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Working from home 'doesn't work for those who want to hustle': JPMorgan CEO

Stock MarketsMay 04, 2021 02:37PM ET
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© Reuters. FILE PHOTO: JPMorgan Chase CEO Jamie Dimon speaks at the North America's Building Trades Unions (NABTU) 2019 legislative conference in Washington, U.S., April 9, 2019. REUTERS/Jeenah Moon

By Elizabeth Dilts Marshall

NEW YORK (Reuters) - Working from home does not work for everyone, especially those who want "to hustle," JPMorgan Chase & Co (NYSE:JPM)'s chief executive said on Tuesday at a conference in New York.

The largest American bank recently told it workers that it expects all U.S.-based employees back in offices on a rotational basis by early July, subject to current public health rules limiting office capacity to 50%.

Bank CEO Jamie Dimon said he wants people back at work because exclusively working from home "doesn't work for young people."

"It doesn't work for those who want to hustle. It doesn't work for spontaneous idea generation. 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 working from home a few days a week, a policy other banks like Deutsche Bank (DE:DBKGn), HSBC and UBS are reportedly exploring.

But starting on May 17, Dimon said he wants employees bank in the office a few days a week to reacclimate themselves to the workplace after working from home for over a year during the COVID-19 pandemic.

Dimon's "get used to it" approach, which could include requiring employees get vaccinated, has faced a backlash. Dimon said he received a "nasty email" from an employee's wife who disagreed with the push to return to work.

"But that's life," Dimon said, saying the bank will be more competitive and work better for clients with employees meeting in person again.

"In my view, September, October, it will look just like it did before and everyone's going to be happy with it."

Working from home 'doesn't work for those who want to hustle': JPMorgan CEO
 

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Comments (4)
David TP
David TP May 04, 2021 12:26PM ET
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this man is right on ! What real man that wants to rise in the company or find other opportunities wants to stay at home ? haha his wife has to write the letter to the boss. What luck they found each other .
Alan Rice
Alan Rice May 04, 2021 12:01PM ET
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Yeah. He's a "hustler".
Vignesh Ramasamy
Vignesh Ramasamy May 04, 2021 11:51AM ET
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Yeah, just let people die in the name of working in person with all new variants of Covid. This new economy needs companies to adapt, be flexible and function remotely. We need a fool proof vaccine that works against most variants else we will reopen only to shut down sooner!
Edward Chong
Edward Chong May 04, 2021 11:51AM ET
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u better build your own economy then.
Vignesh Ramasamy
Vignesh Ramasamy May 04, 2021 11:51AM ET
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Lol. Yeah open your eyes and see for yourself 🤣
William Bailey
William Bailey May 04, 2021 11:29AM ET
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What hes saying is that most of the service economy isnt coming back without forcing underlings to go into the office .... he himself and high ranking executives will reserve that luxery for number 1
 
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