Jamie Dimon Says JPMorgan Won’t Go Remote After the Pandemic

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JPMorgan expects almost all of its bank-branch employees to report back to the office full time after the pandemic, CEO Jamie Dimon said, while perhaps 10% of employees in “very specific roles” will work from home every day

most employees would only be expected in the office three days a week after coronavirus restrictions are lifted.

Most employees learn their jobs through an apprenticeship model, Mr. Dimon said, a setup that is “almost impossible to replicate in the Zoom world.” “And remote work virtually eliminates spontaneous learning and creativity because you don’t run into people at the coffee machine, talk with clients in unplanned scenarios, or travel to meet with customers and employees for feedback on your products and services,”Mr. Dimon said the bank would follow health-authority and government guidance when determining when to bring employees back to physical locations.

Mr. Dimon said changes to JPMorgan’s offices, including more open seating and space-booking tools, will reduce its real-estate needs. Still, the bank is moving forward with plans to build a new headquarters on Park Avenue in Manhattan that would accommodate between 12,000 and 14,000 employees, he said.Plexiglass dividers and floor decals might not be permanent, but the pandemic will bring lasting change to offices.

 

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Working remotely will really force people to see how much of reality/work is just the thoughts in their head (other people’s voices, fear, alive lines, control) vs. what is real and occurs within reality.

I mean that makes sense. The branches have to be open. Odds are the corporate people will continue working from home

There won’t be a JPMorgan in 20 years

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