Revolut Plans to Hire Fewer People as AI Takes Over More Jobs
Revolut's billionaire founder says the digital banking company wants to slow down hiring now that artificial intelligence (AI, computer systems that can learn and make decisions) is doing more of the work.
Nik Storonsky, the chief executive of Revolut, shared this on the Cheeky Pint podcast. He said the company started using AI about two years ago to help with customer support. Now, he says, AI touches almost every part of the business.
What this means for you
If you use Revolut, you may notice more of your questions get handled by AI instead of a human. If you work in tech or finance, this story is a sign of where many companies are headed. This site exists to explain news like this in plain terms, so you do not need a finance degree or a dictionary to understand what AI is doing to jobs and money.
Storonsky explained that one worker can now do much more than before. "Technically one person can accomplish much more now… you can have one person doing all aspects of the product," he said. He added that Revolut's team sizes have not shrunk yet, but the goal is to automate enough tasks that the company can hire fewer people going forward.
"We're just trying to automate a lot of things… hopefully when automation is done we can start hiring less people," Storonsky said.
Here is a quick breakdown of what Storonsky revealed in the podcast
- AI now handles tasks across nearly every area of Revolut, not just customer service.
- Storonsky wants to build what he calls an "AI employee end to end," meaning AI that can manage a whole task from start to finish.
- Team sizes at Revolut have stayed the same so far, but future hiring may slow down.
- Storonsky also runs a separate AI-powered venture capital firm called Quantum Light. It uses a machine learning system named Aleph to study billions of data points from startups and find fast-growing companies with less human bias.
Storonsky also talked about how Revolut tracks employee performance. He said he has already adjusted many systems based on the strengths and weaknesses of workers. But he believes tools built around performance reviews and management could become pointless.
"Might all be redundant because of AI in two to three years time," he said about these systems.
Revolut has a reputation for a tough work culculture. Some insiders have described it as "radical candour," meaning blunt, direct feedback. In its 2025 annual report, the company introduced a point-based tracking system called "Karma." This system watches how well employees follow risk and compliance rules. Points gained or lost under this system can affect employee bonuses.
Storonsky also shared what bothers him most during product reviews. He said "incompetency" is the fastest way to upset him, especially when a product falls below the quality he expects.
Revolut's value has grown fast. The company is now worth $115 billion after a recent sale of shares. Storonsky also talked about his hopes for the company to go public, meaning selling shares on the stock market for anyone to buy. He said he hopes this could happen by 2028, but only if market conditions are good.
This story shows how fast AI is changing the way companies work, even at a level where the boss himself is rethinking how many people he needs to hire. It is a trend that is likely to keep growing as more businesses look for ways to cut costs and boost output using machines instead of people.
If you want to stay ahead of these changes, keep track of how companies like Revolut use AI in hiring and management. Watching these moves early can help you understand how your own job, money or shopping habits might be affected down the road.
Source: City AM
