Deutsche Bank, Along with Others, Considering Permanent Office Space Reduction To Allow Work-From-Home

Bloomberg News reported September 25, 2020 that Deutsche Bank AG is considering a hybrid model of allowing staff to split work between office and home, although a Morgan Chase spokesperson warned that staff productivity might slip if they work remotely too long, and a UBS Group spokesperson commented that working from home makes it harder to maintain a corporat culture. “Deutsche will also switch New York offices next year to cut office space there by almost a third.”