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BlackRock and Wells Fargo Delay Return to Office on Delta Concerns

  • Companies delay their plans to October instead of September
  • Variant “raises concerns” for the vaccinated, BlackRock says
BlackRock Headquarters Ahead Of Earnings Figures
Photographer: Jeenah Moon/Bloomberg
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BlackRock Inc. and Wells Fargo & Co. are pushing their return-to-office plans back a month to early October, as Wall Street grapples with rising Covid-19 rates across the U.S.

BlackRock is allowing workers to choose whether or not to come into U.S. offices through Oct. 1, according to a memo. Wells Fargo, with almost 260,000 employees, will now begin bringing back staffers who have been working remotely starting Oct. 4 rather than Sept. 7, as previously announced, according to an internal memo Thursday from Chief Operating Officer Scott Powell.