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JPMorgan Chase (NYSE:JPM) CEO Jamie Dimon has known as for federal workers in Washington, DC, to return to their workplaces, highlighting the continued debate over distant work insurance policies.
What Occurred: Talking at The Atlantic Competition, Dimon expressed his frustration with the variety of empty buildings within the capital, in accordance to Enterprise Insider on Friday.
“By the way in which, I’d additionally make Washington, DC, return to work. I can’t imagine, once I come down right here, the empty buildings. The individuals who give you the results you want not going to the workplace,” he said,
“That bothers me,” he added. Dimon emphasised that he doesn’t enable such flexibility at JPMorgan.
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Why It Issues: Dimon just isn’t alone in his stance. Earlier this week, Amazon (NASDAQ:AMZN) CEO Andy Jassy introduced that Amazon workers would return to the workplace 5 days a weeokay, reverting to pre-pandemic norms.
JPMorgan’s coverage mandates managing administrators to be within the workplace full-time, whereas different workers should work in particular person no less than three days per week. Final yr, the Biden Administration additionally pushed federal workers to return to in-person work.
Regardless of these efforts, many federal staff nonetheless have versatile work preparations. As an example, some Environmental Safety Company workers are required to be within the workplace solely 4 days a month. Different companies, just like the Division of the Treasury and the Division of the Inside, require no less than 50% in-office presence.
Workplace emptiness charges in DC stay excessive, with about 22% of workplace area empty within the second quarter of 2024, in line with CBRE. The federal authorities and private-sector workplaces contribute to this development.
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This text JPMorgan CEO Jamie Dimon Calls For Federal Workers To Return To Workplace, Says Empty Buildings ‘Hassle’ Him: ‘I Cannot Consider…’ initially appeared on Benzinga.com
