JPMorgan Chase started requiring its 300,000-member corporate team to follow new guidelines.
work fully in-person
Earlier this month, although the return-to-office (RTO) policy encountered some resistance,
internal opposition
(more than
1,900 workers
signed a petition advocating for a hybrid work arrangement, JPMorgan proceeded nonetheless.
Currently, according to CEO Jamie Dimon, those who are unhappy about going back to the office mainly consist of individuals in intermediate roles, such as employees working at corporate offices. He mentioned that around 60% of American workers fall into this category where their job responsibilities necessitate physical presence, a figure highlighted by him.
Pew Research
.
“You have UPS and FedEx along with manufacturers, agriculture, hospitals, cities, schools, nurses, sanitation workers, firefighters, and the military,” all operating in-person, Dimon stated.
a recent interview
Along with the Stanford Graduate School of Business, he stated, “These complaints mostly come from people in the middle.”
Related:
JPMorgan Chase CEO Jamie Dimon Regrets Cursing at Company Town Hall But Stands By Return-to-Office Mandate: ‘We’re Not Going to Change’
Dimon noted that the benefits of in-person office conversations will help younger people succeed in their careers.
“All day long we’re talking,” he said. “Constant updates, constant share of information.”
Remote work means young people miss out on these conversations, essentially “leaving them behind,” Dimon said. “I won’t do that.”
CEO of JPMorgan Jamie Dimon. Photographer: Kent Nishimura/Bloomberg via Getty Images
Dimon also mentioned that remote workers often lack focus during Zoom calls and shared a personal experience. During a recent meeting, he noticed that everyone on the video call was busy looking at their phones instead of paying attention when he was talking.
Related:
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Despite the return-to-office mandate, JPMorgan continues to support remote work for about 10% of its positions. These roles remain entirely remote. Additionally, the bank maintains virtual call centers.
Baltimore
and
Detroit
that together have over 100 telecommuting employees.
According to
Bloomberg
, 60% of JPMorgan staff, including managing directors and salespeople, were already at the office five days per week. The switch to fully in-person work took effect last week and impacted back-office staff who previously worked on a hybrid schedule.
Related:
JPMorgan Chase Chief Executive Officer Jamie Dimon Is Unconcerned About AI Stealing Employment — And This Is Why
