© Reuters. FILE PHOTO: JPMorgan Chase CEO Jamie Dimon speaks on the North America’s Constructing Trades Unions (NABTU) 2019 legislative convention in Washington, U.S., April 9, 2019. REUTERS/Jeenah Moon


By Elizabeth Dilts Marshall

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

The biggest American financial institution not too long ago informed it employees that it expects all U.S.-based staff 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 residence “does not work for younger individuals.”

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

Dimon stated he’s open to some staff working from residence a couple of days every week, a coverage different banks like Deutsche Financial institution (DE:), HSBC and UBS are reportedly exploring.

However beginning on Could 17, Dimon stated he desires staff financial institution within the workplace a couple of days every week to reacclimate themselves to the office after working from residence for over a yr in the course of the COVID-19 pandemic.

Dimon’s “get used to it” method, which may embody requiring staff 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 can be extra aggressive and work higher for shoppers with staff assembly in particular person once more.

“In my opinion, September, October, it’ll look identical to it did earlier than and everybody’s going to be proud of it.”

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