is fair - Healthcare benefits are good but depends on your situation - Mostly flexible unlimited PTO and remote working - Many people like the product offering and think it's competitive

Cons

- No job security with multiple rounds of layoffs so company is half it's peak size - Major product launches weren't planned and fell apart: credit card, personal loans, savings account, crypto - Leadership changes company directions and priority based on a whim leading to layoffs and failed products - Learning and development, company events, diversity efforts, employee engagement have been cut cut - Transparency from leadership - Financial outlook - Company moral - Don't believe the best place to work awards (layoffs)

Explore other reviews about M1

5.0
Aug 7, 2025
Recommend
CEO approval
Business Outlook

Pros

Strong engineering culture. Very smart and capable engineers. Lots of Scala nerds.

Cons

Recent layoffs to improve bottom line.

4.0
Apr 20, 2025
Recommend
CEO approval
Business Outlook

Pros

A great group of people to work with who cares about the team and culture. Pay was a little above average.

Cons

Some questionable company choices led to layoffs in 2024. In my opinion M1 should have doubled down on the brokerage offerings more than they did to attract customers with M1's core differentiator (investing pies).

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