Paysafe

How it happened

Paysafe is a payments-processing and digital-wallet company (Skrill, Neteller) that returned to the public markets in March 2021 through a $9B SPAC merger with Bill Foley's Foley Trasimene Acquisition Corp II — one of the largest de-SPAC deals of the boom. Saddled with debt and exposed to volatile end-markets like iGaming, it badly missed projections; the stock collapsed, forcing a 1-for-12 reverse split in 2022, and by 2026 it was worth around $450M — 95% below its debut. Employee reviews from the long aftermath echo that austerity: staff in Sofia, London and Jacksonville reported bonuses going unpaid a third straight year even as recruiters still pitched them, salaries slipping below market, and reorganizations arriving in waves.

Employee accounts paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗. See our methodology.