Goldman Sachs Backtracks on Return-to-Office Plan

Goldman Sachs initially pushed for a quick return to office in New York and London, but due to a surge in COVID-19 cases, they allowed remote work until mid-January. Employees must be vaccinated to return. This shift follows similar moves by other banks like JP Morgan and Citigroup. Despite the pandemic, banks have thrived with remote work, delivering record results and planning significant bonus increases.

What was Goldman Sachs' initial plan regarding office work before the surge in COVID-19 cases?

• To close offices indefinitely

• To implement a hybrid work model

• To return workers to the office quickly

• To allow permanent remote work

Which other banks are mentioned as having similar strategies to Goldman Sachs?

• JP Morgan and Citigroup

• HSBC and Barclays

• Bank of America and Wells Fargo

• Deutsche Bank and UBS

What potential future concern is highlighted regarding the return to office plans?

• Lack of office space

• New COVID-19 mutations

• Technological challenges

• Employee dissatisfaction

How have banks like Goldman Sachs performed financially during the pandemic?

• They have delivered record results

• They have maintained average performance

• They have seen a slight decline

• They have struggled significantly

What is Goldman Sachs planning to do with employee bonuses this year?

• Eliminate them entirely

• Keep them the same as last year

• Reduce them by 20%

• Increase them by 50%