Moelis & Co. has announced the end of its hybrid work model, requiring employees to return to the office five days a week starting in May. This shift follows a series of similar moves by other Wall Street firms as they reverse pandemic-era policies. The decision underscores growing economic uncertainties and diminished hopes for a recovery in dealmaking. Previously, CEO Ken Moelis championed flexibility, but pressures for normalcy are mounting. This change may lead to employee unrest, recalling similar responses from workers at other banks to strict return mandates.
Moelis is calling its employees back to the office full-time, marking a shift from its COVID-era hybrid work policy, effective in May.
The mandate for a five-day return to the office reflects broader Wall Street trends and responses amidst economic uncertainties.
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