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The Toronto-based bank is expanding its footprint to accommodate employees returning to the 4-day workweek policy announced last year.
The TD Bank logo appears on a branch office in Boston. AP Photo/Michael Dwyer
TD Bank is expanding its offices to International Place, following an announcement last year that it was asking employees to return to the office four days a week.
according to Boston Globethe Toronto-based bank recently signed a 10-year lease for approximately 39,000 square feet across two floors at 2 International Place. space, globe Reports, it will be nearly twice the size of the TD it occupied at 200 State St. It will accommodate about 140 people.
TD Bank Announce In a memo to employees last year, executives were required to be at their desks four days a week, and other employees were expected to follow suit.
The move comes as Fidelity recently announced that its employees will return to the office full-time as it expands its footprint. JPMorgan Chase is already there in person full time, while East Bank Sports a hybrid approach.
With all the hype about getting back into the office, Mayor Michelle Wu She shared her thoughts with WBUR on Tuesday, saying it was “great news” to hear that Fidelity was asking workers to return downtown.
The increase in downtown traffic will be a “boost” for small businesses, Wu told WBUR.
“I know we’re always going back and forth in terms of employee work-life balance and what that means, in-person versus remote work,” Wu said. “But I know that they, and many others, see real value in collaboration and in the kind of work product, creativity, overall culture and morale that can come from people being in places together.”
Boston continues to see more foot traffic downtown. according to Placer.aiBoston saw an 11.2 percent increase in office visits in He walks Compared to last year, but it is still 34.3 percent below pre-pandemic levels.
TD Bank is following suit by bringing more teams to Newly renovated Chiofaro owns the International Place building.
With more than 100,000 employees, TD Bank is the sixth largest bank in North America. Last year, it reported revenue of $68 billion, an 18 percent increase from the previous year.
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