OANDA Employee Reviews about "decision making"

Updated Sep 3, 2019

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Found 5 of over 144 reviews

3.1
55%
Recommend to a Friend
60%
Approve of CEO
OANDA CEO Gavin Bambury (no image)
Gavin Bambury
27 Ratings
Pros
  • "fixed working hour, work-life balance(in 8 reviews)

  • "most of the time a fairly relaxed work environment(in 8 reviews)

  • Cons
  • "Status is more important to senior management than the team working for them(in 6 reviews)

  • "Whoever on the board that made that decision, should also be removed from decision making duties(in 5 reviews)

  • More Pros and Cons
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    Reviews about "decision making"

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    1. 1.0
      Former Employee

      Totally wasted a year of my life, pay wasn't worth it

      Sep 3, 2019 - Anonymous Employee 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      It's kind of like working in a big bank or telco. Most regular employees are cool, the company is stable, as long as the lights stay on it's super chill with hardly any pressure to do anything. If you don't care at all about growth opportunities or what you do for most of your day, you have no particular professional goals or principles you just want a job where you kind of sit there from 9-5 collecting some salary until one day you become a middle manager and you get to multiply your kind of sitting there pretending you're doing something important across everyone working under you, then this place will be great for you. But why not try harder to get into an actual big bank or telco, where at least the compensation packages are much better?

      Cons

      It's a ULC in a very conservative industry where the vast majority of traders lose money and some get very upset about it. Just like everywhere else the number one goal for all decision making and organizational policies is to shield management from liability and the consequences of their decisions. So you can safely ignore all the corporate virtue signalling, especially all talk about learning and growth - if given a choice between an 'ambitious thing', a 'right thing', and a 'safe thing' to do, the company will inevitably try to figure out what the 'safe' thing is, as long as 'no thing' isn't on the table anyways. All the things that make money here are well established, they say lots of buzzwords about themselves and how smart and innovative they are but nobody actually has any hunger to try and bring a new product to market or make meaningful improvements to a current offering, it's just failed attempts to revamp old systems and undelivered promises to "do it right this time" for years. Major decisions that actually affect direction or day-to-day work are made behind closed doors and make zero sense, bad projects that block progress for other teams and aren't going anywhere can't be killed or have their scope adjusted because they're just done for political reasons and the people behind them lack the humility to recognize and learn from failure. Things may be mostly alright within the small team you work with every day using whatever tiny bit of autonomy you have, but as soon as you step a little outside your silo things become extremely political and it's very much a "fall in line" and "disagreeing equals disrespecting" kind of environment, causing a lot of "elephant in the room" type problems to get ignored. Management is a club where if you're an insider you don't need to perform and you don't need to know the first thing about forex or tech or, you know, management. People who just wait to take advantage of politics and turnover to obtain titles well above their level of motivation/ability stand on insecure foundations, they need to make everything personal, they need yes-men to boost their status and that's the only way forward in this place. Most reasonably normal people will probably end up dragging themselves into the office, looking at the 'work' they're supposed to do if there even is any, seeing that it can't possibly benefit the clients and can't possibly benefit the company, you're not even a cog in some machine most of the time you just spend the majority your day working so your boss's boss can keep trying to grandstand in front of their boss's boss and get into the club. OANDA's been around a long time and leans heavily on its reputation, but almost everyone who cared enough to make it what it was left or were forced out years ago, smart people don't stick around and the situation now ain't no mere case of growing pains. Especially these days when Toronto is full of ambitious companies able to actually value you and guve you real work, you don't need to ignore the red flags and waste your time in a company like this where they just want help catching a ride on the success built by someone else that they don't understand.

      13 people found this review helpful
    2. 1.0
      Former Employee

      Fake. Out of touch. Delusional and dysfunctional.

      Jul 11, 2019 - Anonymous Employee in Toronto, ON
      Recommend
      CEO Approval
      Business Outlook

      Pros

      OANDA was a pioneer in the internet/FX space a long time ago and its reputation precedes it.

      Cons

      They're doing a fantastic job with the competence inversion thing you expect to see paralyzing much larger companies... Engineering management _demands_ the absence of accountability, is full of people who have a vested interest in nothing changing lest they get confused, and at the top they brought in a new director conspicuously lacking in engineering credentials; the kind of people who bring nothing to the table in terms of actual decision making and shipping actual software so they can't help but make everything political, rewarding people who support their false promises and dreams of bigger bonuses and punishing people who believe their job has actual responsibilities... and for whom wasting enormous amounts of engineering time is a better outcome than having to deal with the optics of admitting a mistake. You will get regularly called into meetings and fed unctuous, buzzword-filled slideshows about how great everything is and how nice everybody's farts smell, to make you think you're weird for seeing the problems everywhere that just get ignored. Everybody knows that the company is well established and won't be going anywhere, especially not after FXCM got banned from the US, the only region where the company is really competitive! So they're surprised when they get hit with resignations from people who want to actually do things with the skills they spent time and money to obtain. Even the latest CEO knew it was time to step out of the line of fire, despite months spent assuring investors he definitely was certainly absolutely not going anywhere! Just walk around engineering during the day and look at what's going on peoples' screens to break the illusion; almost everybody is disengaged, almost every major project fails, people in leadership have no incentive not to ignore feedback that their draft version 0.00001 needs revision, also every timeline is infinite, unless it's from compliance then it needs to be done yesterday, also business looks at the JIRA reports so remember to do lots of little make-work tickets so they can be happier when they see the metrics... This company and its 'leaders' are concerned only with extracting value from their employees and clients, so if you have aspirations for creating or adding value with your life they will have little to offer you.

      16 people found this review helpful
    3. 1.0
      Current Employee

      A good place to settle in and rot away

      May 10, 2019 - Anonymous Employee 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      You get free food/beer and will mostly work in a laid-back environment.

      Cons

      Significant personnel changes have taken place at every level to the very top of the company since its acquisition last year. The exodus of people with a deep understanding of the company's infrastructure, with flatterers swooping into the power void and a total shift in priorities towards politics, FOMO-based decision making and the overriding need to make comically unqualified people look good as they double down on bad ideas have all worked swiftly to suck the remaining blood out of this place

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      11 people found this review helpful
    4. 1.0
      Current Employee, more than 3 years

      Headed for failure

      Dec 1, 2014 - Operations in Toronto, ON
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Free drinks and lunch. That's about it. I am really having a hard time thinking of anything positive to say about this operation.

      Cons

      Management is highly incompetent, poor decision making, even worse leadership. There is a major disconnect between departments. Hard work is not rewarded. Also close to 40% of the company was laid off in 2014.

      Continue reading
      8 people found this review helpful
    5. 1.0
      Former Employee, more than 1 year

      Complete Chaos!

      Apr 25, 2014 - Anonymous Employee 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      The company's industry reputation is the only thing it has going for it though that's disappearing fast.

      Cons

      K. Duker was an incompetent CEO and needs to be terminated now that he lost that role. He failed miserably as the Managing Director of Singapore (turned a profitable division red) and was rewarded with taking Michael Stumms place. Whoever on the board that made that decision, should also be removed from decision making duties. Under K's "leadership", OANDA increased the cost of trading to their clients by implementing variable spreads, alienated their top traders with pointless requests, terminated most of the senior executive talent and purchased a near bankrupt firm named Currensee. These actions drove their revenue line straight into the ground. Now they’re in a panic and asking the work force to double their efforts and goals while slashing budgets. This is a recipe for failure. Good luck cleaning up K's mess Mr. Eger.

      Continue reading
      11 people found this review helpful
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