Abhishek Bakshi

Digital Marketing Expert

Marketing Strategist

Business Consultant

Growth Hacker

Abhishek Bakshi

Digital Marketing Expert

Marketing Strategist

Business Consultant

Growth Hacker

Blog Post

HyFi Corp Reviews – Don’t Invest or Join the Company

December 23, 2019 Blockchain Technology

HyFi Corp: Introduction

HyFi Corp is a publicly traded fintech firm with headquarters in Florida that has created and controls an innovative project finance platform for impact investments that is centered on ESG and green projects.

HyFi’s Corp’s work culture and management

The organization is not fit to work with as they don’t have a proper work culture, and the CEO who is responsible for clearing the salaries does not respond on time. In most cases, the only source of contact with the organization is through Skype/Google meet, telegram messages, and emails when the employee is working from home. However, the CEO doesn’t respond to any of the messages, calls, and emails. This made me unsatisfied with the work and work culture of the organization. Being the marketing head, I was responsible for managing the marketing work, however, the organization was never clear about its marketing goals and in the end, made me responsible for every bad marketing strategy.

The management team of HyFi Corp responsible for handling and managing the team does not bother to coordinate with the team and is not responsive on various occasions. The company has a reputation for having a fast-paced, high-pressure work environment, long working hours, unrealistic expectations, and lack of work-life balance. However, it is still unclear how they claim to be a US-listed company, as they never follow the work ethics of being an international organization. 

HyFi Corps’ hiring and firing processes

The hiring and firing process of the organization is not up to the market standards, as they fire the employees without giving them a proper notice period. This makes the employees stand nowhere with no job in hand. It is clear that HyFi Corp do not have a positive work culture and are not responsive to their employees. This is a red flag for potential investors who should consider investing their money elsewhere. These issues are concerning and should be taken into consideration before joining or investing in this company.

HyFi Exchange

In addition to the company, potential investors should also consider the HyFi Exchange, as it is possible that the exchange may be affected by the same issues as the corporation. HyFi Exchange is a part of HyFi Corp which is responsible for investments. Even if you are a customer and willing to purchase any of their services, I would suggest you re-think this decision. It is always important to do your research and carefully consider all factors before investing your time and money in any organization.

HyFi Exchange: Warning to potential investors and job seekers

From my experience, I would like to suggest people planning to join or invest money in HyFi Corp and HyFi Exchange think twice before investing their money and time in such a kind of organization. It was very unethical for them to ignore calls and messages when I asked for my salary for which I have worked hard for months. It is an alarming call for job seekers as well as investors, always take wise decisions before investing your money and time in any organization. As an investor, it is also important to consider whether a company is treating its employees fairly and responsibly, as this can impact the long-term success of the organization.

HyFi Corp’s Investor Concerns

Having worked as a former employee of HyFi Corp, I would offer caution to potential investors who are considering investing in this company. In my experience, they demonstrated careless team management and displayed lack of responsibility in compensating employees, there were instances where employees were not even paid, myself included. 

Furthermore, termination of employment occurred without prior notification to employees. High employee turnover and attrition rates can be indicators of stunted growth or lack of growth within a company, making investment in such a company could be a risky proposition. 

Therefore, I would advise potential investors to exercise discretion and avoid investing in companies with similar shortcomings in order to protect their valuable resources.

Employee Reviews of HyFi Corp’s Work Environment

During my time working at HyFi Corp, many of my colleagues expressed dissatisfaction with the lack of opportunities for growth and development and issues related to teamwork. It was evident that the company had created a toxic environment for its employees, which was further compounded by lack of clarity regarding the company’s goals and values. 

The absence of clear objectives led to significant confusion among the workforce. One of the main issues was the lack of employee input in decision-making. Often, decisions were made without consulting the employees who would be affected by them, leading to feelings of resentment and frustration. 

HyFi Corp’s Customer Service and Support

If the employees’ performance evaluations are subpar, it raises concerns about how they may treat their customers. Additionally, with the high rate of employee turnover, it seems unlikely that there would be a competent customer support team. 

Moreover, if the company mistreats its employees, it’s possible that they may treat their customers similarly. After all, an organization that does not prioritize the well-being of its own staff cannot be expected to treat its customers well. 

Companies that mistreat their staff often have a negative work culture, which can lead to dissatisfaction, lower productivity, and a lack of engagement.

HyFi Exchange: Security Concerns and Risks

If they are failing to pay even their employees on time, it is unlikely for them to succeed in HyFi Exchange. Additionally, the high rate of employee turnover suggests that the company may struggle to assemble a team to manage HyFi Exchange in the future. 

As such, it is advisable to avoid such a company to safeguard one’s time and resources. Companies that cannot meet their basic obligations to their staff are unlikely to have the necessary resources or management expertise to succeed in other areas. 

The failure to pay employees on time also indicates lack of financial stability, which can make it difficult for them to establish credibility. As a result, it is best to steer clear of such companies to minimize the risk of financial loss or other complications.

Drawbacks of being a HyFi Employee 

One of the biggest challenges that I have faced as a HyFi employee is the issue of non-payment of salary along with lack of communication. Despite working long hours and dedicating myself to my job, there have been times when my salary has been delayed or even withheld entirely. 

This can be extremely frustrating and demotivating, as it can feel like your hard work is not being recognized or valued. Without clear communication channels, it can be difficult to stay on top of projects and meet deadlines, leading to added stress and pressure. 

False promises of HyFi Exchange

If HyFi Corp fails to keep the promises it made to its employees, there is reason to doubt whether it will keep its commitments to customers and investors. 

As said earlier, they didn’t even respond to my emails, messages and calls when I asked them for my salary then how can you expect them to respond to you if you are facing issues with them. If the company is not responsible for paying its employees, it is difficult to trust its promises regarding the safe handling of customer funds.

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