Atlanta & Southeast News In Your Inbox

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Atlanta & Southeast  + Carolinas  + Office  | 
B of A warns at-home workers

Charlotte’s B of A Warns At-Home Workers

In what must be considered a positive omen for office building investors, Charlotte-based Bank of America Corp., America’s second-largest bank, has sent letters out to home-office employees, urging them to get back to work, in the office. Employees were given two weeks to comply.

According to the Financial Times, the “letters of education” informed the banking giant’s staff they could face consequences if they continued not to follow the bank’s return-to-office mandate.

BofA’s push for employees to return to the office comes as many companies are shifting back to a pre-pandemic working environment, despite various studies showing workers favor flexible work models or the ability to work remotely over working in an office setting. Citi and Chase have sent employees a similar warning letter.

Connect

Inside The Story

Letters

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

  • ◦Policy/Gov't