Blackstone sets office return for some vaccinated staffers

Firm joins JPMorgan and Goldman Sachs in plan to end WFH routine

National /
May.May 11, 2021 11:15 AM
Blackstone president Jon Gray and the Blackstone headquarters at 345 Park Avenue in NYC (Getty, Google Maps)

Blackstone president Jon Gray and the Blackstone headquarters at 345 Park Avenue in NYC (Getty, Google Maps)

Blackstone Group is the latest company looking beyond the Zoom meeting.

The firm wants a full return to the office, and is asking vaccinated U.S. employees in its investment divisions to head back on June 7, according to Bloomberg.

Blackstone announced the move Monday. Insider first reported the news.

Blackstone will join other financial behemoths like JPMorgan Chase, Goldman Sachs and Morgan Stanley, which have all been shifting back to the office. JPMorgan is planning to bring back all its employees starting in early July. Goldman said its workers should plan to return to the office by the beginning of July. Morgan said it plans a full return to its Midtown Manhattan office when it’s safe to do so, but expects “some flexibility for employees to work from home during some of the week.”

Other firms that are allowing for the hybrid option include Deutsche Bank, which has said employees can work from home about three days a week. HSBC said it expects to cut its office footprint 20 percent.

[Bloomberg] — Keith Larsen





    Related Articles

    arrow_forward_ios
    Two more rent law challenges tossed, landlords reserve hope in appeal
    Two more rent law challenges tossed, landlords rest hopes on appeal
    Two more rent law challenges tossed, landlords rest hopes on appeal
    Purchases across the country rose 0.7 percent in August, easily outpacing estimates by retail analysts. (iStock)
    Big month for retail sales bodes well for landlords
    Big month for retail sales bodes well for landlords
    A rendering of River Ring with Two Trees CEO Jed Walentas (BIG, Getty)
    CB1 approves Two Trees’ River Ring, keeping project on pace
    CB1 approves Two Trees’ River Ring, keeping project on pace
    250 Park Avenue and IWG CEO Mark Dixon (Google Maps, IWG)
    IWG to open 58K sf co-working site on Park Ave
    IWG to open 58K sf co-working site on Park Ave
    Tritec Principal Robert Coughlan with the project (Tritec)
    Tritec lands $173M for Bay Shore Residences
    Tritec lands $173M for Bay Shore Residences
    A recent report by Harvard’s Joint Center for Housing Studies shows mom-and-pop landlords were hit harder than big firms by rental delinquencies. (iStock)
    Mom-and-pop landlords, Black tenants hit harder by pandemic: report
    Mom-and-pop landlords, Black tenants hit harder by pandemic: report
    Deconstruct Podcast
    Now streaming: the debut episode of Deconstruct, TRD’s new podcast
    Now streaming: the debut episode of Deconstruct, TRD’s new podcast
    Jason Pomeranc and 305 West 48th Street (CIVILIAN, Google Maps, Kelleecaitlin/Wikimedia)
    Jason Pomeranc to launch new Theater District hotel
    Jason Pomeranc to launch new Theater District hotel
    arrow_forward_ios

    The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

    Loading...