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Employers push off return to office

  • Expecting the virus to be under control by Labor Day, many employers had hoped to bring white-collar workers back to the office next month. But as cases rose in dozens of states throughout the summer, major school districts settled on remote or hybrid instruction, complicating the picture for working parents. Some employers have already scuttled plans to force office workers to return to the office, the Wall Street Journal reported. They include some of the country’s biggest companies. In an August survey of 15 major employers that collectively employ about 2.6 million people, 57% said they had decided to postpone their back-to-work plans because of recent increases in Covid-19 cases. Nearly half said they were putting in additional safety measures for when they reopen, such as redesigned workspaces and temperature checks. (WSJ)
  • Workers in JPMorgan’s corporate and investment bank, an industry heavyweight with 60,950 employees, will cycle between days at the office and at home, keeping the ability to work remotely on a part-time basis The announcement by JPMorgan could pressure other financial firms to offer similar arrangements. (CNBC)
  • Pinterest, a social-sharing site popular for pinning recipes, home inspiration and more, has canceled its large San Francisco office lease with Alexandria Real Estate Equities. The termination fee for the 490,000-square-foot office space at 88 Bluxome is $89.5 million. It will keep its existing offices in the city. (SFGate+Bloomberg)

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