Wells Fargo delays return-to-office plans until October

Wells Fargo signage on May 5, 2021 in New York City.

Bill Tompkins | Michael Ochs Archive | Getty Images

Wells Fargo has postponed plans for employees to return to corporate offices for a month in response to the surge in U.S. coronavirus cases.

According to a memo on Thursday from Chief Operating Officer Scott Powell, the bank is now aiming to start the first phase of its plan on October 4th from an earlier target on September 7th. The move applies to employees currently working remotely, not those who already work on-site, Powell said.

Wells Fargo, the fourth largest U.S. bank by assets, joins a growing list of companies postponing return dates or requiring employees to vaccinate or wear masks amid a nationwide surge fueled by the more contagious Delta variant.

Last week, Citigroup said even vaccinated employees are required to wear masks in corporate offices. Tech giants, including Facebook and Alphabet, are now mandating that employees who want to return to their offices get vaccinated. Giant wealth manager BlackRock also said Thursday that it is postponing plans for office yields by a month to October, according to Bloomberg, which previously reported the Wells Fargo News.

The bank also encouraged its employees, but did not ask them to get vaccinated, saying that nearly 90% of its workforce had completed an internal vaccine questionnaire, according to the memo received by CNBC. The bank declined to comment beyond the memo.

“We will continue to monitor the situation and make further adjustments if necessary,” Powell told staff. “Please take care of yourself and your families.”

This story evolves. Please check again for updates.

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