Revolut Confirms Firing 62 Employees in the Wake of Coronavirus

Revolut fired a number of employees since the coronavirus outbreak began, according to a story from Wired.

The European fintech company responded with a statement on the numbers and rationale.

"As in many companies, COVID-19 necessitated cost cutting across our business and, in the last resort, we made 62 redundancies globally, representing less than 3% of our staff," a Revolut spokesperson told Cointelegraph on June 5.Revolut allegedly asked staff to quit.

Claiming COVID-19 had taken a toll on its outfit, Revolut allegedly pushed out a number of employees, the deep dive story from Wired detailed.

One former staffer said the tech company relieved her of employment, saying she could either agree to her firing based on poor performance, or sign terms saying she departed on her own and receive a slight payout, according to her comments to Wired.

The company's latest rationale does not include many details.

"Revolut strives to create a positive culture with a workforce that is motivated to achieve the best they can for our customers," the Revolut spokesperson said.

A $5.5 billion company, Revolut recently completed a $5 million capital raise earlier in 2020.

Revolut's stated 62 layoffs reportedly do not include over 50 other firings stated in the Wired article.

Just several weeks ago, Revolut announced it was quickening its pace on crypto asset service launches.