JPMorgan To End Hybrid Work, Requires Staff To Return To Office Full-Time: Report

In April 2023, Jamie Dimon instructed all of JPMorgan's managing directors to return to the office five days a week, regardless of whether they were in high-revenue roles or any other

JPMorgan Chase chairman and CEO Jamie Dimon has been a strong advocate for employees returning to the office

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JPMorgan is set to bring back its employees to the office five days a week, ending the hybrid work arrangement that has been in place since the Covid pandemic, according to a Bloomberg report. At present, the largest US bank mandates a three-day work-from-office policy for many of its over 300,000 global employees. The policy change is expected to be announced in the coming weeks, sources familiar with the matter told the publication, speaking on the condition of anonymity.

A spokesperson for JPMorgan declined to comment on the development but mentioned that about 70 per cent of the bank's employees were already working from the office five days a week, while the remainder worked three or four days a week from the office.

JPMorgan Chase chairman and CEO Jamie Dimon has been a strong advocate for employees returning to the office. The bank was one of the first major employers to implement a return-to-office policy, citing the limitations of remote work. In a statement to Fortune, Dimon emphasized that remote setups hinder "spontaneous idea generation" and are not ideal for effective team management.

In April 2023, Jamie Dimon instructed all of JPMorgan's managing directors to return to the office five days a week, regardless of whether they were in high-revenue roles or overseeing back-office departments such as technology and compliance, according to a report by Business Insider.

Additionally, during an event towards the end of last year, Jamie Dimon highlighted that government employees should also be required to return to the office. He expressed his astonishment at the underutilisation of many government buildings. Referring to his observations, he remarked, "I can't believe, when I come down here, the empty buildings. The people who work for you not going to the office," as quoted by Forbes. Dimon further added, "That bothers me. I don't allow that," underscoring his firm stance on employees working from the office.