‘This is not an employee choice’: The CEO of Morgan Stanley gets real and says employees can’t simply choose to work remotely

TL;DR

But many others, including Disney, NewsCorp, and Starbucks have recently put their foot down and demanded that workers come back into the office.“Five days in the office for everybody is not going to happen again.”The investment bank CEO has been vocal about wanting his employees back in the office since the summer of 2021, when he said at a conference that it was time bank employees in New York made it back to the office.It forced many banks to adopt a softer stance on when they wanted employees to come back to working in person, especially in their New York offices, including Morgan Stanley.During an event in March 2022, he noted that many people had adopted a mindset of “Jobland” where employees just showed up to work to do the job, versus “Careerland,” in which employees learned and developed skills from in-person interactions.Last January, Goldman Sachs asked employees to start making their way back into offices per usual, but one year on, the progress hasn’t been great."

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