JPMorgan Chase & Co. told thousands of office workers in its consumer unit that they may plan to continue working remotely until next year, breaking with the company’s Wall Street operations, which required senior traders to go back to work. . . .
The directive, which was communicated to staff in several memos on Monday, applies to most employees of the US-based consumer unit who have been working remotely to help stop the spread of the coronavirus. It excludes workers from branches and some from operations, according to a person briefed on staffing plans. The consumer and community banking unit, which operates primarily in the United States, has 122,089 employees, most of the company’s divisions.
JPMorgan CEO Jamie Dimon has advocated for a broader return to work, saying his company has experienced “alienation” among younger workers and that a prolonged period of working from home could bring long-term economic and social damage. term. finished. finished. finished. He has also expressed concern about productivity among certain groups.
Dimon allows individual business leaders to determine when staff should return to the office, based on guidance from local government and health authorities.
The decision to extend remote work arrangements for many in the consumer unit of the largest U.S. bank comes as the virus continues to spread across the country and as many employees navigate child care issues as some schools operate in. hybrid schedules or adhere to remote learning. At his corporate and investment bank, senior traders were asked to return to their offices last week.
