How JPMorgan is moving closer to 5 days a week in the office
Artur Widak/NurPhoto via Getty Images; Chelsea Jia Feng/BI
- JPMorgan is gearing up to call its workers back to the office five 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 its workers back to the office, which would make it the latest large finance company to return to pre-pandemic working conditions.
Bloomberg News reported on Tuesday that America's biggest bank by assets was developing a new policy that could eliminate remote work. The policy, which has not been announced and is subject to change, would follow Amazon's decision to call its workers back to the office five days a week starting this month.
A spokesman for JPMorgan, which reported having 316,043 workers at the end of September, declined to comment on the company's plans. But he said that roughly 70% of the bank's employees were already back in the office five days a week, while everyone else was back three or four days a week.
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, during a discussion with The Atlantic, Dimon criticized the federal government's remote-work policies, saying he'd "make Washington, DC, 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: Dimon said in a letter to shareholders that 40% of the bank's employees, which then numbered about 270,000, would be permitted to work a few days at home, while about 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 worked in demanding revenue-producing jobs or led back-office departments like technology and compliance.
January 2025: Bloomberg reported that JPMorgan was working on a policy that could call all its workers back to the office five days a week.