Has your bank mandated you to go back to office?
Just had a call with a boutique firm in NYC and learnt everyone there is working 5 days in the office now. I was kind of shocked. I mean 2-3 days (at my bank) are reasonable, to limit the capacity and let people have a place to breath.
What's situation at your bank (JPM aside) so far and what's your location? (curious about Chicago, Dallas and SF). And whether they call it "voluntary" or not?
Anyone have news on Credit Suisse NYC?
Bump
bump
No
No not yet, thank god lol
MM or BB?
MM
Folks, any insights on the west coast or Midwest?
In SF/LA, even if the bank wanted to bring people back in, they can't by law. California isn't letting non-essential offices open yet. Believe offices in Chicago are open however with people allowed to go back on a voluntary basis.
I thought the same. Know a couple top tier banks in Chicago not opened yet and never heard anyone going back 5 days a week.
California's governance is a total joke
I mean...in this case it makes sense. Cities like SF have a huge commuter population that lives in the bay and relies on the BART to come in making commutes harder to socially distance (not as important for bankers but a critical consideration for the city as a whole). Additionally, every bank is located in an office building that is usually 30+ floors with a multitude of other companies in there (unlike NY where some banks basically occupy the whole building or a huge chunk of it). I don't see how it's possible to socially distance effectively when everyone is going to be trying to use elevators at the same time (morning and evening), and in order to effectively do an A/B rotation split you would need to coordinate with other companies in the building who have entirely different priorities in staffing/determining who goes into the office. Finally, most SF offices don't relay house any S&T staff so it's not like there's a critical need to get people back in the office. If your company does need you onsite to function they can get an exception/permission for the employee but otherwise I think California is just being pragmatic about how it approaches the situation.
In addition to all of that, almost all of the major tech companies announced pretty early on they are going to be remote until Fall 2021 at the earliest anyways, so the private sector isn't really pushing for a return to work anyways.
Know people going in on voluntary basis in Chicago. People choosing to work from there a few days a week, if they need a break from their apts
Nothing from me. We are thinking 2021.
Citi S&T is back in the office next week i've heard. Friends there are pissed
Houston IB - my firm is not going back until 2021. Seems to be the general consensus from what I can tell.
At first thought the post said “Has anyone’s firm mandated you to go back office”. Was going to say, if that’s their mandate, not a good sign.
Anybody know about Barclays?
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