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
    With major financial choices to make, Newmark receives $850M infusion
    With major financial choices to make, Newmark receives $850M infusion
    With major financial choices to make, Newmark receives $850M infusion
    Soho CEO Zhang Xin and Blackstone CEO Stephen Schwarzman (Wikimedia, Getty)
    Blackstone bids to buy office developer Soho China for $3B
    Blackstone bids to buy office developer Soho China for $3B
    NYC’s office sublease surge slows as tenants move to reoccupy space
    NYC’s office sublease surge slows as tenants move to reoccupy space
    NYC’s office sublease surge slows as tenants move to reoccupy space
    The Roger New York hotel at 131 Madison Avenue, Larry Korman of AKA Hotel Residences and Joe Lubeck of Electra America (Google Maps, Getty, Electra)
    Electra America JV nabs Roger hotel for $71M discount
    Electra America JV nabs Roger hotel for $71M discount
    Oceanwide’s US business is sinking. Can it right the ship?
    Oceanwide’s US business is sinking. Can it right the ship?
    Oceanwide’s US business is sinking. Can it right the ship?
    Demir Sabanci and 41-47 West 57th Street (Sedesco, Google Maps)
    Sedesco seeks rezoning for new Billionaires’ Row skyscraper
    Sedesco seeks rezoning for new Billionaires’ Row skyscraper
    From left: Alvin Dworman, 155 East 55th Street, 65 West 55th Street, and 210 East 58th Street (Getty, Google Maps)
    Alvin Dworman Sells 3 Manhattan Buildings for $65M
    Alvin Dworman Sells 3 Manhattan Buildings for $65M
    Anita Durst and images of Chashama (Photos via Getty, Chashama)
    Durst-backed nonprofit puts startups into empty storefronts
    Durst-backed nonprofit puts startups into empty storefronts
    arrow_forward_ios

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

    Loading...