JPMorgan Mandates Full Office Return for Managing Directors, Signaling Shift on Wall Street

JPMorgan is requiring all managing directors to return to the office five days a week, departing from the hybrid schedules favored by other large firms during the pandemic.
CEO Jamie Dimon has criticized work-from-home policies and believes in-person work is critical for company culture, productivity, and business operations.
The new policy applies to the bank's highest-ranking employees below the executive level and could influence other financial firms to end remote work.
JPMorgan is tightening oversight on attendance tracking and may factor office presence into performance reviews and compensation.
The mandate comes as major banks grapple with how to navigate the post-pandemic workplace and balance employee demands for flexibility with concerns over productivity and collaboration.