Penguin Random House interim ceo Nihar Malaviya wrote to US employees on Tuesday about adjustments to their policy on office attendance as well as their use of space at 1745 Broadway. Notably, the company will “reduce our footprint at 1745 Broadway this fall” in order to “save costs on the spaces that are not being used today.” The company declined to indicate how many floors they expect to vacate. (In 2016, PRH took over all of the office condo space from floors 2 through 23, with the exception of the 20th floor, in a lease extension running through mid-2033.) Malaviya […]
