JPMorgan CEO Jamie Dimon lays out return-to-office plans

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4/7/2021 5:11:00 PM

JPMorgan CEO Jamie Dimon says remote work can undermine the 'character' of a company and lays out the bank's plans for the future of the office

Business Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.

Mike Blake/ReutersBecome an Insiderand start reading now.JPMorgan CEO Jamie Dimon said remote work has many drawbacks and that he's ready to return to the office.Interns and new employees are most negatively affected by remote work, he said.Dimon laid out his return-to-office plans in his annual shareholder letter.

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See more stories on Insider's business page.Wall Street's biggest bank is itching to return to the many benefits of in-person work, but its influential CEO said he's also planning for some increased flexibility in the office.JPMorgan CEO Jamie Dimon said that

Zoomslows down decision-making by hindering immediate follow-ups and that virtual work eliminates spontaneity. It also disproportionately affects new employees who don't know one another and young bankers, who traditionally learn in an apprenticeship model.

"Over time, this drawback could dramatically undermine the character and culture you want to promote in your company," the chief executive wrote in his annual letter to shareholders, which the bank released on Wednesday.Dimon didn't provide a timeline or specifics, but he said that most JPMorgan employees will eventually return to the office full-time. But the future of work will look different at the bank: Dimon left the door open for some employees to work from home part-time and said that up to 10% of employees in"very specific roles" may soon be entirely remote.

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I'd like to see the research that went into this statement. I'm pretty sure there was none and he's just an old dude who wants things back to the way they were. Times change!! this statement is coming from an old dude .. things are a changin' 🙄