A recent article by Reuters,
posted on The Economic Times speaks about how Revolut says it has 10,000
employees globally, up from "just over 8,000" at the start of the
year. It plans to increase its workforce further to 11,500 by the end of 2024,
a 40% boost overall.
The majority of new jobs will be in sales, customer
support and anti-financial crime teams.
WHY IT MATTERS
Revolut, which operates a financial services app,
was once ranked the UK's most valuable start-up with an approximate $33 billion
valuation in 2021.
The company applied for a UK banking licence more
than two years ago but is still awaiting approval.The financial technology industry has slumped as
funding from increasingly risk-averse investors has dried up globally.Various technology firms, banks and fintechs have
announced job cuts in recent years,
KEY QUOTES
Francesca Carlesi, CEO of Revolut UK: "We are
delighted to be expanding across our global markets, including the UK, with
hundreds of new roles across a range of specialities, all at a time when others
are cutting back.Revolut has previously changed the number of
employees it says it has.In its delayed 2022 accounts, the company revised
down its 2021 employee numbers to 2,365 from 4,655. The company said the
numbers were restated to more accurately reflect employment changes throughout
the year.
In September 2019, Revolut CEO Nikolay Storonsky
told Reuters the company had 1,500 people and planned to be around 5,000 by the
summer 2020. (Reporting by Elizabeth Howcroft; Editing by Sinead Cruise and Jan
Harvey)
Read more at:
https://hr.economictimes.indiatimes.com/news/workplace-4-0/recruitment/fintech-firm-revolut-plans-to-hire-1500-staff-by-end-of-year/109569180?utm_source=category_listing&utm_medium=sectionListing