Dimon’s demands | JPMorgan to order staff back to office five days a week

JPMorgan is planning to order staff back to the office full-time, upping requirements for many of the bank’s 300,000 global employees from three days to five days a week.

According to a Bloomberg report, 60% of its workforce currently work on-site five days a week, including managing directors, traders, and retail branch workers, following rules introduced in April 2023.

However, such a mandate would in theory bring tens of thousands of JPMorgan staff back to the office more frequently, ending their remote work flexibility. It would also make the bank the latest major financial institution to return to its pre-pandemic in-office policy.

JPMorgan to call all employees back to the office full-time?

Bloomberg revealed the planned changes in a report published Tuesday, citing people familiar with the matter—but caveated that the new mandate is yet to be publicly confirmed and could still change.