Revolut has informed employees that it will continue to
allow hybrid working. The decision comes as other companies push for staff to
return to offices. The announcement coincides with Revolut’s official launch in
Ukraine, expanding its presence in the country after a beta testing phase.
New London Headquarters
CEO Nikolay Storonsky communicated the hybrid work policy in
an internal message. “We care more about what you do than where you do it,” he
wrote in a memo seen by Euronews. He added that hybrid work would remain as
long as it supported productivity.
The announcement comes as Revolut prepares to open a new
headquarters in Canary Wharf, London. The office, located in the YY London
building, will cover four floors. The company has signed a 10-year lease and
plans to move in May.
Storonsky stated that the new headquarters and other offices
would remain important for those who choose to use them. Mockups of the space
included an auditorium, desks, and a canteen.
Breaking: Revolut CEO Nik Storonsky has told staff they can continue with hybrid working.“So long as hybrid working keeps us productive, we will not be making changes to it,” Storonsky said in an internal memo Bloomberg has seen: pic.twitter.com/jZNFXUc2g1
— Aisha S Gani (@aishagani) February 20, 2025
While hybrid work continues in core markets, the company
will encourage more office attendance in non-core locations. Storonsky said
this would support growth in smaller teams. Revolut has over 10,000 employees and operates physical
offices in 23 countries. Employees can work entirely from home or abroad for up
to 120 days a year.
Broader Industry Trends
Revolut’s flexible work policy contrasts with moves by major
firms to bring staff back to offices. JPMorgan Chase ended hybrid setups in
January. Barclays later required employees to work from the office at least
three days a week. Outside the banking sector, Amazon reinstated a full-time
office requirement. CEO Andy Jassy stated that in-office work provided
significant advantages.
Revolut Expands in Ukraine
Revolut has officially launched in Ukraine, offering local
users access to European Revolut accounts. The company introduced a Clear Sky
debit card in Ukraine’s national colors. Ukrainians can access services such as instant transfers.
Revolut has supported Ukrainian refugees since Russia’s invasion, waiving
residency requirements for displaced users.
⚡️ London-based digital bank Revolut officially launches in Ukraine. Revolut officially launched its services in Ukraine after a beta testing phase, introducing a special Clear Sky debit card in Ukraine’s national blue and yellow colors.https://t.co/nT7at5xEBj
— The Kyiv Independent (@KyivIndependent) February 11, 2025
Revolut said more than 700,000 Ukrainians in the UK and
Europe already use its services. Since 2022, users have sent over €1 billion to
Ukraine, primarily from Germany, the UK, Ireland, Poland, and the
Netherlands.
Ukrainian customers can request virtual and physical debit
cards, including the Clear Sky VISA card, free of charge. Users in the UK and
Europe can unlock the card by donating at least €5. Donations will go to the UN
Refugee Agency. Revolut stated it has raised over £10 million for the Red
Cross Ukraine since the invasion began. The company donated £1.5 million
itself.
Revolut was co-founded by Ukrainian Vlad Yatsenko and
Russian-born Nikolay Storonsky. Storonsky renounced his Russian citizenship due
to the war. The firm has suspended operations in Russia and Belarus.
This article was written by Tareq Sikder at www.financemagnates.com.
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