JPMorgan CEO Jamie Dimon has reportedly said that up to 30% of the bank’s total workforce can work from home permanently.
In a Sibos conference, Dimon said that a proportion of the bank’s staff will continue working remotely on a rotation basis due to the Covid-19 pandemic.
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JPMorgan employed 256,710 people at the end of its second quarter.
Initially, before the Covid-19 cases surged in the UK, JPMorgan was set to bring 50% of its employees back to the office.
Nearly 35% of the employees returned, according to Financial News.
However, the lender put its re-staffing plan on hold following Prime Minister Boris Johnson’s call for office workers to return to remote working last month.
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By GlobalDataDuring a virtual interview with JPMorgan global head of wholesale payments Takis Georgakopoulos, Dimon said: “There will be some permanent work from home, people who work from home or permanently rotate, or have a schedule of three days in and two days out, something like that.
“I do not think it will be 100% of the population, I think it will be 20-30% and it is got to work for the company and the clients. It is not just whether we like it as employees.”
Prior to Dimon’s recent comments, JPMorgan asked thousands of its consumer banking employees to continue working remotely until 2021.
Previously, Dimon said that his bank has seen “alienation” among young employees and added that extended remote working can bring long-term economic and social damage.
He also said that productivity is being affected among certain groups and voiced similar concerns at the recent Sibos conference as well.
Moreover, in the past few weeks, he was vocal about the need to bring more staff back to the office.
In August, JPMorgan corporate and investment bank CEO Daniel Pinto said that staff could work from office and home on a rotational basis.
Last month, JPMorgan was also planning to relocate nearly 200 London employees as no-deal Brexit looms.
