JPMorgan Chase (JPM) is planning to end hybrid work arrangements for its nearly 300,000 employees worldwide.
According to multiple media reports, senior executives at the world’s largest bank are actively discussing plans to require all of the lender’s staff to return to the office five days per week.
Most people at JPMorgan Chase are already back in the office full-time, especially client-facing workers such as bank branch workers and salespeople.
However, a new blanket mandate that’s now under consideration would likely impact back-office staff and support workers who currently have hybrid work arrangements that only require them to be in the office a few days per week.
JPMorgan Chase could announce a full return-to-office mandate within the next week or two.
News of JPMorgan’s return-to-work mandate comes as numerous companies struggle to return employees to the office nearly five years after the Covid-19 pandemic struck.
Since the pandemic began to wane in 2022, hybrid work arrangements that enable employees to work some days from home have become standard.
The stock of JPMorgan Chase has risen 41% in the last 12 months to trade at $243.17 U.S. per share.
