State Street, one of the world's largest asset managers, is shutting down its two midtown Manhattan offices as the Wall Street firm embraces a hybrid working model.
The move by State Street , the company behind the "Fearless Girl" statue outside the New York Stock Exchange, underscores the pressure facing the commercial real estate market as the pandemic changes the way people work. State Street, which manages about $3.5 trillion, is closing both of its offices located near Rockefeller Center. The move will impact approximately 500 employees who previously worked there, a person familiar with the matter told CNN.
"To accommodate our hybrid workforce, we have taken a diligent look at our real estate footprint in NYC and ensuring that our realty needs are in line with where our employees will be working," State Street said in a statement.The shutdown, first reported by the Wall Street Journal, was announced internally to State Street employees in May.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
WSJ News Exclusive | State Street, Firm Behind Wall Street’s ‘Fearless Girl’ Statue, Is Vacating New York City OfficesThe financial giant told staffers they wouldn’t be returning to its Midtown Manhattan offices, as firms across business lines question whether New York’s costs, taxes and uncertain recovery from the pandemic make it worthwhile to maintain their offices there.
Weiterlesen »
Love Island's Molly-Mae 'turned down £2m offer to wear high street clothes'Reality star Molly-Mae Hague is well known for promoting brands online and through lucrative contract deals – but she has hinted she won't just say yes to everyone as she denied one high street brand the chance to work with her
Weiterlesen »
Tour Bus Crashes On New York State Thruway, Injuring 57It’s unclear why the bus veered off the road, troopers said.
Weiterlesen »
All US Embassy personnel have evacuated, the State Department saidThe Taliban have taken control of the presidential palace in Kabul after the country's president Ashraf Ghani fled the country. Follow here for the latest news.
Weiterlesen »
Find Out If Your State is Requiring Masks in School with this Guide to Mask MandatesFind out if your state is requiring masks in school this fall with this state-by -state guide to mask mandates.
Weiterlesen »
Chinese state media mocks U.S. over Afghanistan: 'More smooth than presidential transition'The U.S. evacuated embassy personnel in Kabul by helicopter on Sunday as Taliban fighters advanced on Afghanistan's capital.
Weiterlesen »