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June 11, 2020

Goldman Sachs employees to return to key US offices from 22 June

Investment bank Goldman Sachs is planning to restaff some of its offices in the US from 22 June, though the process will be “entirely voluntary”.

In an email to staff, the bank announced that initially, a group of staff will return to the bank’s New York, Jersey City, Dallas and Salt Lake City offices.

Employees will receive notification in advance by their regional and divisional leadership and have to complete a health questionnaire.

“Rest assured, returning is entirely voluntary and everyone is encouraged to adopt an approach that works for them and their own personal circumstances which might make a return to office challenging at this time.”

Goldman Sachs has not yet decided on the timing for reopening other offices in the US.

Moreover, the bank expects the return of more staff to its London office from June 15.

The return to work would involve split team rotation, noted the bank.

Goldman Sachs also intends to review the office return process of its staff in Bengaluru at the end of this month.

The bank already started reopening its Asia and Europe offices recently.

Goldman Sachs International Richard Gnodde said: “This follows many of our offices in continental Europe safely opening over the last few weeks for our people, including Frankfurt, Madrid, Milan, Paris and Warsaw.

“Our approach continues to be firmly guided by our people-first principle – your health and safety and that of your families remain our priority above all else.”

In Covid-19 fallout, Goldman Sachs is planning to slow down hiring plans for its private wealth management unit and delay the launch of its digital wealth management platform.

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