Massive layoffs - don't work here! The other reviews are fake. - Anonymous employee NerdWallet Employee Review

1.0
Apr 19, 2017
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

- There's a lot of corporate benefits: shiny Twitter office, unlimited time off, good health care and retirement plans.

Cons

- Recently fired 40 people with absolutely zero notice, including the COO and VP of Growth. Firings were arbitrary and not performance-based. Reason given was "to clear the way for the company to succeed." Newly hired CPO pulled off a major coup and consolidated all power under himself despite doing being out of the office for a month. - One of the most stressful companies I've ever worked at. The culture is relentless and cutthroat while also being stupidly inefficient. - Decisions are either made at a glacial pace or immediately and impulsively with no justification. - Forget the mission of being unbiased and consumer first. NW now offers sponsored placements in its recommendations to the highest bidder, without making it clear to the consumer. There's no scaleable way to make money without screwing over the user somehow. - Don't be misled. This is not a tech company - it's an affiliate marketing company that makes all its money by gaming the Google search results. Google is constantly catching up and I wouldn't bet on NerdWallet to win the fight. There is no product and no way to capture members right now. Competitors who are far newer in the space are light years ahead of us.

avatar
NerdWallet Response
9y
Layoffs are never easy and the recent decision to restructure the organization was made very carefully. Although the recent changes were hard decisions to make, we do believe these changes will enable the company to double down on our product vision, which is what we need to deliver a consumer product experience.

Explore other reviews about NerdWallet

5.0
May 13, 2026
Recommend
CEO approval
Business Outlook

Pros

The people who were motivate to an equal end goal. A phenomenal experience

Cons

The nature of going public.

3.0
Mar 9, 2026
Recommend
CEO approval
Business Outlook

Pros

Good wlb for mid level company

Cons

Bad rsu grants and refreshers

See reviews by: Helpful|Rating|Date|All