Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

JP Morgan’s return-to-office push hits snag: there’s not enough desks for staff

by February 14, 2025
February 14, 2025
JP Morgan’s return-to-office push hits snag: there’s not enough desks for staff

JP Morgan has ordered its 14,000 London-based employees back to the office full-time—only to find that it does not have enough desks to accommodate them.

The US investment bank, which operates from Canary Wharf and the City, is now scrambling to increase its desk space after scrapping its hybrid working policy, which previously allowed staff to work from home three days a week.

The decision, outlined in a January memo, sparked internal backlash, with more than 1,000 employees signing a petition urging management to reinstate flexible working. In response, the bank’s leadership acknowledged that some employees “prefer a hybrid schedule” but stated that the shift to full-time office work was now necessary.

“We are now a few years out of the pandemic and have had the time to evaluate the benefits and challenges of remote and hybrid working,” the memo read. “The benefits of working together in person are substantial and irreplaceable, and as we spend more time together, the more advantages we gain.”

Chief executive Jamie Dimon made his stance clear during a staff town hall meeting on Wednesday, reportedly telling employees: “I don’t care how many people sign that f***ing petition.” He added that those unhappy with the policy were free to leave.

JP Morgan’s Glasgow office, which opened in April last year, will be the first UK base to enforce the five-day return for its 2,700 employees, with other UK offices in Edinburgh, Manchester, Leeds, and Bristol likely to follow suit.

JP Morgan joins a growing number of corporations demanding that employees return to the office more frequently. Amazon, Meta, Starbucks, and Dell have all tightened their remote working policies, with Amazon requiring staff to be in the office five days a week from January.

However, not all major firms are following suit. Citigroup recently announced that most of its workforce will still be allowed to work remotely two days a week, as it embarks on a £1 billion refurbishment of its Canary Wharf headquarters.

Meanwhile, the UK government has instructed civil servants to spend at least three days a week in Whitehall, and in the US, President Trump signed an executive order to end remote working for government employees.

As companies continue to reassess the balance between productivity, employee satisfaction, and office space, JP Morgan’s struggles highlight the logistical challenges of an all-office mandate—even for one of the world’s largest banks.

Read more:
JP Morgan’s return-to-office push hits snag: there’s not enough desks for staff

0
FacebookTwitterGoogle +Pinterest
previous post
Small businesses tell chancellor: action needed on funding, AI training, and tax relief
next post
Scottish salmon exports hit record high as global demand surges

You may also like

BT Scraps Digital Landline Switch Deadline Amid Vulnerability...

May 21, 2024

Data-Driven Strategies for E-commerce Personalisation

April 18, 2024

How to Build a Successful Ecommerce Business

September 27, 2022

Navigating Legal Complexities for Growing Businesses: When to...

November 18, 2024

Unleash Your Influence: Effective Tactics to Expand Your...

April 24, 2024

Barristers in England and Wales vote to end...

October 10, 2022

Container shipping costs plunge as consumer spending declines

February 15, 2023

7.5 million UK workers ‘suffer in silence’ over...

January 29, 2025

Three Things You Ought to Know about Direct...

November 10, 2023

EU backs legislation against forced labour in supply...

March 17, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump ally stands firm against ‘big, beautiful bill’ despite pressure: ‘It’ll completely backfire’

      June 8, 2025
    • Rubio condemns assassination attempt on Colombian presidential candidate Miguel Uribe

      June 8, 2025
    • Obama WH physician says Biden doc should have performed cognitive test

      June 8, 2025
    • Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

      June 7, 2025
    • Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

      June 7, 2025
    • Musk deletes explosive posts about Trump and Epstein files

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,571)
    • Stocks (3,136)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved