The days of flexible working at Moelis & Co. appear to be officially over. In a striking return to pre-pandemic norms, the boutique investment bank has announced that employees must return to the office five days a week starting in May. The policy reversal, revealed in a recent internal memo, will impact more than 1,300 staff members. It follows similar mandates from firms like JPMorgan Chase and Lloyds Banking Group, who have also reinstated full-time office requirements in a bid to boost productivity amid economic headwinds.
