At Morgan Stanley, executives are adjusting expectations for returning to offices. Chief Executive Officer James Gorman told a conference in June that he would be “disappointed” if people weren’t back by the Labor Day holiday in September. But the firm has held off on setting a deadline, and Tuesday’s memo struck a more patient tone.
“In the coming weeks, we will continue to evaluate the best and safest way to get the majority of our employees working in the office, recognizing that this step may take longer than we originally anticipated,” the bank said.
—With assistance from Tom Metcalf.
This article was provided by Bloomberg News.