BlackRock, AmEx extend hybrid work plans as Omicron spreads across U.S.
BlackRock Inc (NYSE:BLK) and American Express Co (NYSE:AXP) are extending their hybrid work plans as the Omicron COVID-19 variant spreads across the United States.
The world's largest asset manager, BlackRock, is providing flexibility through Jan. 28 and allowing U.S. employees to work from wherever they are most comfortable, according to a source familiar with the matter.
The new variant has swiftly spread across the country since its detection on Dec. 1, replacing Delta as the dominant strain and sparking a new wave of infections that pushed daily cases near the 1 million mark on Monday.
BlackRock had earlier required more than half of its employees to work from office for three days a week on average starting November.
AmEx has decided to delay the Jan. 24 launch of "Amex Flex (NASDAQ:FLEX)" in the United States, after previously saying it would start bringing its employees in the United States, the UK and Germany back to offices from Jan. 24.
A number of Wall Street banks and investment firms, including Bank of America (NYSE:BAC), Citigroup (NYSE:C) and Jefferies Financial Group have reversed their push to get staff back to the office amid concerns of the fast-spreading Omicron variant.
© investing. Copyright and all rights therein are retained by authors.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.