Any news for when people expect to be fully back in offices mandatory? Have heard rumblings that a few places are planning “phase-in” schedules circa September where people are able to work at some % capacity (say 30-40%) of the office, but still somewhat on a voluntary basis.
What have you all been told?
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In terms of phasing in, a lot of banks are giving priority to traders.
I can confirm this, my bank is doing the same but expects to phase in about 50% of employees in October as long as things continue to get better in NYC.
Yep - and those 50% on a voluntary basis correct? Personally am preferring WFH and want to be the last one back in city if possible
wow - 50% in October seems aggressive
My bank is saying end of Sept, beginning of Oct. Some sort of cycling structure TBD.
Is this all locations for your bank? Or just NY?
Probably 2021 until I go into the office or really late 2020 (nov/dec)
Google isn't till next July
Citi says they'll give us a 60 day notice and we still haven't gotten the notice yet, which mean's it'll most likely be early October at the earliest
This is for NYC btw
Right now my bank has less than 500 people in NY (predominantly traders), and has made no mention whatsoever of the rest of the population returning. I don’t think I’ll be back until 2021.
October 1 on a voluntary basis.
From roommates and other friends who are mostly still WFH: tentative September for firmwide but tentative and subject to change (voluntary). I do know that the trading floors for Barclays and GS were about 20% capacity this month, but a lot of them have been able to execute our trades/maintain current client demands just fine from home.
Have been interviewing candidates lately. Hearing JPM is forcing people back Labor Day. Any other banks heading back in Sept?
For non-traders, I'd expect very late 2020 or early 2021 unless the situation escalates again. Some banks are being more aggressive than others, and pushing people to come back earlier, but idk if that will really last.
1st year analyst at a BB in NYC and am likely heading into the office in the next couple weeks.
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