Great business idea, but poor leadership/management and a struggling culture. - Employee Marqeta Employee Review

2.0
Aug 1, 2019
Recommend
CEO approval
Business Outlook

Pros

- Great market and business. - Pay/comp and benefits is as competitive as any company at its stage of growth. - East Bay location is convenient for many - Most people don't put in crazy hours at the office. Flexible work arrangements are welcome. - Most employees, overall, are extremely down to earth. For all its struggles with culture, I would not say that arrogance or ego is a driver.

Cons

- Teams are quick to blame others instead of simply acknowledging that we don't coordinate or communicate well. Some of this comes from internal rivalry and fracturing within the company, and some of this comes from unclear re-orgs which leave day-to-day accountability and responsibilities unclear. Culture has become way too catty and political for a company this small. - Several leaders (Directors/VPs/Execs) don't seem understand to understand the "tech" of being a fintech company, and don't use things like data/metrics or technical considerations to drive decisions. - Prioritization just seems to be based on which sales prospect, existing partner or bank is yelling at us the loudest for feature requests, and changes roughly every month. Executives can't even collectively come up with a handful of shared goals or objectives. - Culture has now impacted the product itself - there were several embarrasing (and foreseeable) service outages this year and product development has grinded to a slow place.

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Marqeta Response
6y
Thanks for sharing your insights and experience. We appreciate the constructive feedback. It’s hard to hear that the culture has become catty and political. That’s not what I want our culture to be or Marqetans to experience. As a leadership team, we are focused on building a solid foundation that supports continued hyper-growth yet also addresses the cultural and prioritization issues that you mention. If you have further details of your feedback, email me directly or, if more comfortable, connect with the head of People. I hope you will be here to grow with us.

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