Living with the virus fails again.
Omicron's spread forces return-to-office rethink
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msn.com/en-us/money/co…
Omicron's spread forces return-to-office rethink
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msn.com/en-us/money/co…
"Over the summer, corporate executives across a range of U.S. industries scrapped their plans to bring workers back to offices in the fall.... Now a growing number of companies are again pushing pause as January approaches and COVID-19 infections surge.
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"This week, technology companies, banking institutions, ride-sharing corporations and plenty of enterprises in between announced they will yet again delay the elusive return to office. Corporations that already have butts in seats are sending workers home.
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"A number of colleges and universities this week also announced they would revert to virtual learning, effective immediately.
"Even company leaders once staunchly opposed to remote work, notably in the banking industry, are rethinking their positions on in-office work.
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"Even company leaders once staunchly opposed to remote work, notably in the banking industry, are rethinking their positions on in-office work.
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"For example James Gorman, the CEO of investment bank Morgan Stanley, this week said he had been "wrong" about pushing for in-office work when he said last June he expected workers back at their desks by Labor Day and threatened to cut pay for no-shows.
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"Gorman has seemingly come to terms with remote work, at least for the time being, saying Monday on CNBC that "I was wrong on this. I thought we would have been out of it past Labor Day and we're not."
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"I think we'll still be in it through most of next year. Everybody's still finding their way and then you get the Omicron variant; who knows, we'll have Pi, Theta and Epsilon, and we'll eventually run out letters of the [Greek] alphabet. It's continuing to be an issue.
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"Morgan Stanley does not have a firm return-to-work date and remains in a sustained period of transition, a spokesperson told CBS MoneyWatch.
"Asset managers Citadel, Blackstone and Millennium Management are also reverting to remote work as of this week.
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"Asset managers Citadel, Blackstone and Millennium Management are also reverting to remote work as of this week.
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Tech industry leaders Facebook and Google and ride share company Lyft previously announced extensions of their pandemic-driven remote work phases. Lyft employees now have the option to work remotely for all of 2022.
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"Apple is also delaying its January return to office, and even giving employees a $1,000 stipend to spruce up their at-home workstations, according to reports.
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"The announcements come as Covid cases rise across the country, with the Delta variant continuing to surge and the new, even more contagious Omicron variant demonstrating some ability to evade vaccines.
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"Thirty-six states in the U.S. have detected the Omicron variant, meanwhile Delta continues to overwhelm hospitals across the nation.
"In New York City, which was once a virus hotspot, the mayor's public health adviser, Jay Varma, tweeted, "Um,
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"In New York City, which was once a virus hotspot, the mayor's public health adviser, Jay Varma, tweeted, "Um,
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"..we've never seen this before in #NYC," referring to a stark rise in the number of recent positive tests among residents. Positive tests tripled over a three-day period, according to testing data, with 7.8% of the city's PCR tests delivering positive results on Sunday.
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Omicron is different fast.
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