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Salary Cut if you work remote...


r2d2

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'If you can go out to eat, you can come back to work': Morgan Stanley CEO wants NYC staff back in the office full time by Labor Day and anyone who does NOT could face a salary cut

  • Gorman said on Monday he'll be 'very disappointed' if staff don't come back voluntarily by Labor Day 
  • So far, Morgan Stanley hasn't mandated that anyone has to come back full-time
  • That will change if people refuse, he said, and those who have left NYC for cheaper salaries can expect pay cuts if they want to work remotely 
  • Gorman said the situation in NYC, where all COVID restrictions are about to be lifted, is unlike in India and the UK 
  • He hasn't mandated that staff be vaccinated before they return but says 90% of those who have come in are vaccinated
  • He said if people refuse to get vaccinated because of health or religious reasons, there'll be a 'conversation' about it
  • In NYC & San Francisco, only 21 percent of people have gone back to the office 
  • But nearly 50 percent have returned in Austin, Dallas and Texas 
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36 minutes ago, r2d2 said:

'If you can go out to eat, you can come back to work': Morgan Stanley CEO wants NYC staff back in the office full time by Labor Day and anyone who does NOT could face a salary cut

  • Gorman said on Monday he'll be 'very disappointed' if staff don't come back voluntarily by Labor Day 
  • So far, Morgan Stanley hasn't mandated that anyone has to come back full-time
  • That will change if people refuse, he said, and those who have left NYC for cheaper salaries can expect pay cuts if they want to work remotely 
  • Gorman said the situation in NYC, where all COVID restrictions are about to be lifted, is unlike in India and the UK 
  • He hasn't mandated that staff be vaccinated before they return but says 90% of those who have come in are vaccinated
  • He said if people refuse to get vaccinated because of health or religious reasons, there'll be a 'conversation' about it
  • In NYC & San Francisco, only 21 percent of people have gone back to the office 
  • But nearly 50 percent have returned in Austin, Dallas and Texas 

Same thing they told in my wife workplace, reducing salary based on location anta. Not a bad option than to live in costly and cramped cities.

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Now it is not about safety .. it is about the amount of stress you bear and time you put into just to get to office ... daily 2 hours just to travel 😩

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will take a cut if I can work remote always , saves me time , commuting charges , eating out during lunch etc , easily time + 400$ post tax money per each month..

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