MASTERCARD LETS STAFF WORK FROM HOME UNTIL PANDEMIC SUBSIDES

Mastercard is letting its employees worldwide to work from home until they are sure that the COVID-19 pandemic is under control, Noor Zainab Hussain of Reuters wrote on May 21, 2020.

Now the world’s second-largest payment processor, Mastercard is also looking at its real-estate footprint and considering consolidating offices, Chief People Officer Michael Fraccaro said. “We expect in the coming weeks and months that more employees will continue to work from home than come into office,” he said. “And we are OK with that. We support that choice.”

While some Mastercard staff have young children or parents to look after, others are concerned about taking public transport to work. “We have stated upfront to all our employees, that it is their choice ... we want them to make the decision on when they feel comfortable returning to the office,” Fraccaro added.

The company employs nearly 20,000 people globally and in its headquarters in Westchester, a New York City suburb. Mastercard owns that property, which it purchased from IBM in 1994. #coronavirusimpact #COVID19