JPMorgan CEO Jamie Dimon says the bank will only need office capacity for 60% of employees post-pandemic
JPMorganCEO Jamie Dimonisn't planning a full office when his company ends remote work.
- "For every 100 employees, we may need seats for only 60 on average," he said in a letter to investors.
- As a result, Dimon said, "This will significantly reduce our need for real estate."
That's because America's largest bank is making drastic changes to its office layout and capacity, CEO Jamie Dimon said in his annual letter."We will quickly move to a more 'open seating' arrangement, in which digital tools will help manage seating arrangements, as well as needed amenities, such as conference room space," Dimon said. "As a result, for every 100 employees, we may need seats for only 60 on average."
Most employees will still work in an office or banking branch location on a full time basis, with some employees "working under a hybrid model" - a mix of remote and in-office work.Dimon highlighted the struggles his company has faced across the last year with so many employees working remote: From difficulty onboarding new employees to a lack of "spontaneous learning and creativity" that comes from interacting with other people in person. JPMorgan was among the first companies to test remote work as reports of
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