HSBC Sees Its Future With 40% Less Office Space After Covid
- Hybrid working will be used to ‘much greater degree’ in future
- About 85% of staff now equipped to work from home, HSBC says
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HSBC Holdings Plc said it expects to eventually shrink its property footprint by 40%, the latest sign of how the pandemic is changing the role of the office.
Europe’s largest bank would reduce its “real estate footprint” over the long term, Group Chief Operating Officer John Hinshaw said in a call Tuesday with analysts after the bank reported fourth-quarter results.