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Financial industry inches back to offices, while Google explores hybrid model

The financial industry’s return to office life has been slow. Large banks are generally urging workers to come back, while hedge funds are not. Private-equity firms and asset managers appear to be taking a middle path. The entire industry employs around 350,000 people in NYC.

  • By the numbers: Just 8 percent of the city’s 1.2 million office workers returned this summer, according to the Partnership for New York City. The nonprofit estimates that since August, the number has ticked up to no more than 15 percent, NYTimes reported.
  • Keeping an eye on tech companiesGoogle is rethinking its long-term work options for employees, as most of them say they don’t want to come back to the office full-time. Sixty-two percent of Google employees want to return to their offices at some point, but not every day, according to a recent company survey. Ten percent of employees — down from 20% surveyed in May — said they don’t want to come into the office at all in the future.
  • Expect other tech companies to explore this hybrid model as well: Earlier in the summer, Google gave staffers the option to work from home through July 2021. That came as Facebook announced a similar timeline, while other companies, such as Twitter, said employees can work remotely “forever.” [CNBC+Time+NYTimes]

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