Wells Fargo, San Francisco’s second-largest employer, will allow 200,000 employees to continue to work from home until Sept. 6, when more people will have had access to vaccines, The Wall Street Journal reported.
The bank has urged most of its employees to keep working from home through the summer of 2021, even if they have been vaccinated, the newspaper said on March 30, citing a memo circulated to staffers. The report added that at least 60,000 retail and office personnel currently work on site.
In addition, Wells Fargo aims to decrease its real-estate footprint by 15 to 20 percent, according to company reports seen by the WSJ. The bank said the move is not related to the shift to remote work, the newspaper said.
Google also is allowing employees to continue remote-work until September, while Facebook and Uber plan for some employees to return to Bay Area offices next month, according to the San Francisco Chronicle.
Wells Fargo hasn’t decided what the future of its workplace looks like, the Journal reported, citing the memo.