Revolut staff claim they’ve been told to quit their jobs or be fired | WIRED UK
Current and former Revolut employees say staff were coerced into accepting terminations, even though the company had no legal grounds to fire them.
The company says these plans included a reduction in outsourcing costs and an entirely voluntary salary sacrifice scheme, where any employee could exchange part of their wages for twice their value in Revolut share options.
Elena was asked to pick between two documents: one said she was being terminated for underperformance, the other, a mutual agreement, offered her a small severance and stated she was choosing to leave the company of her own accord.
According to a company presentation from May 11, over 60 per cent of staff opted into the scheme, which Revolut says will deliver around $900,000 in savings each month over the next 12 months.
Some departments, like the compliance department's know your customer team even had their KPIs increased, a former employee claims.
In a message sent to the 495-strong customer support team on Slack shortly after the salary sacrifice scheme was announced, head of support Inna Grynova urged them to participate.Read more
> Revolut staff claim they’ve been told to quit their jobs or be fired | WIRED UK