NerdWallet Reviews

Cons

-As the company has continued to grow, I've felt that there has been more unnecessary bureaucracy and processes added in, which just makes things take longer to complete in general.
-Detailed product roadmap could be more widely shared. Unless you are working on a product team, details are sparse when it comes to the exact products we are working on building.

Cons

None yet, i just signed my offer letter

Cons

-Multiple rounds of layoffs have made it seem like they don't want to be there or are looking for their next roles. The atmosphere is also really cliquey, people don't really go outside of their comfort zones to talk to people not on their team. Lots of politics in play.
- They talk a lot about being transparent, but I never got that sense. They let rumors go on and on all over blind and within the company and waited days before the layoffs, making everyone feel like they were on the chopping block.
- Multiple people talk about certain leaders that are only there because they are friends with the CEO. It's almost a known thing that isn't dealt with

Cons

Everything stems to the product leader. I'm not sure if he knows what he is doing. Without a solid product, every vertical at NW is affected.

Cons

As a startup there certainly have been some growing pains throughout my years here, and at times I've felt a lack of direction/leadership from the top. This is not right company to work for if you don't like frequent change or want to feel secure about your job.

Cons

- Company has largely completed transition from being operational-led to being product-led. Large changes in strategy are always painful for functions de-emphasized in this new operating model

Cons

1. Management. Top management at NerdWallet was in over their head from the beginning and it's unfortunate no one was able to force any meaningful change over the years.
2. Unprofessional treatment. The posts about rampant favoritism are spot on. If you happen to land on a wrong team, it's shocking the level of incompetence you might encounter. In fact, one anonymous person who purports to be part of NerdWallet management on Blind confirmed as much in a recent post that oddly was meant to assure potential candidates there was still some upside left! It's crazy to me that even your managment is like....it's REALLY depends on which team you get...but come work here!
3. Layoffs. After three rounds of layoffs, it's obviously really hard to feel bullish about the future direction of the company. What's less widely reported in that large groups have left of their own accord as well in reaction to this ongoing uncertainty.

Cons

- Three rounds of layoffs this year has crashed the company morale. People come in by 10, leave by 5, and generally eat at their desks. Everyone outside of leadership is in survival mode and needs to constantly prove their worth to make sure they're not the next one gone. This makes it really difficult to focus on the mission.

- Leadership seems content to keep telling white lies, like leading employees to believe the org changes will be permanent, that there aren't likely to be more reorgs in the future. This is never true in the tech scene, but it's the flippant attitude of leadership that makes this concerning. In truth, the reorgs were all rash decisions made overnight by a few key people in power.

- Politics are rampant. Everything at NerdWallet is about who you know, who will speak up for you, and who can help protect your position.

- PMs are entirely new and inexperienced. They were shuffled from other parts of the business when the first reorg happened this year. While they are capable and dedicated, there is still a learning curve when the 40 people running a product org are new to the role.

- Super cliquey. If you go to happy hour, you'll see teams drinking with their immediate team members, and ignoring everyone else. Lunch is the same.

- Office tends to look like a war zone. Everyone who is a manager level or higher is in meetings all day, so they're never at their desks. Everyone else seems to be on vacation, in hiding, or maybe interviewing for their next role. Desks are empty on every floor.

Cons

Leadership is awful
3 rounds of layoffs in 8 months
Design team is a complete disaster since there is a lack of leadership
Moral diminished after the first round of layoffs
Impossible to get projects done because of the amount of pushback given
Communication between teams is almost no existent

Cons

- highly challenged business model. I have serious doubts about the company's long term success
- weak leadership. Tim means well, is really smart and humble... but highly inexperienced and surrounded by so-so senior management
- multiple rounds of layoffs has decimated morale