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JPMorgan Chase (London share:JPM) CHIEF EXECUTIVE OFFICER Jamie Dimon asked federal employees in Washington, D.C., to return to their offices, highlighting the ongoing debate over remote work policies.
What happened:Speaking at the Atlantic Festival, Dimon expressed his frustration with the number of empty buildings in the capital, second to Business Insider on Friday.
“By the way, I would also bring Washington, D.C., back to work. I can’t believe, when I come here, the empty buildings. The people who work for you who don’t go to the office,” he said,
“That bothers me,” he added. Dimon stressed that he doesn’t allow JPMorgan that flexibility.
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Why it’s important: Dimon isn’t alone in this stance. Earlier this week, Amazon (NASDAQ:AMZN) CHIEF EXECUTIVE OFFICER Andy Jassy announced that Amazon employees would return to the office five days a weekk, returning to pre-pandemic norms.
JPMorgan’s policy requires CEOs to be in the office full time, while other employees must work in person at least three days a week. Last year, the Biden administration also pushed federal employees to return to in-person work.
Despite these efforts, many federal employees still have flexible work arrangements. For example, some Environmental Protection Agency employees are only required to be in the office four days a month. Other agencies, such as Department of the Treasury and the Department of the Interiorrequire at least 50% presence in the office.
Office vacancy rates in Washington remain high, with about 22% empty office space in the second quarter of 2024, according to CBRE. The federal government and private sector offices are contributing to this trend.
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This article JPMorgan CEO Jamie Dimon Calls on Feds to Return to Office, Says Empty Buildings ‘Bug Him Out’: ‘I Can’t Believe It’ originally appeared on Benzinga.com
