Goldman Sachs wants its US workers back in the office next month
May 4, 2021. Summarized by summa-bot.
Compression ratio: 42%. 1 min read.
Pedestrians pass in front of Goldman Sachs Group Inc. headquarters in New York, U.S., on Friday, March 5, 2021. Three days after new Citigroup Inc. Chief Executive Officer Jane Fraser??outlined??a net-zero greenhouse-gas emissions target,??Goldman Sachs Group Inc.??CEO??David Solomon??is following suit. Photographer: Michael Nagle/Bloomberg via Getty Images
It looks like most Goldman Sachs workers will be back in Lower Manhattan by mid-June, marking another milestone in the reopening of New York City and the broader economy from the Covid-19 pandemic.
Goldman Sachs (GS) is asking US employees who have not already returned to the office to be prepared to do so by June 14, according to a memo obtained by CNN Business that was sent to staff Tuesday.
The memo also asks employees in the United Kingdom to make plans to return to the office by June 21.
Goldman Sachs, whose headquarters is located near Wall Street in Lower Manhattan, expects to welcome nearly 5,400 interns and newly hired analysts and associates to its offices this summer in addition to the returning employees.
Goldman Sachs executives said they "remain committed to giving our people the flexibility they need to manage both their personal and professional lives. " Employees who are unable return to the office can discuss working arrangements with their manager.
Last week, JPMorgan Chase (JPM) announced it will open its US offices to all employees on May 17, subject to a 50% occupancy cap.
JPMorgan executives told employees in a memo that by early July they expect all US-based employees will be in the office on a consistent rotational schedule subject to that same 50% cap.
Goldman Sachs says it gives employees a half-day of paid time off for each dose of Covid-19 vaccine they receive as well as family leave to accompany dependents who are getting vaccinated.