Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Wells Fargo plans to bring workers back to office in September

Published 03/30/2021, 04:06 PM
Updated 03/30/2021, 05:41 PM
© Reuters. The sun rises behind a Wells Fargo building in El Paso, Texas

(Corrects to say "after Sept. 6" not "by Sept. 6")

(Reuters) - Wells Fargo (NYSE:WFC) & Co said on Tuesday it plans to start bringing workers back to its offices after Labor Day due to the increasing availability of vaccines.

The bank hopes that operations will begin to return to normalcy after Sept. 6, according to a memo circulated to the staff.

The company added it was still evaluating whether to allow certain businesses or functional subgroups in the United States to return to the workplace before Labor Day.

About 200,000 employees of the bank have been working from home and about 60,000 from offices, the company said.

Earlier this month, Goldman Sachs Group Inc (NYSE:GS) Chief Executive Officer David Solomon told the bank's thousands of employees that he hoped to have them working in offices again by this summer.

Meanwhile, Britain's Nationwide Building Society and Santander (MC:SAN) UK said last week they would slash their office space, cementing remote working arrangements put in place during the COVID-19 crisis.

(Corrects to say "after Sept. 6" not "by Sept. 6")

Latest comments

Wait until those other companies who said that people can work from home forever start bringing them back into the office. Looks like forever lasted less than 2 years.
Ego Maniacs
That is a bad idea... I think we will never go back to the office like normal again...
Normalcy is trusting your government to pin you with experimental vaccine. Trust the US government, they've been so kind in the past....
Normalcy is trusting your government to pin you with experimental vaccines. Trust the US government, they've been so kind in the past.... 😂
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.