No cure for this company! Doomed! - Marketing Bybit Employee Review

1.0
13 Jan 2023
Recommend
CEO approval
Business outlook

Pros

Decent pay. Some good colleagues - referring to those not in management or department leads. Remote working.

Cons

Copycats. Monkey see, monkey do. Whatever Binance, OKX or Huobi do, Bybit copy. Never walk the innovation talk they always brag about. Constant re-org making working levels confused. Unqualified people put into leadership positions eg. previous hr vp push into coo position but has no clue how to operate the business, and always makes teams in marketing copies the competitors, and the now imc lead is a clueless person from branding background who sell her soul to please the coo, never have a strong point of view when dealing with other department stakeholder and always yes to them, and force own team to do bad works and lost all respects from teams that stay behind after retrenchment round 2. No control of money and anyhow spends it, sponsoring red bull and not getting much back from them. Always builds process but no one want to follow. Everything is last minute, even planning for fixed date occasions like planning campaign for country national day can be last minute. To make one decision take so long, must involve many people who are not experts and lead to make bad decisions. Retrenchment in beginning December done very badly and ends up a lot of people raised their hands to be retrenched because leaving is better than staying in the company. All those stay behind are now taking on more workloads but there is no longer delivery time. Got people said there are rumours that the next retrenchment will happen in first 3 months of 2023.

Explore other reviews about Bybit

5.0
15 May 2026
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

It's a major player in the industry with top-tier compensation and benefits. The company genuinely cares about its employees.

Cons

Be prepared for a heavy workload and high work intensity.

2.0
28 Aug 2024
Recommend
CEO approval
Business outlook

Pros

Fast paced, decent paid and medical insurance coverage, top 3 CEX, short processing time (from interview to offer), pantry snacks, mac laptop

Cons

Untrustworthy senior mgmt | Abnormally high turnover | non-compliant CEX 1) While professing care and attentiveness towards employees, the reality falls short. Not conducive for individuals with family responsibilities, especially those with children. 2)Emphasizing a customer-first approach, yet senior management imposes impractical product launch targets that heighten the risk of errors. 3) Assertions of securing licenses for multiple markets contrast starkly with the reality of withdrawn applications without disclosed reasons. Inconsistencies between public statements and all-hands meeting messages are apparent. 4) Unprecedented turnover within the back office, notably the HR department, at Bybit. Personnel turnover occurs frequently within a span of 3-6 months. 5) Permits registration of overseas Chinese nationals without internal staff notification, disregarding potential legal ramifications for employees situated in mainland China. 6) Staff suffered substantial financial losses while holding the exchange's token. During incidents on the exchange platform, senior management utilized their exchange tokens to cover customer compensation and losses. Essentially, for employees vested in these tokens, they bore the consequences.

10
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