HSBC chief executive Noel Quinn has abolished the entire executive floor of its Canary Wharf skyscraper in east London, as the bank becomes the latest to drive through sweeping changes to post-pandemic working practices.
Top managers have been booted out of their 42nd-floor private offices, which have been turned into client meeting rooms and collaborative spaces, Quinn told the Financial Times. Executives — the CEO included — now hot desk on an open-plan floor two storeys below.
“Our offices were empty half the time because we were travelling around the world. That was a waste of real estate,” he said. “If I’m asking our colleagues to change the way that they’re working, then it’s only right that we change the way we’re working.
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