Chief executive Jamie Dimon is reportedly ‘set on’ scrapping the hybird working model introduced during the pandemic – with workers asked to return to full-time office working from March
Staff at JP Morgan have been told to “find somewhere else to work” if they don’t like the firm’s new rule that employees must start working in the office five days a week.
Chief executive Jamie Dimon is reportedly “set on” scrapping the hybird working model introduced during the pandemic, with staff asked to return to full-time office working from March. The news hasn’t been taken well by JP Morgan’s 14,000 employees in London, who were told to look for new jobs if they were unhappy with the change.
One investment banker who has been at the firm for almost two years claimed: “Jamie Dimon is set on the fact he wants an in the office model and if people don’t want to be there they shouldn’t be working at JP Morgan. For certain teams there are hybrid models, but my team has the five days a week culture. A lot of people haven’t been happy with the removal of the hybrid model as it reduces flexibility.”
They added that staff at the Canary Wharf office have been allocated a desk and face being shuffled around in March, MailOnline reports. The new rule comes despite an aparent desk shortage at the company’s headquarters in Victoria Embankment. The site is unable to accommodate all staff, so employees will reportedly be returning to the site floor by floor from March.
The firm broke the news to staff on January 10, 2025, saying they re-evaluated the “benefits and challenges” of remote working – and came to the decision that their 22,000 UK employees will no longer be allowed to work from home. The memo read: “Developing effective teams and maintaining a vibrant, healthy culture are clearly key for our success — and we believe best achieved through working together in person. This is why starting in March, we’ll be asking most employees currently on a hybrid schedule to return to the office five days a week.”
It sparked major backlash, with more than 1,000 staff members signing an online petition to demand the firm expand its hybrid working policy. Mr Dimon is said to have hit back at the complaints during a town hall meeting, suggesting those who disagree with the new policy are free to leave, and reportedly said: “I don’t care how many people sign that f****** petition.”
The Mirror has contacted JP Morgan for comment.
