Jefferies Group (NYSE:JEF) has asked its staff to return to office on a more regular basis as the company attempts to eliminate its investment-banking backlog.
A memo to staff noted the company did not have any issue with employees working from home on a part-time basis, but would prefer senior bankers be in the office to motivate their junior counterparts.
Having its staff back at the office rather than working in "lonely home silos" would benefit the firm during the final quarter, chief executive Richard Handler said in the memo.
"As long as Covid continues to be manageable, we need everyone back in our offices on a consistent basis so we can truly maximise our fourth and final quarter and the future that is ahead," Handler said, reports Reuters.
"Let's all just appreciate that together, rather than in lonely home silos, we can do our best to close out the year the right way."
The outbreak of the highly contagious Omicron variant of Coronavirus earlier this year derailed plans of Wall Street's biggest financial firms to return to the office.
Goldman Sachs (NYSE:GS) called its employees back to work full time in June last year, while Morgan Stanley (NYSE:MS) and JPMorgan Chase & Co (NYSE:JPM) are mostly back to work as well, though Citigroup Inc (NYSE:C) has a hybrid arrangement.
Goldman is expected to lift pandemic-era protocols as of September 6, allowing employees to enter its Americas offices regardless of their vaccination status, except in New York City and Lima, reports Reuters.
A memo issued by Morgan Stanley last week also informed its New York metropolitan employees that Covid testing and monitoring will cease on September 5.