The trend of remote work, which thrived during the pandemic, is being actively reversed by banks as they push employees back to the office. By 2024, 73% of financial service firms were partaking in a hybrid work model, but recent actions by major players like JPMorgan Chase and Goldman Sachs indicate a decisive shift toward in-office work. The varying policies of different banks reflect individual corporate cultures, indicating a complex and often inconsistent return-to-office approach that continues to evolve.
Since the end of the COVID-19 pandemic, more lenders have called their workers back to the office. The shift has marked a major reversal, coming after several years in which remote or hybrid work was widespread.
There's been a gradual movement back, because I think the pendulum probably swung too far,
By 2024, 73% of financial service firms were operating on an at least partly work-from-home basis.
Other banks have taken less maximalist approaches, but only a few still allow their workers to work from home most weekdays.
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