Jamie Dimon doesn’t see a return to regular till center of subsequent yr

JPMorgan Chase’s Jamie Dimon, among the many largest Wall Avenue proponents of returning staff to the workplace, doesn’t see life returning to some type of regular till the center of subsequent yr on the earliest.

The financial institution is presently aiming to carry again simply 15% to 25% of staff to workplaces, and Dimon himself is simply beginning to see purchasers once more, he stated Friday at a convention hosted by the asset administration business group Nicsa. Zoom conferences with clients are possible right here to remain, and a few financial institution staff might do business from home completely, he stated.

The JPMorgan chief government, who has been going into the financial institution’s workplaces since June, has beforehand pushed for governments to cautiously reopen cities to assist the economic system get well. Dimon has predicted long-term financial and social harm from an extended stretch of widespread working-from-home.

Dimon stated Friday that as many as 40% of staffers might do business from home even after the pandemic, with some on rotations out and in of the workplace.

“Work-from-home has to work for purchasers and clients not only for staff,” he stated.

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