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Raytheon to cut office space by 25% as it embraces hybrid work


Raytheon Technologies is embracing the hybrid work model as a means to reduce its footprint and foster a more inclusive workforce, CEO Greg Hayes told CNBC Tuesday.

After more than a year of working from home, an experiment spurred by the Covid-19 pandemic, the company plans to cut a quarter of its office space and welcome employees to the office only when necessary.

“What this pandemic has shown us in all honestly is that, you know, you can be productive in varying work environments,” he said in an interview with Jim Cramer on “Mad Money.”

Raytheon, which reported having 181,000 employees globally as of December, said about 100,000 people have worked remotely during the pandemic. Raytheon…


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