Published on 18 May 2020

Big offices may be thing of the past after coronavirus lockdown is lifted, says Barclays boss

 Barclays boss Jes Staley has claimed that large offices may become a thing of the past as companies adapt to social distancing and remote working after the Covid-19 lockdown.

Mr Staley, who has been under fire for a series of scandals, including his attempts to uncover the identity of a whistleblower, as well as his friendship with deceased child sex offender Jeffrey Epstein, had further bad news on Wednesday morning as Barclays revealed profits plunged 42 per cent in the first three months of the year.

 In a call with analysts after the disappointing results were announced, Mr Staley told reporters the virus would also change how Barclays used its offices and branches.

“We will find ways to operate with more distancing over a much longer period of time,” he said, suggesting Barclays could us its branch network as a hub for call centre workers or investment banking activity.