Wells Fargo and BlackRock postpone plans to resume work

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Wells Fargo, BlackRock, and Amazon announced on Thursday that they will postpone their plans for employees to return to the office, which shows how the spread of Delta variants hindered plans to return to work and life before Covid.

They are one of the largest U.S. employers that have recently revised or postponed their plans to return to the office more frequently because New coronavirus infection Rise in the country.

Wells is one of the largest retail banks in the United States, with 4,900 branches, and once hoped to allow employees to return to the office after the epidemic ended. U.S. Labor Day Holiday September 6. It will now be postponed to October 4, “in view of the rising Covid-19 case rate across the United States,” Wells said in a memo to employees on Thursday.

“This delay applies to U.S. employees currently working from home, and does not affect employees who currently report work in person or participate in voluntary early return.”

The bank requires its employees to “use the extra time Wells Fargo provides you to vaccinate.” Wells said that nearly 90% of its US employees responded to a mandatory bank questionnaire about their vaccination status.

BlackRock told staff that it had postponed plans to return to the office completely from early September to early October, citing concerns about the Delta variant.

The asset manager said in a memo sent by senior management: “This extra time will allow those who are able and comfortable to continue working in our office, while providing continuous flexibility to work from home for those who like or need it. .”

Amazon went further, telling its employees that the e-commerce giant postponed its plan to resume work until January 3.

According to an internal memo sent by the Financial Times on Thursday, Amazon stated that it will continue to “closely monitor the local situation related to Covid-19” and therefore has adjusted its timetable for the United States and “other countries/regions”. Seattle-based Amazon originally planned to return employees to its offices early next month.

Stimulated by the rapid launch of the vaccine this spring, many companies that required employees to work remotely during the pandemic had previously hoped to resume more normal face-to-face work after Labor Day, which is regarded as the unofficial end of the summer in the United States.

However, the return of the virus, mainly in unvaccinated individuals, prompted many people Rethink or revise Those plans. In recent days, companies such as Google, Wal-Mart, and Walt Disney announced stricter mask or vaccine requirements for employees or customers, and other companies, including Microsoft and Apple, have also postponed their plans to resume work until October.

Financial conglomerates have always been one of the most active groups to bring employees back to the office, and some executives expressed concern that continued remote work might bring cultural drift.

Goldman Sachs is the first large bank to require employees to return to the office Early June About half of the bank employees are now back to the office. Last month, Goldman Sachs chief executive David Solomon called it “exciting” to get bankers back into the office.

Solomon said: “I believe that let us unite back together, build close ties that support a culture of cooperation, rejuvenate teamwork and apprenticeship, and enable our employees and our business to flourish.”

JPMorgan Chase chief executive Jamie Dimon said on Tuesday that the bank does not intend to repeat the same mistakes. Current push Get the employee back to the office, although the bank will review the decision on a regular basis. JPMorgan Chase began to force bankers to return to the US office in June.

“So, we have asked our people, 100% of them to come in. And we don’t plan to change,” Dimon told Fox Business Channel. “Of course, just like any rational person [we] Look at all these things, local laws, local requirements, we have new Delta variants and things like that. “

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