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0.000353481795687452 -0.00141392718275018 0.00106044538706248 0.00530222693531278 0.00742311770943787 0.00282785436550012 0.00247437256981266 0.00247437256981266
Stock impact report

Who still needs the office? U.S. companies start cutting space [Reuters]

Halliburton Company (HAL) 
Last halliburton company earnings: 4/20 06:45 am Check Earnings Report
US:NYSE Investor Relations: ir.halliburton.com
Company Research Source: Reuters
Who still needs the office? U.S. companies start cutting space NEW YORK, July 22 (Reuters) - Corporate America is downsizing its real estate footprint as companies allow more employees to work from home, a growing threat to the bottom line of owners of traditional office buildings and a sign that companies are looking for ways to cut costs as a result of the coronavirus pandemic. A Reuters analysis of quarterly earnings calls over the past week revealed more than 25 large companies plan to reduce their office space in the year ahead, a move designed to reduce the second-largest expense after payrolls at corporations. Energy company Halliburton Co said it intends to close more than 100 facilities. Financial services company State Street Corp said it is going to nearly double the workers assigned to one office before adding additional space, based on the assumption that a significant portion of its workforce will continue to work from home even after a vaccine for COVID-19 emerges. Bedd Show less Read more
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