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.

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.

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.

Source: Finance Magnates