JPMorgan Chase will join competitor Goldman Sachs in requiring workers to be in the office five days a week, Bloomberg reported Tuesday — suggesting the policy may be becoming the new norm for financial services companies.
HR Dive reached out to JPMorgan for confirmation and did not hear back by the time of publication.
The news may come as no surprise, as JPMorgan CEO Jamie Dimon has been notably vocal in praising in-person work. During the Atlantic Festival in Washington last September, Dimon vowed to “make Washington, D.C. go back to work.”
In 2023, Dimon notably said in an interview: “In general, there’s nothing like face-to-face.”
About one in five workers say they’re ignoring return-to-office rules — but that doesn’t fly at every workplace. Amazon CEO Andy Jassy said in August 2023 that if 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, according to KPMG reporting.
