Omicron Update: Back to Office Plans Upended by COVID Variant Outbreak

Female African American Customer Support Operator With Headset.
PixelsEffect / Getty Images

While 2022 was set to be the “great return,” the fast-spreading Omicron variant is now forcing companies from Silicon Valley to Wall Street to postpone their in-office returns.

See: As Omicron ‘Aggravates’ Supply Chain and Inflation Concerns, OECD Backpedals on Global Economic Growth Report
Find: Glaxo and Vir Biotechnology’s Antibody Drug Works Against Omicron, Study Suggests: Should You Buy the Stocks?

Companies including Lyft, Ford Motor, Uber Technologies and Alphabet are all delaying their plans.

Apple said it is delaying its corporate return-to-office deadline from Feb. 1 to a “date yet to be determined,” according to Bloomberg.

CEO Tim Cook sent an email to employees, in which he cited  “rising cases in many parts of the world and the emergence of a new strain of the virus.” Cook also strongly encouraged employees to receive vaccinations and booster shots, saying “this is by far the best way to keep you and your community safe,” according to Bloomberg.

Bloomberg reports that in the memo, Cook also said the Cupertino, California-based company will provide each employee a $1,000 bonus that may be used for work-from-home needs, saying it’s “in support of our commitment to a more flexible environment.”

“These funds are intended to help you with your home workspace and can be used as you see fit. You will be receiving more information about this shortly,” he said.

Make Your Money Work Better for You

In addition, finance companies including Citigroup, Blackstone and Jefferies Financial Group have said staff can work from home through the holidays, Bloomberg reports, adding that JPMorgan Chase & Co. began requiring vaccines to enter its Manhattan headquarters and moved its January annual health-care conference online.

Morgan Stanley’s CEO James Gorman said his projection about the pandemic subsiding was off.

“I thought we would have been out of it past Labor Day, and we’re not,” Gorman said on CNBC, according to The New York Times.

See: Executives Are 3x More Likely To Want To Return To the Office Than Other Employees — Why the Disconnect?
Find: Amazon Will Let Managers Decide When Employees Return to Office After Jassy Says the Company Needs to Treat Employees Better

Deputy Commissioner for Disease Control at the New York City Health Department Dr. Jay Varma tweeted, “Um, we’ve never seen this before in #NYC. Test positivity doubling in three days.”

More from GOBankingRates:

About the Author

Yaël Bizouati-Kennedy is a former full-time financial journalist and has written for several publications, including Dow Jones, The Financial Times Group, Bloomberg and Business Insider. She also worked as a vice president/senior content writer for major NYC-based financial companies, including New York Life and MSCI. Yaël is now freelancing and most recently, she co-authored  the book “Blockchain for Medical Research: Accelerating Trust in Healthcare,” with Dr. Sean Manion. (CRC Press, April 2020) She holds two master’s degrees, including one in Journalism from New York University and one in Russian Studies from Université Toulouse-Jean Jaurès, France.

Untitled design (1)
Close popup The GBR Closer icon

Sending you timely financial stories that you can bank on.

Sign up for our daily newsletter for the latest financial news and trending topics.

Loading...
Please enter an email.
Please enter a valid email address.
There was an unknown error. Please try again later.

For our full Privacy Policy, click here.