Mastercard Inc has allowed its workers not to return to work until they are comfortable that the Coronavirus situation is under control with vaccines or precautionary measures, a senior executive told.
Mastercard, the world’s largest payment processor, 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.”
Some of the payment processors’ employees have young children or aged parents, 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,” he said.
The company employs nearly 20,000 people globally, with its main headquarters in Westchester, a New York City suburb. Mastercard owns that campus, which it purchased from IBM in 1994.