- JPMorgan is gearing up to call its workers back to the office 5 days a week, Bloomberg reported.
- The bank’s CEO, Jamie Dimon, has been an outspoken critic of remote work.
- See how the bank’s return-to-work policies have changed over the years.
JPMorgan Chase may soon call all of its workers back to the office, marking the latest large finance company to return to pre-pandemic working conditions, according to a report.
According to Bloomberg News, America’s biggest bank by assets is developing a new policy that could eliminate remote work entirely. The policy, which has not yet been announced and is subject to change, follows Amazon’s decision to call its workers back to the office five days a week starting this month.
A spokesman for JPMorgan, which reported 316,043 workers as of the end of September, didn’t immediately return a request for comment.
JPMorgan CEO Jamie Dimon has been an outspoken critic of remote work, and the company has been calling people back to the office for several years now.
In September, Dimon criticized the federal government for its remote work policies during a discussion with The Atlantic magazine in Washington, D.C., saying that he’d “make Washington, D.C., go back to work.”
“I can’t believe, when I come down here, the empty buildings. The people who work for you not going to the office,” Dimon said, adding: “That bothers me. I don’t allow that.”
Here’s a timeline of JPMorgan’s work-from-home policies:
July 2021: JPMorgan started calling workers back to the office on a rolling basis, focusing on people who worked in bank branches or in investment-banking jobs like sales and trading.
April 2022: CEO Jamie Dimon said in a letter to shareholders that 40% of the bank’s employees, which then numbered around 270,000, would be permitted to work a few days at home. The remaining 10% could work from home full-time. Everyone else was expected to be in the office five days a week.
April 2023: Dimon called all of the bank’s managing directors back to the office five days a week, whether they work in demanding revenue-producing jobs or lead back-office departments like technology and compliance.
January 2025: Bloomberg reported that JPMorgan is working on a policy that could call all of its workers back to the office five days a week.
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