HSBC Mandates Senior Executives To Work In Office Four Days Weekly Starting October
The directive, confirmed by a bank spokesperson and detailed in an internal memo seen by Bloomberg, urges senior managers 'to set the tone from the top' and emphasises that 'in-person interactions are essential to how we lead and deliver for our customers.'
The policy defines in-office work broadly, covering work at HSBC premises, customer visits, stakeholder meetings and industry conferences.
The shift comes amid a wider industry push to reverse pandemic-era remote work arrangements. JPMorgan Chase & Co earlier this year instructed all staff to return to full-time office work.
HSBC is preparing to move into a new London headquarters next year, but the return-to-office push has exposed a projected shortage of about 7,700 desks, Bloomberg reported previously.
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