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Netflix is reportedly set to triple London workplace area with new HQ

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The Netflix emblem is displayed on a wall on the firm’s Japan workplace in Tokyo.

Kiyoshi Ota | Bloomberg | Getty Images

LONDON – As the coronavirus forces some corporations to reduce on their bodily places of work, Netflix is planning to triple the quantity of workplace area it has in London and transfer into a brand new U.Ok. headquarters, in accordance with a report from Bloomberg, citing sources accustomed to the state of affairs.

The California streaming big is reportedly planning to maneuver to a brand new 87,000-square-foot constructing in London’s West End. The property, located on Berners Street, was occupied by outsourcing agency Capita till lately, however Netflix is claimed to be taking up the lease.

Netflix didn’t instantly reply to CNBC’s request for remark.

Netflix, which has nearly 300 workers in Britain, presently rents about 30,000 sq. foot throughout two close by buildings. It will reportedly hold renting one in all these and have round 100,000 sq. foot of workplace area in London in whole after the adjustments.

“As part of our ongoing commitment to the U.K., we are excited to expand our operations in London,” a Netflix spokesperson advised Bloomberg.

While some corporations have embraced distant working, Netflix Co-Chief Executive Reed Hastings is not a fan. Last month he advised The Wall Street Journal that not having the ability to meet folks face-to-face is a “pure negative.” At the time, he mentioned a number of corporations may have workers working 4 days within the workplace and one at residence.

Meanwhile, Capita is within the strategy of closing a 3rd of its U.Ok. places of work, in accordance with the BBC.

Read the total story on Bloomberg right here. 


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