Big U.S. banks to start the new year working from home


Goldman Sachs said on Sunday it would join other big banks in encouraging employees in the United States to start the New Year by working from home.

JPMorgan Chase, Citigroup and Bank of America have also asked staff members to work from home as the country experiences a major increase in COVID-19 cases fueled by the omicron variant.

While Goldman Sachs employees will be invited to work from home until January 18, offices will remain open with previously announced COVID-19 protocols in place, including a vaccine requirement and a mask warrant. From February 1, boosters will also be required and bi-weekly testing will be implemented from January 10, according to Reuters.

JPMorgan Chase & Co has told its employees they can work from home for the first two weeks of January, although the company has said it expects employees to return to the office no later than the 1st. February, according to Bloomberg.

“We are not changing our long-term office work plans,” JPMorgan said in a note to staff members last week, according to Bloomberg.

“However, with the increase in vacation travel and gatherings, we are allowing more flexibility during the first two weeks of January to work from home (if your role allows) at the discretion of your manager,” the memo added.

At the end of last month, Citigroup also asked its employees to work from home during the first weeks of the New Year, Reuters noted.

Additionally, Bank of America encouraged its employees to work from home the week of January 3, Bloomberg reported.

The halt to return-to-office plans comes as the omicron variant fuels a nationwide rise in COVID-19 cases.

Since December 28, the Centers for Disease Control and Prevention reported a weekly average of 277,242 new cases daily, marking a 71% increase from the previous week.


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