Zarah ChoudharyJPMorgan Chase & Co. is preparing to end its hybrid-work model and require employees to return to the office five days a week, according to sources speaking to Bloomberg.
The policy change, expected to be announced in the coming weeks, will replace the current three-day office mandate for many staff members and return the bank to the pre-pandemic office attendance requirements.
Currently, around 60% of JPMorgan’s workforce, including traders and retail branch employees, already work in the office five days a week.
Under the new plan, the requirement will be extended to all employees, signalling a shift towards a more traditional office environment.
The decision is consistent with CEO Jamie Dimon’s stance that in-person work fosters greater collaboration and productivity.
The move to a full-time office mandate contrasts with policies at other financial firms, some of which have embraced more flexible working arrangements.
Goldman Sachs has pushed for a five-day office work week, while Citigroup has maintained a policy allowing employees to work from home three days a week.
In addition to the return-to-office policy, JPMorgan is investing in its office space, constructing a 60-story skyscraper in midtown Manhattan, which will house up to 14,000 employees.
The building will include amenities such as yoga and cycling rooms, meditation spaces, outdoor areas, and a food hall.
Workplace Journal reached out to JP Morgan for comment prior to publication.
