Remember when working from home was this radical, once-in-a-lifetime shift? Yeah, well, that didn’t last. Here’s the thing—London’s big financial players are dragging people back to offices kicking and screaming. But is it about productivity, or just old-school bosses missing their power trips? Let’s break it down.
When COVID hit, companies panicked. Offices emptied overnight, and suddenly your bedroom became your boardroom. People loved it—no more soul-crushing commutes, cheaper living outside London, and actual lunch breaks. Companies? They saved a fortune on rent and electricity. For a hot minute, it looked like offices were done for good.
Fast forward to today, and banks are practically herding employees back to their cubicles. Why? Officially, they’ll tell you it’s about “collaboration” and “company culture.” But let’s be real—when was the last time a banker cared about culture? The truth is messier. Junior staff aren’t learning the ropes properly over Slack. Managers can’t micromanage what they can’t see. And those fancy office buildings? Total ghost towns. Embarrassing, really.
Here’s something wild—office space demand in the City jumped 30% last year. Big banks are signing 10-year leases like it’s 2015 again. Remember all those “offices are dead” headlines? Yeah, premature obituary. Turns out commercial landlords still have friends in high places.
This isn’t just about bosses being stubborn. There’s money involved—shocker. The Treasury’s offering tax breaks to companies that fill up those empty buildings. Why? Because dead city centers mean no more £7 coffees and £15 salads. And we can’t have that, can we?
Scroll through Reddit or Blind, and you’ll see the real story. One viral post put it perfectly: “My CEO talks about ‘synergy’ but really just wants to see who leaves at 5:01.” The top conspiracy theories:
Surveys show most employees want hybrid or full remote. And they’re not just complaining—they’re jumping ship. Tech companies offering remote work are drowning in finance refugees. Saw one tweet that sums it up: “I’ll take a 10% pay cut to never wear pants again.” Mood.
Some firms are trying to compromise with this 3-days-in nonsense. How’s that working out? About as well as you’d expect. One project manager put it perfectly: “Now I waste 3 days in pointless meetings and 2 days cleaning up the mess from those meetings.” Revolutionary.
Here’s my take—finance will always be backwards. But for everyone else? Remote work isn’t dying, it’s just growing up. Startups and tech companies are building fully remote teams. Even some law firms are catching on. The genie’s out of the bottle, and no amount of free office snacks will put it back.
At the end of the day, this whole debate comes down to trust. Either you believe adults can manage their own time, or you don’t. And judging by London’s skyscrapers filling back up? Well, let’s just say some people really miss playing boss. But good luck putting the toothpaste back in the tube.
Source: Financial Times – Work & Careers
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