Goldman Sachs Group Inc (GS.N) is encouraging its eligible U.S. staff to work from home until Jan. 18, a corporation spokesperson said, because it followed a lot of its rivals in altering return-to-office plans because of the Omicron variant of Covid 19 spreads.
Goldman’s offices will still 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 are grappling with when they can realistically go back to business-as-usual, and the way to communicate to staff and retain workers amid the uncertainty. A variety of other banks had asked staff to figure remotely thanks to the newest surge in cases.
Goldman was among the Wall Street banks that had pushed hardest to bring staff back to offices and had been the last holdout trying to keep most staff working within 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 might work from home for the starting two weeks of January. However, JPMorgan said within the memo to employees that each staff member is expected to return to offices no later than Feb.
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.
About Goldman Sachs
The Goldman Sachs Group, Inc. is an American multinational investment bank and financial services company headquartered in New York City. It offers services in investment management, securities, asset management, prime brokerage, and securities underwriting. It also provides investment banking to institutional investors.
The bank is one among the most important investment banking enterprises within the world by revenue, and is a primary dealer within the US Treasury security market and more generally, a prominent market maker. It’s considered a systemically important bank by the Financial Stability Board. The group also owns Goldman Sachs Bank USA, a direct bank. Goldman Sachs was founded in 1869 and is headquartered at 200 West Street in Lower Manhattan with additional offices in other international financial centers.