JPMorgan Chase & Co., the largest U.S. bank with over 300,000 employees globally, is preparing to mandate a full five-day office workweek, ending hybrid arrangements for thousands of staff.
The policy, expected to be announced in the coming weeks, will replace the current three-day in-office requirement for many employees. Approximately 60% of the workforce, including traders and retail branch staff, already adhere to a five-day schedule. Managing directors have also been subject to this rule since April 2023.
The move underscores CEO Jamie Dimon’s belief that in-person work fosters better collaboration and productivity. While JPMorgan aligns with Goldman Sachs, which also enforces a full-time office presence, it diverges from peers like Citigroup, which maintains a more flexible three-day policy.
The shift back to stricter attendance policies reflects broader tensions in corporate America over the future of work. Companies like Amazon have faced significant hurdles in implementing similar mandates, including delays caused by space limitations and employee resistance.
To support the transition, JPMorgan is building a 60-story tower in Manhattan designed to house up to 14,000 employees. The state-of-the-art facility will include amenities such as yoga and cycling studios, meditation rooms, outdoor spaces, and a high-end food hall, aiming to make the return to the office more appealing.
