Netflix is reportedly set to triple London workplace house with new headquarters

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

Kiyoshi Ota | Bloomberg | Getty Pictures

LONDON – Because the coronavirus forces some corporations to reduce on their bodily places of work, Netflix is planning to triple the quantity of workplace house it has in London and transfer into a brand new U.Okay. headquarters, based on a report from Bloomberg, citing sources acquainted with 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 Finish. The property, located on Berners Road, was occupied by outsourcing agency Capita till lately, however Netflix is alleged 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, at present rents about 30,000 sq. foot throughout two close by buildings. It would reportedly hold renting one in all these and have round 100,000 sq. foot of workplace house in London in complete after the adjustments.

“As a part of our ongoing dedication to the U.Okay., we’re excited to develop our operations in London,” a Netflix spokesperson advised Bloomberg.

Whereas some corporations have embraced distant working, Netflix Co-Chief Govt Reed Hastings is not a fan. Final month he told The Wall Street Journal that not with the ability to meet folks face-to-face is a “pure destructive.” On the time, he mentioned plenty of corporations can have workers working 4 days within the workplace and one at residence.

In the meantime, Capita is within the strategy of closing a 3rd of its U.Okay. places of work, according to the BBC.

Learn the total story on Bloomberg here

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