Banking

Mastercard maps out plans to return U.S. workers to offices

Mastercard will soon bring workers back to its New York City office at least two days a week.

The payments giant also plans to open its Arlington, Virginia, office to more workers after already inviting more staff back its Sydney and Dubai offices, Chief Executive Michael Miebach said in a memo to staff Wednesday. For most locations across the U.S., the company hopes to have workers in by September.

“Human connection is such an important part of who we are and what we do,” Miebach said in the memo. “With that in mind, I want to bring us back together. And it starts by returning to the office.”

The company’s initial expectation is that workers will return at least two days a week, giving workers flexibility “to manage the transition in your personal life,” according to the memo. Mastercard plans to increase employees’ time in the office to three or more days a week “as the situation improves.”

As more and more people receive COVID-19 vaccines, New York’s biggest employers are unveiling plans to bring workers back to offices more than a year after sending them home to stem the spread of the pandemic. Mastercard, based in Purchase, New York, has been planning a new site in Manhattan’s Flatiron District for a technology hub that will create almost 500 new jobs in the coming years.

The company, which recently committed $10 million to efforts to fight COVID-19 in India, said it will continue to encourage vaccination efforts. Workers in the U.S. can self-report their vaccination status to the company, Miebach said.

“I look forward to seeing you over coffee chats and unexpected run-ins,” Miebach said.



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