Wells Fargo & Co. (NYSE: WFC) has once again delayed its return-to-office plans until Nov. 1, according to an internal memo viewed by the Charlotte Business Journal.
Operations and contact center employees will start a phased return at that time, a process that will stretch over several weeks. Business support and enterprise roles will follow in December, the memo said.
These changes come as Covid-19 cases continue to rise nationwide, with the Delta variant driving the spike among the unvaccinated population. Last week, President Joe Biden signed an executive order to set Covid-19 protocols for federal employees, which may involve required vaccination. Biden has also asked the Occupational Safety and Health Administration to temporarily require employers with 100 or more employees to mandate vaccines or weekly proof of negative tests.
"We are studying these proposed requirements to better understand how they apply to our RTO plans, and will share more information when it is available," the memo stated.
San Francisco-based Wells Fargo had already pushed return-to-office plans from early September to mid-October. The bank has said it believes in-person work on a regular basis is beneficial for relationship building, coaching and brainstorming. However, it is looking to bring more flexibility to the work environment.
Total deposits as of June 30, 2020
| Rank | Prior Rank | Name |
|---|---|---|
1 | 1 | U.S. Bancorp |
2 | 2 | Wells Fargo Minnesota |
3 | 3 | Bremer Financial Corp. |
