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Spotting financialization when looking for work


Recently I've had a few friends that have been discontented by the impacts of the rise of financialization at their workplaces. There's a variety of reasons why a increased focus on finance in companies that are not finance companies is a major issue for employees of that company, this video covers some of the dangers posed by financialization in a broader sense. Given that some of those people are now looking for other jobs as a direct result it is important to be able to spot the signs.

Since they are interviewing right now this blog post will be an evolving work in progress, I need to get something up for their benefit quickly. If you have any suggestions for how to improve this please contact me.

Before the interview

  • Has the company engaged in any financial games to do stock buybacks?
  • Has the company reduced the size or budget of research and development (or cut that department entirely)?
  • What do the reviews of previous workers on sites like Glassdoor say about the company culture, is it customer/product/service/etc first or finances first?
  • What are the backgrounds of the key decision makers in the firm? Are they from financial backgrounds?
  • Does the company take on new debt even when it has cash reserves? (Apple did this relatively recently amidst a huge number of other companies that were issuing new corporate debt)
  • Does the company have any issues with "activist investor" vultures?
  • Do the owners of the company care about the product/service that the company offers?
  • Does the company extensively use tax havens and shell companies for their routine business?
  • Does the company engage in non-productive extortion exercises, for example patent trolling?

In the interview

  • How is success defined in the organization?
  • What non-financial goals does the organization have? Will the organization stick to doing these even if they temporarily don't make money?
  • What are the most important measures/KPIs in the company?
  • How much does the company outsource and what's things are outsourced?
  • What areas, if any, will the company never outsource?
  • What is furthest date out that the company will consider in any sort of plan?
  • Is the company open/honest about their cap table?
Published: Thu 19 November 2020
By Janis Lesinskis
In Misc
Tags: careers interviewing jobs financialization

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