Working from dwelling ‘does not work for individuals who wish to hustle’: JPMorgan CEO


By Elizabeth Dilts Marshall

NEW YORK (Reuters) – Working from dwelling doesn’t work for everybody, particularly those that need “to hustle,” JPMorgan Chase & Co’s chief govt stated on Tuesday at a convention in New York.

The biggest American financial institution lately advised it employees that it expects all U.S.-based workers again in places of work on a rotational foundation by early July, topic to present public well being guidelines limiting workplace capability to 50%.

Financial institution CEO Jamie Dimon stated he desires individuals again at work as a result of solely working from dwelling “does not work for younger individuals.”

“It does not work for individuals who wish to hustle. It does not work for spontaneous concept era. It does not work for tradition,” Dimon stated at a convention hosted by the Wall Avenue Journal.

Dimon stated he’s open to some workers working from dwelling a number of days every week, a coverage different banks like Deutsche Financial institution, HSBC and UBS are reportedly exploring.

However beginning on Could 17, Dimon stated he desires workers financial institution within the workplace a number of days every week to reacclimate themselves to the office after working from dwelling for over a yr through the COVID-19 pandemic.

Dimon’s “get used to it” method, which might embrace requiring workers get vaccinated, has confronted a backlash. Dimon stated he acquired a “nasty e mail” from an worker’s spouse who disagreed with the push to return to work.

“However that is life,” Dimon stated, saying the financial institution will probably be extra aggressive and work higher for purchasers with workers assembly in particular person once more.

“For my part, September, October, it would look identical to it did earlier than and everybody’s going to be pleased with it.”


(Reporting by Elizabeth Dilts Marshall. Modifying by Mark Potter)

(Solely the headline and film of this report might have been reworked by the Enterprise Normal workers; the remainder of the content material is auto-generated from a syndicated feed.)

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