JPMorgan’s Back-to-Work Policies Over the Years

On By Littum

  • JPMorgan is preparing to call its employees back to the office five days a week, Bloomberg reported.
  • The bank’s CEO, Jamie Dimon, has been an outspoken critic of telecommuting.
  • See how the bank’s return-to-work policy has changed over the years.

JPMorgan Chase may soon call all of its employees back to the office, which would make it the latest major financial firm to return to pre-pandemic working conditions.

Bloomberg News reported Tuesday that America’s largest bank by assets was developing a new policy that could eliminate telecommuting. The policy, which has not been announced and is subject to change, will follow Amazon’s decision to call its workers back to the office five days a week starting this month.

A spokesman for JPMorgan, which reported having 316,043 workers at the end of September, declined to comment on the company’s plans. But he said around 70% of the bank’s staff were already back in the office five days a week, while everyone else was back three or four days a week.

JPMorgan CEO Jamie Dimon has been an outspoken critic of telecommuting, and the company has been calling people back to the office for several years now.

In September, during a discussion with The Atlantic, Dimon criticized the federal government’s telecommuting policy, saying he would “get Washington DC back to work.”

“I can’t believe when I come down here, the empty buildings. The people who work for you don’t go to the office,” Dimon said, adding, “It bothers me. I don’t allow that.”

Here’s a timeline of JPMorgan’s work-from-home policies.

July 2021: JPMorgan began calling workers back to the office on an ongoing basis, focusing on people who worked in bank branches or in investment banking jobs like sales and trading.

April 2022: Dimon said in a letter to shareholders that 40% of the bank’s employees, then numbering about 270,000, would be allowed to work a few days at home, while about 10% could work from home full time. Everyone else was expected to be in the office five days a week.

April 2023: Dimon called all the bank’s CEOs back to the office five days a weekwhether they worked in demanding revenue-generating jobs or managed back-office departments such as technology and compliance.

January 2025: Bloomberg reported that JPMorgan was working on a policy that could call all of its employees back to the office five days a week.