Ego-Driven Organization Where Innovation Goes to Die - Anonymous employee RBCx Employee Review

1.0
15 May 2025
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

The majority of the pros are silver linings, at best, unfortunately. Over my 4+ year career at RBCx, I've had the pleasure of working with some really smart and driven people and I strongly believe it's the colleagues you work with on a daily basis that make work what it is. RBCx has been able to acquire some talent through acquisitions and hiring, however, most of the top talent does not last long once they see how unstable RBCx is and how the culture does not reward high performers as much as it rewards those who are well-liked. The other potential pro is that in this current environment, working for a large bank like RBC provides some stability and is a major reason that some people hang on at RBCx. They may not have the freedom and encouragement to accomplish a lot, but at least it's a relatively safe large employer who is doing layoffs, but not as drastically as other large companies in Canada.

Cons

The general saying at RBC is that if you don't like the leadership, just wait a year or two and they'll all get shuffled around anyways. In my tenure I've seen RBCx go from RBC Ventures to RBCx along with a cycle of re-org every 1.5 years. The re-orgs are typically chaotic, disrupt everyone's daily work, and result the same leadership who got RBCx into difficult situations to recycle the same ideas, cut a few people, and do it all over again. The environment at a senior leadership level is not positive, with constant infighting and backstabbing which impacts all the teams below who are mainly trying to do great work. Instability is completely self-inflicted with constant changes to priorities, staffing, and budgets. Yet the senior leadership team expects the same (often lofty) results and berates people when they can't have the same impact with half a team, half a budget, no stable leadership, and all of the weight that comes with a bank on top.

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RBCx Response
1y
Thank you for taking the time to share your feedback about your experience at RBCx. Our approach to change is an opportunity to evolve and set RBCx and teams up for success as we scale. We recognize that organizational change can come with challenges and disruption, and we remain committed to continuous improvement and encourage you to share your perspective and insights with your leader or our People team. We appreciate your feedback as we navigate through our next phase of growth.

Explore other reviews about RBCx

5.0
7 Jan 2026
Recommend
CEO approval
Business outlook

Pros

Variety of projects, lots of creative thinking, work/life balance, great people.

Cons

Because the team is very capable, expectations are high.

3.0
3 Dec 2025
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

As part of RBC it would be considered a stable career with reduced risk.

Cons

Slow to move, too much red tape, lack of innovation, no insight to leadership strategy.

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