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JPMorgan Chase to require workers to return to office in July

April 27, 2021 by Abbie Falpando-Knepp

Rotations will be subject to a 50% occupancy cap, until U.S. authorities revise their social distancing guidelines, the memo said. It advised workers that “with this timeframe in mind you should start making any needed arrangements to help with your successful return.”

Industry leaders have been girding for a return to offices since the earliest months of the pandemic last year. Dimon, who’s been going into the office since June, said in September that he sees economic and social damage from a longer stretch of working-from-home. Goldman Sachs Group Inc. CEO David Solomon earlier this year labeled the arrangement an “aberration” that needs to be fixed.

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Prospects for returning to offices have gotten clearer in recent weeks as the vaccines have proliferated across the U.S. Citigroup Inc. has said it will start inviting more workers into the office beginning in July, while Wells Fargo & Co. said it hopes for a “more normal operating model” in September. Summer interns at JPMorgan and Goldman will be able to work from the offices, Bloomberg has reported.

“We firmly believe that working together in person is important for our culture, clients, businesses and teams, and we know that you’ll do your part to make it a positive experience that reflects our company at its best,” the firm’s leaders wrote in the memo.

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Filed Under: REAL ESTATE

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