Wells has officially pushed its return-to-office date to 10/18 (from 10/4). What are other banks doing? Do you think we’ll be back in the office in 2021 or are they just kicking the can down the road?
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Credit Suisse is 10/18 right now (likely to push even further)
source?
I’m an analyst can confirm. Was pushed from 9/7 to 10/18, hope they push even further
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What's the end goal now? I'm sure almost everyone in these offices is vaccinated. People are still getting covid, will a report of a case automatically close offices again for a period of time? I don't see how there's any longer term plan to have a consistent in-person schedule.
I think the question is more if banks are going hybrid and if so how many days of the week
Have any banks other than Lazard and citi done this? 3 days in the office seems like a no brainer.
Interested in this as well
ubs
I think once a few more F100 companies institute some kind of vaccine mandate, one of the big BB banks will follow. Once a big BB does that, the rest off the BB/balance sheet banks will and then we will be back in the office before the end of the year (or right in the new year). That's my prediction.
But how long would that take? You think January?
The big problem is people still get covid despite being vaccinated and can still spread it. They don’t get as sick, but they can still get quite sick. Unless they get to the point of realizing some people will get sick and we can’t make this go away, I am not sure how they ever get back into the office.
The, at least temporary answer, in my mind would be to do hybrid work and remote schedules so less people are together.
We need to adapt to this never going away as much as we can or we are constantly going to be see-sawing around.
I agree. I’m shocked that so few banks have gone hybrid. It’s hard to argue that it doesn’t work after 18 months of working from home full-time.
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Bump
There’s constant outbreaks of covid in the duke energy building, however I believe Lev fin and some teams are back on a hybrid model already. People’s largest concern are the kids, because almost everyone in Charlotte get kids and they don’t want to risk of passing it off to their kids. Overall, I think they did a good job at managing the situation and will most likely push out even more until covid cases are down again.
What will change from here on out? Virtually nothing. Get vaccinated and move on, or pretend that this is "temporary" while years roll off the calendar.
I agree with you. As long as people are going back to the office folks are going to keep testing positive (operating under the assumption that everyone in the office is vaccinated) and at some point, in my opinion, we will have to accept treating this virus like the flu in that we all have vaccination protection but we recognize that this DOES NOT prevent us from contracting said virus but rather protects us from its effects if we get it.
My bank didn't allow non-vaccinated folk back during the summer and we had a few breakout cases of covid during that time but all of those who got it had super mild to barely moderate cold/flu symptoms (they had the delta variant). As more variants gain traction such as the lambda or mu ones which are picking up steam outside of the US, us vaccinated folk are made aware that we will need annual boosters (if not more frequent) to combat the virus mutation.
That being said, I think that it is critical we almost force back normalcy, and I know this may be a hotly contested topic, but I think that for the vast majority of folks who are vaccinated (which is a crucial part of what my argument rests on) we should all be comfortable and encouraged by management to largely revert to what the norm was pre-covid. And obviously I'm not trying to say this in a flippant manner in which those at-risk are harmed but for the majority of those who are simply vaccinated and not in contact with friends/loved ones who aren't at-risk, why deny the normalcy we were thinking would take place once vaccinated?
And yes this is a hotly contested topic in that even in super liberal states such as NY or CA the government has to balance both the fact that having the vaccine makes you safer overall without counterbalancing that the delta can get you sick even if you have been fully vaccinated. This to me boils down to vaccine education and making sure that the populous is aware of the fact that having the vaccine just means you are protected if and when you contract the virus, not that you won't get the virus.
Huge string of thoughts from me so please don't take super seriously. Thank you for reading
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