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‘I Was Wrong’: Omicron Wrecks CEOs’ Plans for Office Return

  • Banks face rising cases, tech firms give up on set timelines
  • Latest upheaval collides with holiday travel and gatherings
Healthcare workers administer tests at a Covid-19 testing tent outside a Bay Area Rapid Transit (BART) station in the Mission District of San Francisco.
Healthcare workers administer tests at a Covid-19 testing tent outside a Bay Area Rapid Transit (BART) station in the Mission District of San Francisco.Photographer: David Odisho/Bloomberg
Updated on

Just as it seemed like corporate America was on a path toward normalcy, a new wave of Covid uncertainty is upending business plans from Wall Street to Silicon Valley.

Manhattan holiday parties are being canceled and banks are contending with fresh outbreaks as the omicron variant spreads. Citigroup Inc. said staffers in the New York City metropolitan area can work from home through the holidays, with hedge-fund firm Citadel issuing similar guidance. JPMorgan Chase & Co. shifted its big San Francisco health-care conference online after major biotech companies pulled out of the event.