American financial services firm – Goldman Sachs has asked its critical staff in Bengaluru to go back to working from home as the city witnessed a rise in coronavirus cases.
“This hasn’t come as a surprise given how coronavirus cases have been rising in the city, specifically in the area where the office is located. There’s no word on how long the work-from-home will continue but my guess is that we won’t be returning to office for the next three to four months,” an employee informed.
The Goldman Sachs Group, Inc. is a global financial institution that delivers a range of financial services across investment banking, securities, investment management and consumer banking to a client base that includes corporations, financial institutions, governments and individuals.
Founded in 1869, the firm is headquartered in New York and maintains offices in major financial centers around the world.
Previously this week, the company has announced that it has committed an additional $500 million to investing in diverse businesses and funds through its Launch With GS initiative, doubling its original commitment for a total of $1 billion.
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.