The end of the skyscraper era? Barclays CEO says ‘putting 7,000 people in a building may be thing of the past’ – FF News

Barclays CEO Jes Staley claims that the COVID-19 pandemic may completely change how banks and their staff do enterprise sooner or later.

Banks, which like many corporations worldwide have seen the vast majority of its employees work at home places of work, won’t revert absolutely to its pre-January working habits, Staley mentioned.

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“There will probably be a long-term adjustment in how we take into consideration our location technique…the notion of placing 7,000 individuals in a constructing could also be a factor of the previous,” he informed reporters after the financial institution reported a fall in first-quarter income.

Employees together with funding bankers may work as an alternative from branches in addition to different places, he added.

The CEO knowledgeable Barclays plans to reopen its Hong Kong workplace first. Then it is going to open different Asian places of work in Singapore and Tokyo, with European openings coming later.

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These feedback by the boss of one in all Britain’s greatest banks present how enterprise leaders are considering making probably everlasting alterations to work strategies.

Banks worldwide have in recent times more and more shifted many employees away from costly skyscrapers in monetary hubs, however Barclays and its rivals nonetheless pack hundreds of employees every into single places of work in London’s Canary Wharf monetary district.

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