HSBC’s CEO is swapping his office for a hot desk

London (CNN Business)HSBC is scrapping the executive floor at its Canary Wharf headquarters in London, as one of the world’s biggest banks slashes office space and moves towards new ways of working following the pandemic.

The bank’s top executives, including CEO Noel Quinn, will no longer work from private offices with sweeping views of the city on the building’s 42nd floor, but will hot desk in open-plan areas two floors below. The offices have been turned into client meeting rooms and collaborative areas, according to the Financial Times.
HSBC (HBCYF) confirmed the contents of the FT report to CNN Business on Monday.
“Our offices were empty half the time because we were traveling around the world. That was a waste of real estate,” Quinn told the newspaper, adding that he won’t be in the office five days a week. “It’s the new reality of life.”
Earlier this year, Quinn said that HSBC plans to cut its global real estate footprint by 40% “over the next several years” and adopt a more hybrid model of working, with employees splitting their time between the office and home. To achieve this, the bank is not expected to renew many of its city-center leases due in the next few years.
Other UK banks, including Lloyds (LLDTF) and Standard Chartered (SCBFF), have also announced plans to dump expensive office space and offer flexible working arrangements to employees.
The approach is also gaining traction at major companies globally, such as Google (GOOG) and Microsoft (MSFT), after the pandemic forced a massive remote-work experiment that has meant many firms no longer see the need to have staff working from the office every day.
HSBC is also in the throes of a major overhaul that will slash 35,000 jobs and shift the bank’s focus to fast-growing markets in Asia, where it derives the majority of its profit.
It said last week that it will move four of its most senior executives to Hong Kong later this year but keep its headquarters in London.

Recent Posts

Sign up for our Newsletter

;

Choose your Currency & Plan

Verification / OTA Services

Verify YOUR identity on any WEB SITE - receive SMS to your email address!

Select Your Currency & Plan

  • £ GBP
  • € EUR
  • $ USD

Bronze

Starter
£ 1
00
month-to-month
  • Plan Per Number
  • 30 Inbound SMS
  • SMS to Email Address

Silver

Scale Up
£4
£ 2
50
month-to-month
  • Plan Per Number
  • 100 Inbound SMS
  • SMS to Email Address

Gold

Full Blast
£ 5
00
month-to-month
  • Plan Per Number
  • 250 Inbound SMS
  • SMS to Email Address

Bronze

Starter
1
20
month-to-month
  • Plan Per Number
  • 30 Inbound SMS
  • SMS to Email Address

Silver

Scale Up
5
3
00
month-to-month
  • Plan Per Number
  • 100 Inbound SMS
  • SMS to Email Address

Gold

Full Blast
6
00
month-to-month
  • Plan Per Number
  • 250 Inbound SMS
  • SMS to Email Address

Bronze

Starter
$ 1
40
month-to-month
  • Plan Per Number
  • 30 Inbound SMS
  • SMS to Email Address

Silver

Scale Up
$5
$ 3
50
month-to-month
  • Plan Per Number
  • 100 Inbound SMS
  • SMS to Email Address

Gold

Full Blast
$ 7
00
month-to-month
  • Plan Per Number
  • 250 Inbound SMS
  • SMS to Email Address

Add a Phone Number from your desired Country/City in Next Step

Compare Plans & View Phone Number Pricing:

Choose your Currency & Plan

Call Forwarding

Forward Calls & Messages direct
to your Mobile Phone

Select Your Currency & Plan

  • £ GBP
  • € EUR
  • $ USD

Bronze

Starter
£ 3
00
month-to-month
  • Call Forwarding to any Device
  • Unlimited inbound/forwarded calls
  • Choose a number from 10,000+ cities

Silver

Scale Up
£7
£ 4
00
month-to-month
  • Everything in Bronze
  • Voicemail to Email
  • Profile Identity notifications

Gold

Full Blast
£ 6
00
month-to-month
  • Everything in Silver
  • Full Phone system features
  • Greetings, Busy Message, Hold music

Bronze

Starter
3
60
month-to-month
  • Call Forwarding to any Device
  • Unlimited inbound/forwarded calls
  • Choose a number from 10,000+ cities

Silver

Scale Up
7
4
80
month-to-month
  • Everything in Bronze
  • Voicemail to Email
  • Profile Identity notifications

Gold

Full Blast
7
20
month-to-month
  • Everything in Silver
  • Full Phone system features
  • Greetings, Busy Message, Hold music

Bronze

Starter
$ 4
20
month-to-month
  • Call Forwarding to any Device
  • Unlimited inbound/forwarded calls
  • Choose a number from 10,000+ cities

Silver

Scale Up
$8
$ 5
60
month-to-month
  • Everything in Bronze
  • Voicemail to Email
  • Profile Identity notifications

Gold

Full Blast
$ 8
40
month-to-month
  • Everything in Silver
  • Full Phone system features
  • Greetings, Busy Message, Hold music

Add a Phone Number from your desired Country/City in Next Step

Compare Plans & View Phone Number Pricing:

Choose your Currency & Plan

Ultimate SuperPhone

Supercharged communications on your Smartphone

Select Your Currency & Plan

  • £ GBP
  • € EUR
  • $ USD

Bronze

Starter
£ 4
00
month-to-month
  • Unlimited (inclusive*) Calls
  • Inbound/Outbound Calls
  • Choose a number from 10,000+ cities

Silver

Scale Up
£7
£ 5
50
month-to-month
  • Everything in Bronze
  • Voicemail to Email
  • Profile Identity notifications

Gold

Full Blast
£ 7
50
month-to-month
  • Everything in Silver
  • Full Phone system features
  • Greetings, Busy Message, Hold music

Bronze

Starter
4
80
month-to-month
  • Unlimited (inclusive*) Calls
  • Inbound/Outbound Calls
  • Choose a number from 10,000+ cities

Silver

Scale Up
9
6
60
month-to-month
  • Everything in Bronze
  • Voicemail to Email
  • Profile Identity notifications

Gold

Full Blast
9
00
month-to-month
  • Everything in Silver
  • Full Phone system features
  • Greetings, Busy Message, Hold music

Bronze

Starter
$ 5
60
month-to-month
  • Unlimited (inclusive*) Calls
  • Inbound/Outbound Calls
  • Choose a number from 10,000+ cities

Silver

Scale Up
$9
$ 7
70
month-to-month
  • Everything in Bronze
  • Voicemail to Email
  • Profile Identity notifications

Gold

Full Blast
$ 10
50
month-to-month
  • Everything in Silver
  • Full Phone system features
  • Greetings, Busy Message, Hold music

Add a Phone Number from your desired Country/City in Next Step

Compare Plans & View Phone Number Pricing:

Choose your Currency & Plan

ConXhub Business Suite

Connect, Collaborate, Communicate via your Smartphone

Select Your Currency & Plan

  • £ GBP
  • € EUR
  • $ USD

Bronze

Starter
£ 7
50
month-to-month
  • Unlimited (inclusive*) Calls
  • Inbound/Outbound Calls
  • Inclusive IM / SMS

Silver

Scale Up
£15
£ 10
00
month-to-month
  • Everything in Bronze
  • Voicemail2Email, Call Greetings
  • Profile Identity notifications

Gold

Full Blast
£ 12 month-to-month
  • Everything in Silver
  • Full Phone system features
  • activeQ, Widget, Recording, Reports

Bronze

Starter
9
00
month-to-month
  • Unlimited (inclusive*) Calls
  • Inbound/Outbound Calls
  • Inclusive IM / SMS

Silver

Scale Up
18
12
00
month-to-month
  • Everything in Bronze
  • Voicemail2Email, Call Greetings
  • Profile Identity notifications
Popular

Gold

Full Blast
14
40
month-to-month
  • Everything in Silver
  • Full Phone system features
  • activeQ, Widget, Recording, Reports

Bronze

Starter
$ 10
50
month-to-month
  • Unlimited (inclusive*) Calls
  • Inbound/Outbound Calls
  • Inclusive IM / SMS

Silver

Scale Up
$18
$ 14 month-to-month
  • Everything in Bronze
  • Voicemail2Email, Call Greetings
  • Profile Identity notifications

Gold

Full Blast
$ 16
80
month-to-month
  • Everything in Silver
  • Full Phone system features
  • activeQ, Widget, Recording, Reports

Add a Phone Number from your desired Country/City in Next Step

Compare Plans & View Phone Number Pricing:

Choose your Currency & Plan

Messaging Services

SMS using Alternate Phone Numbers

Select Your Currency & Plan

Under construction - Check back soon

Add a Phone Number from your desired Country/City in Next Step

View Phone Number Pricing:

Choose your Product & Plan

Choose your Product & Plan