Strategy

Goldman Sachs Wants Office Work To Resume

Editorial Staff, 18 June 2021

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Financial organisations are positioning for how to arrange working arrangements after the pandemic (hopefully) winds down in parts of the world.

Goldman Sachs is asking its US-based staff to return to the office by the middle of June and those in the UK to do so by the middle of July, Reuters has reported, citing an internal memo. 

This news service has asked the Wall Street-based firm for comment and may update in due course. 

Its position over working practices touches a debate on how employment practices have been turned upside down by COVID-19. In February, Goldman Sachs' chief executive David Solomon described how employees are working from home as an “aberration,” taking a stance that in some ways goes against that of some peers. Big banks such as HSBC and JP Morgan will reportedly let thousands of staff work from home after the pandemic, and PricewaterhouseCoopers will allow its 22,000 employees to do so for at least half of the time. 

"We know from experience that our culture of collaboration, innovation and apprenticeship thrives when our people come together," Solomon is quoted as saying in a memo, as the newswire reported.

The reported note in March said that Wells Fargo would start bringing workers back to its offices after Labor Day, while JP Morgan has said it sought employees' return to office on a rotational basis from July. 

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