Apr 19, 2021
HSBC executives to hot-desk as private offices go
Banking giant HSBC has confirmed that top managers in its Canary Wharf HQ have lost their offices and will have to hot-desk on an open-plan floor. The move comes as HSBC pursues plans to shrink its office space by 40% in a post-pandemic shake-up. Chief executive Noel Quinn told the Financial Times it was "The new reality of life" and that he would no longer be in the office five days a week. Up to now, senior managers have been based on the 42nd floor of the building in east London in their own private offices. Mr Quinn told the FT that the old arrangement had been "a waste of real estate", adding: "Our offices were empty half the time because we were travelling around the world."
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