Get Back To The Office! Wall Street Banks Setting Precedent For In-Person Work

Recently, JPMorgan Chase & Co (NYSE:JPM) urged 40% of its personnel to work a few days a week and 50% to return to the office five days a week.

On Tuesday, Goldman Sachs Group Inc (NYSE:GS), another Wall Street behemoth, declared it will suspend the COVID protocols that had kept some employees away in order to bring all staff back to the office five days a week following Labor Day.

According to the memo, Goldman will scale back its testing program and stop the company's distribution of test kits by the end of the year. 

Although, Goldman will pay for Covid testing covered by insurance, keep track of contacts, and alert staff members who have interacted with infected individuals.

“We continue to make steady progress bringing our people together in the office, which is core to Goldman Sachs apprenticeship culture and client-centric business,” a spokeswoman for Goldman told The Post.

The Post’s source said that Goldman CEO David Solomon intends for the firm to set the precedent on returning to work. "They have brought people back to the office and are miles ahead of peers."

Meanwhile, Morgan Stanley (NYSE:MS) issued a memo late Tuesday saying it would discontinue most of its Covid protocols. 

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