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Nubank Invests in Latin America and Announces New Hybrid Work Models

  • In addition to remote work, the company is investing in Colombian and Mexican operations
Cristina Junqueira, Nubank co-founder
Cristina Junqueira, Nubank co-founder
By: SiiLA News
04/24/2024

Nubank, one of Brazil's most popular financial institutions, recently announced the implementation of a new hybrid work model, the Nu Way of Working, for its 7,000 employees.

This new work model offers employees 12-week cycles of remote work interspersed with one week of in-person work, meaning once every three months. Previously, they operated under a one-week-in-seven model.

In Brazil, the company occupies three offices, all in São Paulo. The main one is Módulo Rebouças, an A+ class asset of 7,483 m² located on Av. Rebouças. In addition to this, there is the Spark building, with 10,000 m² of private area, and in the Pinheiros neighborhood, the Spark received the company in 2022.

"The space at Spark is the result of Nubank's constant growth and the maturity we have gained as a result of the pandemic. Our proposal is to enhance the personal connection of the teams in an environment that will allow broader events, offering comfort and dynamism to employees," said Cristina Junqueira, company co-founder, at the time.

The third and final asset occupied by the company in Brazil is the Arquiteto Jorge Proushan building, where it occupies 5,216 m².

Market Analytics data indicate that, overall, in Brazil, the company occupies 22,700 m². Would this area suffice to accommodate all company employees simultaneously in person?

Brazilian regulations suggest that an office space should provide approximately 7 m² per employee. With the occupied area being 22,700 m², Nubank could potentially accommodate 3,200 employees. However, according to Nubank's page on LinkedIn, approximately 6,300 employees are listed as being located in Brazil, rendering it unfeasible to host them all in the office for full-time in-person work.

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