Revolut CEO says hybrid work will remain despite return-to-office push

Revolut has told employees that it will continue to allow hybrid working despite a wider corporate push for staff to return to the office.

“We care more about what you do than where you do it,” CEO Nikolay Storonsky wrote in an internal message to employees, seen by Euronews.

“So long as hybrid work keeps us productive, we will not be making any changes to it,” he added.

New London HQ

The assurance comes as Revolut prepares to open a new headquarters in Canary Wharf in London.

The office, based in the YY London building, will span four floors and increase its office footprint to 113,000 square feet.

Revolut has purchased a 10-year lease and the move is planned for May.

“Our new HQ and many of our other offices will continue to play a crucial role in our growth and for those who wish to attend them,” Nikolay Storonsky said in the internal memo.

Mockups of the new space were included in the message, which appear to showcase an auditorium, desks, and a canteen area.

Storonsky added that in Revolut’s non-core markets, the firm would continue to “encourage more office time”.

He said this would “support growth” in locations where teams are smaller.

Revolut currently has more than 10,000 employees and operates physical offices in 23 countries.

As well as having the option to work entirely from home, staff can also work from abroad for as many as 120 days a year.

Changing work mandates

Revolut’s approach to flexible working separates the neobank from a number of firms that are encouraging a return to the office.

The US’ largest bank, JPMorgan Chase, notably announced in January that it was ending hybrid setups.

An announcement from Barclays came shortly afterwards, which dictated that employees must be in the office three days a week instead of two.

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Looking outside of the banking sector, Amazon also announced last year that staff must be in the office five days a week.

Amazon CEO, Andy Jassy, said at the time: “We’ve decided that we’re going to return to being in the office the way we were before the onset of COVID. When we look back over the last five years, we continue to believe that the advantages of being together in the office are significant.”