40+ Major Corporations’ Return to Office Dates

AlphaSense Analyst

This week, Google made headlines when they announced the extension of their work-from-home option through July 2021. As case counts continue to surge in many states, companies are continuing to evaluate and adapt their return to office policies to keep up with the latest public health recommendations from the CDC. While some companies have started a phased return, others have announced their intention to allow employees to work from home indefinitely. 

AS-Blog-return-to-work-chartSource: AlphaSense Data, Return to Office: Remote Work & Return to Office keyword searches found in Press Releases and News

Financial institutions are planning for a return after Labor Day. Major tech players have taken a different approach and extended their work from home until January, or have adopted a remote-first approach, allowing for permanent remote work. 

 

Uncertainty remains

While some companies have made public commentary on their proposed return to office dates, countless others are more guarded with their approach. Some of these companies have spoken about their intention to explore the possibility for greater numbers of remote employees in the long-term or allowing for flexibility for their employees to work remotely on a more regular basis, while others have simply spoken to the continued productivity of their workforce. Morgan Stanley analyzed over 700 occupations and found that the number of people who could work from home is nearly 55% in San Francisco and ~40% in New York. The US, overall, is around 30%.

Below we’ve compiled a list of companies that have made public their return-to-work dates and a selection of commentary showcasing how leaders are speaking in uncertain terms about their return to work policies.

 

Q2 2020 Moody's Corp Earnings Call - 7/30

The program is COVID-19-related in that we've assessed our real estate footprint given the success during the pandemic and, of course, the degree to which we can continue to be more flexible on work-from-home arrangements post-COVID-19.

 

Q2 2020 Northrop Grumman Corp Earnings Call - 7/30

And now as we see new outbreaks of coronavirus in our community, we continue to prioritize the safety and well-being of our team. This includes flexible work schedules, teleworking, child care assistance and stringent operating protocols aligned with CDC guidelines to help protect our employees and their loved ones. 

 

Q2 2020 Stanley Black & Decker Inc Earnings Call - 7/30

And going forward, remote and hybrid office remote work, will facilitate flexible working arrangements for our salaried people, enabling the reduction of our office real estate footprint, opening up new access to talent across the globe. And as we move forward, we will continue to have offices as activity hubs. However, there will be many associates who will continue to work remotely by choice and only be in the office when necessary or convenient.

 

Q2 2020 Boeing Co Earnings Call - 7/29

For all of our employees whose jobs can be done effectively from home, we continue to implement virtual working arrangements. We believe we've put effective processes in place that enable our facilities to be as safe or safer than their respective communities.

 

Q2 2020 Norfolk Southern Corp Earnings Call - 7/29

All employees who can work remotely continue to do so. For employees whose responsibilities require them to work on site, we are following CDC guidelines.

 

Q2 2020 S&P Global Inc Earnings Call - 7/28

We're still largely all working from home. We have developed plans to return to the office in a way that best suits our business and our employees when conditions permit. Because we're fortunate enough to be able to work remotely and continue to deliver the highest value to our customers, we will only move forward with these plans when we're comfortable and confident in our ability to support all of our employees and clients in a safe environment. More to come on how we were doing this.

 

Q2 2020 TransUnion Earnings Call - 7/28

To that end, globally, we have -- we continue to have almost every one of our 8,000 employees working from home. There's no need for us to rush back into our offices as our associates have demonstrated the flexibility to work remotely and run our business with virtually no interruption.

 

Company

Sector

Expected Return to Office

Policy

Goldman Sachs

Financials

June 2020

A small number of employees reported back to offices in New York, Jersey City, Dallas and Salt Lake City beginning Monday, June 22

Morgan Stanley

Financials

July 2020

Employees’ return to U.S. offices will be sometime after the the July 4 weekend.

Enterprise Products Partners

Energy

July 2020

We started out the quarter with much of our headquarter staff working from home. But over the last few weeks, we've been gradually bringing our headquarters personnel back into the office and are essentially staffed at this point, fully staffed.

Chubb Limited

Financials

July 2020

A substantial portion of our international staff is back in the office on any given day. This includes most of Asia Pacific where about 50% are back in the office; and in some countries, 100%; Europe, where with the exception of Spain and Italy, 25% are back. And while the U.K. remained closed, we expect about 20% to 25% to return in August. We have been ready to begin a return to office in the U.S. but took a pause, given the increase in infection rates in many parts of the country. Among developed countries in the world, the U.S. stands out in its inability to manage the health crisis on a national basis

Interpublic Group of Companies

Communication Services

July 2020

Today, that is more varied, reflecting conditions that have changed in some markets more than others. Around 50% of our people in Asia are back in the office, at least some of the time; 30% to 40% in Europe; around only 10% in the U.S. and U.K.; and less than that in Lat Am.

EY

Professional Services

September 2020

Offices would reopen from September 7, but on a reduced capacity basis'.

AstraZeneca

Healthcare

September 2020

They will not start returning until September, when a phased approach' will begin.

PwC

Professional Services

September 2020

Only around 50 per cent will have returned by the end of September under current plans.

UBS

Financials

September 2020

A third of its 70,000 could go remote for good

Wells Fargo

Financials

September 2020

We plan to have employees who are currently working from home continue to do so until at least September.

Helen of Troy

Consumer Discretionary

September 2020

We expect those working from home to continue to do so until at least September, depending how practices -- best practices and government guidelines unfold regarding return to office environments and to travel.

CDW Corp

Information Technology

September 2020

We are certainly having our team stay at home through August, and then we'll make decisions going forward.

Capital One

Financials

September 2020

Capital One has reportedly told tens of thousands of its employees they'll be home at least through Labor Day

HSBC

Financials

September 2020

HSBC told its employees that most staff will not return to the office before September

Microsoft

Information Technology

October 2020

Plans to reopen its offices in phases starting this October,

Verizon Media

Communication Services

October 2020

“As of now, most of Verizon Media’s employees in the U.S. will remain in a work from home situation through the end of September.

Church & Dwight Co

Consumer Staples

October 2020

And the people who are working remotely won't be returning until October, so we kind of already made that decision.

Barclays

Financials

October 2020

Other staff will continue to work remotely at least until the end of September,

Snapchat

Communication Services

October 2020

The company is now telling employees they can work remotely at least through September, and it’s assessing when and how to reopen safely.

Salesforce

Information Technology

January 2021

Salesforce will give all employees the option to work from home for the rest of the year, regardless of when their local office location opens up

NatWest

Financials

January 2021

They will continue to work from home until 2021 because we're prioritising customer and colleague health and wellbeing.'

KPMG

Professional Services

January 2021

We anticipate that the majority of our people will work from home for the majority of 2020.'

The New York Times

Communication Services

January 2021

No employee will be required to return before January if they do not feel comfortable doing so,

Amazon

Information Technology

January 2021

Will allow employees who can work from home to do so through Jan. 8, 2021

Apple

Information Technology

January 2021

Those working remotely should plan on doing that until 2021

Uber

Industrials

January 2021

Reportedly continue to work from home until December.

Petroleo Brasileiro

Energy

January 2021

Extended its work from home (WFH) program through December 31 to protect employees from the COVID-19 virus.

CNN

Communication Services

January 2021

We expect that the majority of you will not be able to return to our offices this calendar year.”

Zillow

Information Technology

January 2021

Staff can work from anywhere through the end of 2020.

Ford

Industrials

January 2021

For the remainder of this year, white- collar workers have the option to work remotely, in the office or a combination of both, Ford said.

Mercedes-Benz

Industrials

January 2021

Mercedes-Benz USA has ordered its 875 headquarters employees to work remotely for the remainder of the year.

Box

Information Technology

January 2021

Box employees will be able to work “from anywhere” until at least January of 2021.

Bank of Nova Scotia

Financials

January 2021

Our head-office employees that are currently working remotely have been informed that the majority of them will continue to do so until 2021

Edison International

Utilities

January 2021

SCE remains steadfast in focusing on practices aimed at the safety and health of employees and customers. 2/3 of our 13,000 employees continue to telework, and we recently moved our earliest reentry date for them from after Labor Day to the beginning of next year.

Alphabet

Communication Services

July 2021

We are extending our global voluntary work from home option through June 30, 2021 for roles that don't need to be in the office

Slack

Information Technology

Indefinite

Does not have a date for when offices will reopen for limited use. In the meantime, most of its employees can now work from home permanently.

Twitter

Communication Services

Indefinite

Will allow its employees to work from home “forever”

Square

Information Technology

Indefinite

Will allow its employees to work from home “forever”

Facebook

Communication Services

Indefinite

Anyone who can work from home is welcome to do so at least through 2020,” and that in 10 years, he expects 50% of his company’s workforce to be remote.

Shopify

Information Technology

Indefinite

Offices will be closed until 2021 and after that, most employees will be remote in a permanent capacity.

Openheimer Holdings

Financials

Indefinite

We currently anticipate that a large number of our employees will continue to work remotely for the indefinite future.

Stanley Black & Decker

Industrials

Return by choice

And as we move forward, we will continue to have offices as activity hubs. However, there will be many associates who will continue to work remotely by choice and only be in the office when necessary or convenient.

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