Good culture but buyouts cause company to have frequent layoffs - Sr. Software Engineer HealthEquity Inc. Employee Review

3.0
Nov 5, 2022
Recommend
CEO approval
Business outlook

Pros

I liked the people. I came from a company that was acquired by Health Equity. They did have good technologies.

Cons

Seems like they grew too fast. They were always buying other companies, and so to make up for those expenditures, they had multiple layoffs. At one point, there were two in less than two months. Plus, I never saw any opportunity for growth or upward movement.

avatar
HealthEquity Inc. Response
3y
We appreciate your honest review and are glad to hear that you enjoyed working with our remarkable teammates. We take your experience to heart and will relay this feedback to our leaders. As our business continues to evolve, we strive to take care of each team member in the best way possible, while still looking after our members and partners in continuing our mission to connect health and wealth. We are also developing new opportunities for team members to develop and grow within the company. Thank you for your work and contributions, it did not go unappreciated!

Explore other reviews about HealthEquity Inc.

5.0
Jul 8, 2026
Recommend
CEO approval
Business outlook

Pros

Great Company that makes work life balance a priority

Cons

A little lacking as far as training is concerned and documentation in place

1.0
Apr 23, 2026
Recommend
CEO approval
Business outlook

Pros

Benefits, perks, remote work, unlimited PTO, and stock options.

Cons

Unfortunately, what has happened with most companies that grow too fast has occurred here. Too much focus on sales and marketing, and diminished focus on retaining clients or making sure new technology and processes are properly trained. Because of miscommunication and a lack of training, it's impossible to get help from other departments without a ton of pushback. Management would rather blame employees for problems than examine why processes aren't working properly. They now want all roles to sell product, even though that is not in their job descriptions. I wish HR would be more involved in how management speaks to employees because it's incredibly unethical and problematic every time we have a meeting. Whoever the C-suite is listening to on how to be good leaders should be fired, because they are taking a page out of every toxic workplace stereotype, instead of looking at how things can be ethically and properly fixed. There is no focus on clients or employees anymore, just getting more money.

6
See reviews by: Helpful|Rating|Date|All