Revolut Reduces Hybrid Work for Graduates and Interns Amid Growth and Regulatory Scrutiny
Revolut is scaling back its hybrid work policy for graduates and interns, requiring three office days weekly. This move aligns with broader industry trends and Revolut's growth into a major bank, facing increased regulatory pressure and aiming for a $200 billion valuation by 2028.
Revolut is reducing its hybrid working policy for graduates and interns, now requiring them to be in the office three days a week. Rules for other staff remain unchanged. This shift comes as many companies cut back on hybrid models, despite Revolut previously promoting remote work as a key employee benefit, with CEO Nik Storonsky stating he prioritized work output over location.
The change reflects Revolut's evolution from a startup to a major financial institution. With over 13,000 staff and an aim for a $200 billion valuation by a potential 2028 IPO, Revolut now compares to large global banks, many of which have stricter office attendance policies. Increased regulatory scrutiny also plays a role, as having staff in the office can simplify compliance and oversight.