HSBC plans to nearly halve office space. Goldman Sachs boss thinks its an aberration.

Another sign of the times. Clearly, the future of the workplace will be a big topic for 2021 and beyond. With massive consequences.

HSBC aims to cut its office footprint by 40% over the long-term, the bank said in an analyst presentation accompanying its full-year results.

“We believe we’ll achieve it via a very different style of working post-COVID with a more hybrid model.”

Goldman Sachs boss David Solomon has rejected remote working as a “new normal” and labelled it an “aberration” instead.

“I do think for a business like ours, which is an innovative, collaborative apprenticeship culture, this is not ideal for us. And it’s not a new normal. It’s an aberration that we’re going to correct as soon as possible,” he told a conference on Wednesday.