Up to 30% of JPMorgan staff will work from home on rotating basis: Jamie Dimon

JPMorgan Chase CEO Jamie Dimon estimated that 20 to 30% of staff will work from home on a rotating schedule due to the coronavirus pandemic, while recently speaking at the Sibos financial conference.

“There will be some permanent work from home. People who work from home will permanently rotate or have a schedule three days in, two days out,” Dimon said on Monday. “I don’t think it will be 100% of the population. It will be 20-30% or something like that. It’s got to work for the companies and the clients.”

JPMORGAN NEARS $1 BILLION SPOOFING FINE

JPMorgan Chase employees have been working on such a rotation starting this fall, although only a quarter are back in its New York City offices. The company thinks such a system will save on real estate and public transportation as well

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JPMorgan to let most consumer staff work from home until 2021: Bloomberg News

(Reuters) – JPMorgan Chase & Co told thousands of workers across its consumer unit that they could plan to work from home until next year, Bloomberg News reported on Monday, citing memos sent to the bank’s staff.



a store front at night: FILE PHOTO: People walk inside JP Morgan headquarters in New York


© Reuters/Eduardo Munoz
FILE PHOTO: People walk inside JP Morgan headquarters in New York

The directive applies to most of JPMorgan’s U.S.-based employees in the consumer unit and excludes branch workers and some in operations, according to the report.

JPMorgan did not immediately respond to a request for comment.

Earlier this month, Bloomberg reported that the bank had sent its Manhattan workers home after an employee in the equities trading division tested positive for COVID-19.

JPMorgan executives had previously told managing directors and some executive directors within its sales and trading operation that they must return to the office by Sept. 21.

(Reporting by Abhishek Manikandan in Bengaluru; Editing by Devika Syamnath)

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JPMorgan Says Most Consumer Staff to Work From Home Until 2021

(Bloomberg) — JPMorgan Chase & Co. told thousands of office workers across its consumer unit they can plan to continue working remotely until next year, breaking with the firm’s Wall Street operations, which mandated that senior traders return to work.



a man standing next to a glass door: A person wearing a protective mask enters JPMorgan Chase & Co. headquarters in New York, U.S., on Monday, Sept. 21, 2020. JPMorgan CEO Dimon has made the case for a broader return, saying his firm has seen "alienation" among younger workers and that an extended stretch of working from home could bring long-term economic and social damage.


© Bloomberg
A person wearing a protective mask enters JPMorgan Chase & Co. headquarters in New York, U.S., on Monday, Sept. 21, 2020. JPMorgan CEO Dimon has made the case for a broader return, saying his firm has seen “alienation” among younger workers and that an extended stretch of working from home could bring long-term economic and social damage.

The directive, which was communicated to staff in several memos Monday, applies to most U.S.-based employees in the consumer unit who have been working remotely to help stem the spread of the coronavirus. It excludes branch workers and some in operations, according to a person briefed on the staffing plans. The

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