News

Finance leaders, scouring balance sheets for costs to cut, are considering reducing the need for office space by permanently shifting a portion of employees to working remotely, according to a survey released Friday.

Allowing employees to work from home, which was once considered a perk for senior employees or hotly sought after hires, is now a lifeline for countless companies hoping to keep operations running amid social-distancing measures aimed at slowing the COVID-19 outbreak.

It's becoming increasingly likely, however, that many workers, who have hastily converted guest rooms and breakfast nooks into home offices, won't return to company headquarters even after the public health crisis is over.