J.P. Morgan Chase & Co. will join competitor Goldman Sachs in requiring workers to be in the office five days a week, according to a Bloomberg report — suggesting the policy may be becoming the new norm for financial services companies.
HR Dive reached out to J.P. Morgan for confirmation and did not hear back by the time of publication.
The news may come as no surprise, as J.P. Morgan CEO Jamie Dimon has been notably vocal in praising in-person work. During the Atlantic Festival in Washington D.C. last September, Dimon vowed to “make Washington, D.C. go back to work.”
Back in 2023, Dimon notably said in an interview: “In general, there’s nothing like face-to-face.”
About 1 in 5 workers say they’re ignoring return-to-office rules — but that doesn’t fly at every workplace. CEO Andy Jassy said in August 2023 that if Amazon workers can’t commit to coming in person, it’s “probably not going to work out.” Joining the likes of Zoom and Meta, Goldman Sachs also allegedly applied pressure on workers to RTO.
Many have warned against all-or-nothing work arrangements, however, underscoring how RTO leads to employee dissatisfaction in an increasingly grim labor climate. Experts also note that such hard-line mandates can also signal employer mistrust.
Still, Dimon and other finance CEOs are not an anomaly: 83% of chief business leaders are expecting a full return to office by 2027, per KPMG reporting.