Goldman Sachs planning to bring traders back to offices in New York and London offices
Goldman Sachs is planning to bring back traders and other markets personnel to its offices in the U.S. and London in the upcoming few weeks, top executive John Waldron said on Wednesday.
In March, Goldman sent New York-area employees home as coronavirus lockdowns began in the U.S.
The bank is set to bring back some of its employees working from home to its offices in Manhattan, New Jersey, and Connecticut.
Waldron said that Goldman had already set its return-to-work plan in motion overseas, targeting “approximately 50 percent of our people working in our offices in Hong Kong, China, and Korea, and approximately 10 percent in our offices across continental Europe.”
He didn’t specify a percentage of employees expected to return in its U.S. offices, but the figure is expected not to climb above 50 percent in the near future as social distancing rules will still be in effect.
A Goldman spokesman said earlier it would likely be a “small group of people” and that employees who don’t feel comfortable returning will be permitted to continue to work from home.