NYMBUS Reviews

3.1

48% would recommend to a friend

(154 total reviews)
avatar

Jeffery Kendall

53% approve of CEO

44% positive business outlook

NYMBUS has an employee rating of 3.1 out of 5 stars, based on 154 company reviews on Glassdoor which indicates that most employees have a good working experience there. The NYMBUS employee rating is in line with the average (within 1 standard deviation) for employers within the Information Technology industry (3.9 stars).

Reviews by job title

154 reviews
1.0
22 Dec 2022
Recommend
CEO approval
Business outlook

Pros

Well, the health benefits are pretty good. If you can hang around long enough.

Cons

Beware of getting enticed to join here. They're rebooted this startup at least three times. They can't seem to find the formula for a working Fintech company that can actually make, you know, money. Everybody I worked with there was VP level or above. No line managers or individual contributors (except me, ofc). VERY strange management style. I turned down a firm offer from another company because Nymbus threw a huge bump in pay at me along with the aforementioned health benefits. Of course I accepted the offer. Biggest mistake I ever made. I got canned along with 20% of the company three months after I started. I consider this deceptive recruiting, almost scammy. The severance was pretty much an insult. They didn't even let me keep the damn laptop! Absolutely not recommended. Run far away from this place.

1.0
22 Aug 2023
Recommend
CEO approval
Business outlook

Pros

Benefits, competitive pay, and remote work

Cons

While Nymbus presents themselves as "best in class" or "innovative" that is absolutely not the case. They seem to think they can market their way out of any situation, when in reality the company is just poorly run by people that do not understand the business. Unless you are part of "the 'in' crowd" (you can tell who those are based on social media content), or you align with the CEO's politics (which he crams into every aspect of the business), you are treated like trash. The product is neither innovative nor secure. They constantly fail to deliver on commitments to clients (a simple Google search will be quite eye opening)... leading to every client being disgruntled and unhappy. The general lack of accountability for the parties responsible for the companies shortcomings is blatant... instead of holding the responsible parties to account, they laid of 30% of the company (many of which worked around the clock to dig them out of a disastrous situation). If you're considering an opportunity at Nymbus... Don't!

avatar
NYMBUS Response
2y
Dear Former Employee, Feedback is a valuable tool, and while we appreciate you taking the time to share your thoughts, the sentiments expressed reflect neither what we are proud to provide in our Nymbus offerings nor what we strive to cultivate in our Nymbus culture. At Nymbus, our wide-ranging, innovative solutions meet the needs of our clients, allowing them to provide services and efficiencies to enhance the customer experience. We are grateful for the partnerships we have developed with many brands, banks, fintechs, and credit unions, and we hold ourselves to the highest level of accountability as we deliver on - and expand - our commitments. At the forefront of our delivery is our talent, and we - especially our senior leadership team - pride ourselves on our culture of respect, fairness, and collaboration. We have invested in not only our Human Resources department, but also additional platforms such as our annual engagement survey, to ensure all team members have numerous opportunities to speak up, share their feedback, and report any questions or concerns. We often encourage employees to use such outlets to relay their thoughts directly, so that we may have an opportunity to enact change and improvement, should it be warranted. Again, your feedback is heard, and while we do not agree with the opinions expressed, we at Nymbus do value dialogue so as to transform thoughts and ideas into constructive, positive action and solutions. Should you wish to further discuss this matter, please contact the Nymbus People Team at HRAdmin@nymbus.com.
2.0
9 Oct 2023

Definition of incompetence and cronyism

Recommend
CEO approval
Business outlook

Pros

Great base pay Great benefits with paid for healthcare and dental Unlimited PTO was also good and I was able to take time off without questions asked. Some of the people I work with are awesome and very smart Very hands off approach that let you do whatever you want need to do

Cons

Cronyism is rampant. You can do a quick linkedin search to see that the entirety of senior and executive leadership and even directors are all from the same one or two companies for multiple years. Unless you're part of this boy's club, your opinion will not matter and you will be the first on the chopping block as the company continues to spiral downhill. I've seen managers disagree with their own engineers and do a complete 180 when their favorite person happens to side with the engineer. The favoritism displayed would make you wonder what kind of blackmail they have on each other. Earlier last year they've laid off roughly 30% of their full time staff and a month later they laid off another 30% of their contractor staff. This is not to mention after claiming the company was doing well financially and after a multi-dozen person effort to fix leadership's failure of a bank launch for a major investor. To thank the people that stayed up countless nights, they were laid off a few short weeks later. This year, they've decided to silently lay individuals off instead of a company wide announcement due to the lack of sales and increasing difficulty for this company to turn a profit. If you're worried about job security and stability I would stay away from this place. While the pay was nice, you'll be treated no better than a temp worker and have your position eliminated when the work is done. Leadership will constantly lie to you at every turn and put you out of a job just to pay their buddies their bonuses. Management and leadership will take all credit and it's the same few people who get the recognition despite not being able to do any of the work themselves. For example, the lead for the development of the banking software has never professionally coded before and managed to get hired. This example perpetuates to most of the other departments. It's completely illogical to have people lead the technology departments while not even be able to explain what's happening on a day to day. There's 0 accountability. The negatives on every review here and so so so true and can not be overlooked.

avatar
NYMBUS Response
2y
Dear Former Employee, Thank you for taking the time to express some concerns during your time at Nymbus. First off, I'm glad to hear you felt the compensation, benefits and PTO were great during your employment. With regards to the claim of cronyism, we pride ourselves on our robust Referral Program that incentivizes people to refer other folks they've had positive relationships with. We firmly believe great people know other great people which is why we get a lot of our great hires from our Referral Program. With that being said, as a start-up that was in growth mode, a lot of our Leaders were tasked with growing their teams and referred in folks they worked with from other previous businesses. Although you may feel they get preferential treatment, that is not the case at all and we strive to take performance based factors as well as taking creative ideas into play when promoting from within irregardless of previous employment. I am sorry you felt Nymbus quietly had layoffs this year and were not transparent during the process, however, our involuntary attrition this year has been hovering around 6% and are currently looking to backfill most roles of individuals that leave us for other opportunities. I truly hope your next opportunity is a positive one and good luck with everything in the future. Thank you and good luck!
Viewing 1 - 3 of 154 Reviews

Glassdoor has 166 NYMBUS reviews submitted anonymously by NYMBUS employees. Read employee reviews and ratings on Glassdoor to decide if NYMBUS is right for you.