Mizuho to Shrink New York, London Offices on WFH Success
- Employees may not need to come to office every day in future
- Bank disputes idea that working from home hurts productivity
Mizuho has postponed plans to return workers to buildings in New York’s midtown Manhattan district and the City of London, amid lingering concerns over Covid-19.
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Mizuho Financial Group Inc. plans to trim office space in New York and London in anticipation that some staff will keep working from home even when the coronavirus pandemic is over.
Employees in those financial centers won’t all need to come to the office every day in future, according to Hiroshi Nagamine, a senior executive at Japan’s third-largest bank. “We will reduce the space,” he said in an interview, adding that specific plans are yet to be ironed out.