JPMorgan told sales and trading staff this week that they would be required to return to the office September 21, TheWall Street Journal reported.- The move would be one of the biggest returns by US staff at a major Wall Street firm yet.
- As other industries and financial units embrace long-term flexibility, traders have bemoaned that at-home setups have major drawbacks.
JPMorgan told workers in its sales and trading division to return to the office by September 21, The Wall Street Journal reported Thursday.
The directive was issued by two executives in conference calls Wednesday morning, the paper reported, citing people familiar with the matter. Employees worried about childcare and health issues will be allowed to continue to work from home, according to the report.
The bank did not immediately respond to a request for comment from Business Insider.
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Once a national epicenter, new cases in the five boroughs have fallen to a seven-day average of 135, according to city data. That's far lower than many other areas of the US.
JPMorgan's decision also bucks a growing trend of employers looking to the future of workspaces as a flexible, or even optional, notion. Even on Wall Street, competitors like UBS have told employees that remote working is here to stay.
Still, some aspects of financial professions are not suited well to remote work, especially the high energy of a trading floor. Wall Street workers told Business Insider in March that even the most sophisticated of home setups had disadvantages.