BNZ cuts 30 per cent office space as work from home model becomes permanent 6 May, 2021 05:00 PM 5 minutes to read A hybrid model of working from home and the office has become permanent for a major corporate. Photo / Getty Images A hybrid model of working from home and the office has become permanent for a major corporate. Photo / Getty Images There'll be no going back to spending five days a week in the office for workers of one major corporate and its chief executive says it's not alone in making the move. The Bank of New Zealand has cut its corporate office space by 30 per cent after a permanent shift to a hybrid working model where its nearly 5000 staff work either two or three days from home.