The coronavirus pandemic has accelerated Bryn Mawr Trust’s plans to shift a significant number of its employees to permanently working remotely, writes Jeff Blumenthal for the Philadelphia Business Journal.
According to CEO Frank Leto, 40 percent of the company’s employees will continue to work from home after the offices reopen.
During the last several months, virtually all of almost 700 Bryn Mawr employees have been working remotely. Prior to the pandemic, it had only been a handful.
“This was something we were thinking about pre-COVID,” said Leto. “But when we saw how we all operated remotely during this crisis, that really accelerated our thinking.”
As more than 300 employees shift to remote working, the company will sell one building and terminate the leases on two others by the end of the year.
All three are located across the street from its Lancaster Avenue headquarters in Bryn Mawr. This will reduce the company’s footprint by around 33,000 square feet.
In late June, the company also laid off around 25 back office employees who were working in “redundant positions.”
Read more about Bryn Mawr Trust at the Philadelphia Business Journal by clicking here.
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