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Goldman, JPMorgan Resume Split Teams at Work in Hong Kong

  • UBS, Bank of America, others are going back to work from home
  • Hong Kong is seeking to prevent a fifth wave of infections
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WATCH: To stem the spread of Omicron, Hong Kong is banning flights from 8 countries including the U.S. and U.K. from Jan. 8-20.Source: Quicktake
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Banks in Hong Kong, including Goldman Sachs Group Inc. and JPMorgan Chase & Co, are once again tightening work rules at their offices and moving into split teams as the detection of the omicron variant threatens a fifth wave of infections in the Asian financial hub. 

In a memo to staff on Thursday, Goldman announced it was moving to split teams with one half working from home over the next two weeks as of Monday. The policy will be in effect until Jan. 21, according to a memo that was confirmed by a spokesman. JPMorgan made similar move, effective on Jan. 7,  according to a memo. The bank will suspend dine-in services at staff cafeterias and provide free take-away meals in the coming two weeks.