Another Signal for Office REITs - LivePerson Dumps its Offices and Moves its 1,300 Workers to Remote Working

7/5/20

By David Jackson, SA

Israeli financial news publisher Calcalist reports that LivePerson (NASDAQ:LPSN) has sent letters to its employees to tell them to remove their personal belongings from its Seattle, Washington, and Ra'anana, Israel offices, as the company is moving to 100% remote working. LivePerson employs 1,300 people.

The decision follows an internal survey which LivePerson conducted, which found that 70% of employees prefer to work from home until a COVID-19 vaccine is found.

The company set up a task force to determine the best mode of working after the virus. It has recommended that employees should work from home, and be given a budget to rent space in a shared office. Workers have already been given an average of $300 each for home office purchases.

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