Working from home 'doesn't work for those who want to hustle': JPMorgan CEO
By Elizabeth Dilts Marshall
NEW YORK (Reuters) - Working from home doesn't work for everyone, especially those who want to be "hectic," JPMorgan Chase & Co executive director told a conference in New York on Tuesday.
The largest American bank recently announced to its workers that it expects all US-based employees to be rotated back to the offices by early July, subject to public health regulations that limit office capacity to 50%.
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Bank chief Jamie Dimon said he wanted people to go back to work because working from home "doesn't work for young people".
"It doesn't work for those who want to be hectic. It doesn't work for spontaneous generation of ideas. It doesn't work for culture," Dimon said at a conference hosted by the Wall Street Journal.
Dimon said he is open to some employees who work from home a few days a week. A policy that other banks like Deutsche Bank, HSBC and UBS are reportedly looking into.
Starting May 17, Dimon wants employees to work in the office a few days a week to get used to work again after working from home for over a year during the COVID-19 pandemic.
Dimon's approach to getting used to it, which could involve vaccinating employees, has seen a backlash. Dimon said he received a "nasty email" from an employee's wife who disagreed with the urge to return to work.
"But that's life," Dimon said, saying the bank will be more competitive and work better for customers whose employees meet again in person.
"I think September and October will look the same as before and everyone will be happy with it."
(Reporting by Elizabeth Dilts Marshall. Editing by Mark Potter)
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