Banking giant HSBC is scrapping its executive offices in East London and instead its top managers, including CEO Noel Quinn, will be hot desking on a floor two stories below the firm's former executive office suite, according to The Financial Times.
The move is the latest in a string of bold office shifts by top global companies who are rethinking their occupancy strategies post-COVID.
"Our offices were empty half the time because we were travelling around the world. That was a waste of real estate," Quinn told the Financial Times in an interview this week.
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