American Express CEO Says Most Employees Will Work Remotely for the Rest of 2020
Don't expect to see most employees of American Express (NYSE: AXP) back at the office anytime soon. Steve Squeri, CEO of the payment card giant, has announced in a video message to employees that the majority of them will continue to work remotely through the end of this year.
Although the company wants to phase in an eventual full return once the coronavirus pandemic subsides, it doesn't yet have a timetable for doing so. Once it begins this migration, it expects the process to take a number of months in a majority of its locations.
An airport lounge with American Express branding. Like the company's offices worldwide, it's looking pretty deserted. Image source: American Express.
Source Fool.com