JPMorgan is telling employees to return to the office five days a week

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Some locations do not yet have the capacity to accommodate the full return of all employees, and the bank will confirm where it can by the end of this month, the company’s executive committee said in an internal memo Friday, confirming an earlier Bloomberg News report. this week.

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“We know that some of you prefer a mixed system and respectfully understand that not everyone will agree with this decision,” committee members said in the memo. “We think it’s the best way to run a company.”

More than half of the bank’s approximately 300,000 employees already come to the offices five days a week. For those affected by the new policy, JPMorgan said it will provide at least 30 days’ notice before a full refund. The option to work from home “as life events occur” will remain, according to the memo.

Aggressive orders forcing workers back into the office in droves are not proving easy to implement. Amazon.com Inc. last year it ordered workers to return five days a week from January, but the company had to delay that date due to thousands of workers returning because there was not enough space in other cities. Some companies have had to remind employees to comply.

“We know that a lot has changed in our workplaces since we returned to the office after the disease, and we realize that it will take time for all our areas to be ready to deal with the five-day-a-week program,” said JPMorgan. The memo said.

Bloomberg.com

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