JPMorgan CEO Jamie Dimon asks federal workers to return to office, says empty buildings ‘bother’ him: ‘I can’t believe…’

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JPMorgan Chase (NYSE:JPM) CEO Jamie Dimon asked federal employees in Washington, DC, to return to their offices, highlighting the ongoing debate over telecommuting policies.

What happened: Speaking at the Atlantic Festival, Dimon expressed his frustration with the number of empty buildings in the capital, according to Business Insider on Friday.

“By the way, I’d also get Washington, DC, back to work. I can’t believe when I come here, the empty buildings. The people who work for you don’t go to the office,” he said,

“That bothers me,” he added. Dimon emphasized that he does not allow such flexibility at JPMorgan.

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Why it matters: Dimon is not alone in his position. Earlier this week, Amazon (NASDAQ:AMZN) CEO Andy Jassy announced that Amazon employees will return to the office five days a week, returning to pre-pandemic norms.

JPMorgan 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 workers still have flexible work arrangements. For example, some Environmental Protection Agency employees only have to be in the office four days a month. Other agencies such as Treasury Department and the Department of the Interiorrequires at least 50% office attendance.

DC vacancy rates remain high, with about 22% of office space vacant in the second quarter of 2024, according to CBRE. The federal government and private sector offices contribute to this trend.

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