Goldman Sachs leads US banks’ switch on working

Goldman Sachs was keen for its aspiring financiers to return to the offices of the investment bank, but rethought its decision in the face of the the Omicron variant
Goldman Sachs was keen for its aspiring financiers to return to the offices of the investment bank, but rethought its decision in the face of the the Omicron variant
MICHAEL NAGLE/BLOOMBERG/GETTY

Goldman Sachs has become the latest Wall Street bank to tell its US-based staff to work from home, in a retreat from its campaign to get them back to their desks.

Goldman had been one of the fiercest advocates of returning to the office. David Solomon, the chief executive, described working from home as “an aberration” last February and more recently told a conference in Los Angeles that being in the office was critical to how his bank works.

However, Goldman has now contacted its American bankers, telling them that they should work from home if possible as the Omicron variant sweeps through the US. A memo sent to staff over the weekend asked them to avoid coming to the office until January 18.