Categories: BankingNewsWorld

Goldman Sachs asks U.S. employees to work from home until Jan. 18

Jan 2 (Reuters) – Goldman Sachs Group Inc (GS.N) is encouraging its eligible U.S. staff to work from home until Jan. 18, a company spokesperson said, as it followed a number of its rivals in altering return-to-office plans as the Omicron variant spreads.

Goldman’s offices will continue to remain open with previously announced COVID-19 safety protocols, the spokesperson added. Those measures are: a vaccine requirement, booster requirement for all eligible populations effective Feb. 1, bi-weekly testing effective Jan. 10, and mandatory masks.

Financial firms have been grappling with when they can realistically get back to business-as-usual, and how to communicate to staff and retain workers amid the uncertainty. A number of other banks had asked staff to work remotely due to the latest surge in cases. read more

For a FACTBOX on the banks’ latest plans click here: read more

Goldman was among the Wall Street banks that had pushed hardest to bring staff back into offices, and had been the last holdout trying to keep most staff working in the offices through the Omicron variant’s surge.

JPMorgan Chase & Co (JPM.N), which was also among those pushing staff to work in its offices, told workers last week they could from home for the first two weeks of January. However, JPMorgan said in the memo to employees that all staff are expected to return to offices no later than Feb. 1.

Citigroup (C.N) has also asked its employees to work from home during the first few weeks of 2022, a spokesperson confirmed late last month.Reporting by Elizabeth Dilts Marshall in New York and Shubham Kalia in Bengaluru; Editing by Megan Davies and Daniel Wallis

Our Standards: The Thomson Reuters Trust Principles.

This article was originally published by Reuters.

Global Business Magazine

Recent Posts

Office rent hikes in the UAE are due to the scarcity of premium spaces

The fundamentals of the economy were strong, while occupier sentiment was favourable amid the scarcity…

15 hours ago

Construction of the UAE’s second pipeline around the Strait of Hormuz is 50% complete, reveals Al-Jaber

The Adnoc CEO reveals that they have expedited the construction of the pipeline to 2027…

2 days ago

Crude is expected to trade above $80 as war fears are integrated into longer-term expectations within global oil markets

Oil prices are to stay volatile amid concerns over Middle Eastern oil supplies overshadowing diplomatic…

3 days ago

GAIP InsureTek India 2026

The GAIP InsureTek India 2026 (12th Edition), scheduled for 26th August 2026 in Mumbai, brings together key players…

4 days ago

GAIP InsureTek Armenia 2026

The GAIP InsureTek Armenia 2026 (11th Edition), taking place on 4th June 2026 in Yerevan, marks the expansion…

5 days ago

Abu Dhabi property market expected to see 8,400 deliveries in 2026

Around 1,200 residential units were launched in the capital during Q1 in Abu Dhabi

7 days ago