As Morgan Stanley and Citi have walked back toward the work-from-home approach, the pressure is on two other big New York-based banks to make public announcements.
Within Goldman Sachs’s and JPMorgan’s New York City–based operations, there is a percolating awareness of a rising positive COVID-19 rate among employees and increased rumbling that they would like their banks’ leadership to follow the lead of Citi and Morgan Stanley and say with clarity that they should just stay home and stay safe, particularly as a particularly contagious variant, omicron, gains a foothold.
On Thursday, Citi told New York–area employees in a memo that, “Given the current situation, if you’re able to work from home now through the holidays, please feel free to speak to your manager about doing so.” “I thought we would have been out of it past Labor Day, and we’re not,” Gorman said in the interview. “I think we’ll still be in it through most of next year.”
“It’s everywhere, and you hear about more cases every few hours,” said one employee at JPMorgan JPM, -2.28%. “I’m boosted, but I’m still probably going to get it, which would suck for Christmas.” “I think anyone who’s vaccinated is freaking out for no reason, and I’m going to keep coming in, but, no, it’s not a positive vibe,” said one Goldman insider when asked about the morale in downtown Manhattan. “It also depends on what you do. It’s year-end time, and not everyone can do their job from the basement, you know?”
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