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MARKOPOLISon Apr 10, 2023 12:54pm
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CIBC one of SOT largest tenant is work from home permanent
CIBC one of SOT largest tenant is work from home permanent More CIBC Employees To Work Permanently From Home
CIBC mentioned earlier this week how successful work from home employees have been. CEO Victor Dodig told analysts on the earnings call, “some of our team members are going to work remotely more permanently.” He further added, “We’ve had great success with our contact center team working from home. They’re engaged. They’re productive. They’re speaking to our clients and making their experience much better.” It sounds like they’re also pleasantly surprised with how well it’s working out.
CIBC is building on their plan to consolidate their non-retail real estate. In Greater Toronto, the bank is consolidating 23 offices into CIBC Square, upon completion. CFO Hratch Panossian added to the CEO’s remarks, “This isn’t something we’ve done in isolation. It was always part of the plan and we are not taking on more real estate. We are moving into Square, taking on square footage and we were always going to give up square footage.”