Updates on the Return to In-Person Work

Wall Street Plans Gradual Return to In-Person Work This Summer

For over a year, millions of Americans have been working from home. Zoom fatigue and the difficulties of juggling childcare and other responsibilities while working have taken a toll on many. Now, as more people receive COVID-19 vaccines, some companies are making plans for how to bring people back to offices safely.

In the financial industry, Citigroup (C) said it will invite some workers back to the office starting in July. The bank plans to bring 30% of its North American workforce back to working in-person over the course of the summer. Goldman Sachs (GS) and JPMorgan (JPM) are also making plans for gradually returning to the office over the summer.

Ford Takes a Unique Approach

While some companies have a goal of returning to pre-pandemic work structures eventually, others are making permanent changes to their policies about where employees can work. Ford (F), for example, is giving employees a number of choices about how they return to work.

The carmaker is planning to use a hybrid model for its corporate employees, where people will report to the office for meetings and other collaborative work, but will be allowed to work from home if it makes sense for the kind of work they are doing.

In addition to offering flexibility about where work takes place, Ford is also giving employees options about when they work. For example, the company is allowing employees to work 10-hour days for four days per week instead of the typical five-day work week.

Uber and Fox Extend WFH Policies Through September

Several large tech companies including Google (GOOGL) and Facebook (FB) have said that their remote work policies will last until at least July and possibly longer. Earlier this week, Uber (UBER) told its employees that work from home policies would be extended until at least September 13. Similarly, Fox Corp. (FOX) told employees they would not be back in the office until after Labor Day.

Workers and teams have shown impressive resilience during the pandemic, finding creative ways to collaborate virtually. But the past year has also demonstrated some ways that in-person communication and teamwork cannot be replicated on a screen.

Please understand that this information provided is general in nature and shouldn’t be construed as a recommendation or solicitation of any products offered by SoFi’s affiliates and subsidiaries. In addition, this information is by no means meant to provide investment or financial advice, nor is it intended to serve as the basis for any investment decision or recommendation to buy or sell any asset. Keep in mind that investing involves risk, and past performance of an asset never guarantees future results or returns. It’s important for investors to consider their specific financial needs, goals, and risk profile before making an investment decision.
The information and analysis provided through hyperlinks to third party websites, while believed to be accurate, cannot be guaranteed by SoFi. These links are provided for informational purposes and should not be viewed as an endorsement. No brands or products mentioned are affiliated with SoFi, nor do they endorse or sponsor this content.
Communication of SoFi Wealth LLC an SEC Registered Investment Advisor
SoFi isn’t recommending and is not affiliated with the brands or companies displayed. Brands displayed neither endorse or sponsor this article. Third party trademarks and service marks referenced are property of their respective owners.
SOSS21031803