JP Morgan has returned his 14,000 employees to the office full-time to the office to discover that it does not have enough agencies to accommodate them.
The American investment bank, which operates from Canary Wharf and the city, is now climbing to increase its office space after his hybrid work policy, so that the staff could work at home three days a week.
The decision, set out in a memo in January, led to internal recoil, in which more than 1,000 employees sign a petition that encourages management to restore flexible works. In response, the bank’s leadership acknowledged that some employees “prefer a hybrid schedule”, but stated that the shift to full -time office work was now necessary.
“We have been out of the Pandemie for a few years now and have had the time to evaluate the benefits and challenges of external and hybrid works,” the memo was. “The benefits of personal collaboration are considerable and irreplaceable, and as we spend more time together, we get more benefits.”
Chief Executive Jamie Dimon made his position clear during a town hall meeting on Wednesday and reportedly told employees: “I don’t care how many people that petition sign.” He added that those who were not satisfied with the policy were free to leave.
JP Morgan’s Glasgow Office, which was opened in April last year, will be the first British basis to force the five -day return for its 2,700 employees, with other British offices in Edinburgh, Manchester, Leeds and Bristol who will probably follow the example.
JP Morgan joins a growing number of companies that demands that employees return to the office more often. Amazon, Meta, Starbucks and Dell have all tightened their external work policy, with Amazon being obliged to be in the office five days a week from January.
However, not all major companies follow. Citigroup recently announced that the majority of its workforce will still be allowed to work remotely two days a week, because it starts a £ 1 billion renovation from his Canary Wharf -head Quarter.
In the meantime, the British government has instructed civil servants to spend at least three days a week at least three days a week at least three days a week, and in the US President Trump has signed an executive order to put an end to the work for employees of the government.
As companies continue to assess the balance between productivity, employee satisfaction and office space, the struggles of JP Morgan emphasize the logistics challenges of a mandate for all office-even for one of the world’s largest banks.