John Lewis is planning to cut more than 50 percent of its central London headquarters as employees have embraced remote working.<\/p>\n\n\n\n
The British retail giant has reportedly hired property experts Tuckerman to help it find new offices in the city.<\/p>\n\n\n\n
Sources say the partnership <\/strong><\/a>is looking for space less than half the size of its current 220,000 sq ft headquarters in London Victoria.<\/p>\n\n\n\n The downsizing move is not driven by cost savings, but rather by the reduced need for office space as staff continue to work from home.<\/p>\n\n\n\n Read More:Ex-boss says changing John Lewis staff ownership model would be \u201ctragedy\u201d<\/a><\/strong><\/p>\n\n\n\n According to reports, the company is currently only using half of its existing office space<\/strong><\/a>, with some floors being closed off entirely.<\/p>\n\n\n\n The decision to downsize is a reflection of the shift towards flexible working practices, which have become increasingly popular since the outbreak of the COVID-19 pandemic.<\/p>\n\n\n\n Read More: Struggling John Lewis looking for new investment which could mean end of staff ownership<\/strong><\/a><\/p>\n\n\n\n In a statement, John Lewis Partnership<\/strong><\/a> said: \u201cWe announced last year that we\u2019re moving to a new London office that better suits our needs when our current lease ends next year. Like many businesses, we don\u2019t need as much space now we have a blended approach to working in offices, home and out in the business. As our requirements for office space reduce, we also expect to reduce our occupancy costs.\u201d<\/p>\n\n\n\n Need Career Advice? <\/strong>Get employment skills <\/strong><\/a>advice <\/a><\/strong>at all levels of your career<\/strong><\/a><\/p>\n\n\n\n The move is part of a wider trend towards flexible working practices, which have become increasingly popular in recent years.<\/p>\n\n\n\n In addition to reducing overheads and increasing productivity, remote working<\/strong><\/a> can also improve work-life balance and reduce the environmental impact of commuting.<\/p>\n\n\n\n <\/p>\n\n\n\n Follow us on <\/strong>YouTube<\/strong><\/a>,<\/strong>Twitter<\/strong><\/a>,<\/strong>LinkedIn<\/strong><\/a>, and <\/strong>Facebook<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Sources say the partnership is looking for space less than half the size of its current 220,000 sq ft headquarters in London Victoria.<\/p>\n","protected":false},"author":5,"featured_media":42071,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[414,415],"tags":[411,188],"class_list":["post-42069","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uk-business-news","category-uk-employment-news","tag-headquarters","tag-john-lewis"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/posts\/42069","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/comments?post=42069"}],"version-history":[{"count":0,"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/posts\/42069\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/media\/42071"}],"wp:attachment":[{"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/media?parent=42069"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/categories?post=42069"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/tags?post=42069"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}