TOareaFan
Superstar
CIBC ... as well as other banks I assume have massive back up offices in Vaughn that just sit empty until needed (ie for the g20, or when a tech team is impacted by a weekend building maintenance).
Yes....but those backup locations have limits.
Also if your job is deemed critical they make sure you can work from home if needed as well. Work from home is something they are pushing hard.. and I suspect this building is going to have many work from home floor plates like 18 york.... where it's just one long row of desks with side by side seating that you have to reserve your seat if you have to come into the office for a meeting. If you need to come with no desks available your out of luck. Prolly why CIBC likes that one acre park.
If they were moving heavily to a work from home plan....they would not be signing a lease for 1.75MM s.f. to house a whopping 15,000 employees.
All companies (not just banks) have those issues/plans.....yet no one yet has consolidated to this level........that is all I am saying.