Posted in home

JPMorgan sends some traders home after worker contracts COVID-19: Bloomberg News

(Reuters) – JPMorgan Chase & Co JPM.N sent some of its Manhattan workers home this week after an employee in equities trading tested positive for COVID-19, Bloomberg News reported on Tuesday, citing a person familiar with the matter.

FILE PHOTO: A woman passes by a Chase bank in Times Square in New York City, U.S., March 7, 2019. REUTERS/Brendan McDermid

News of the infection, on the fifth floor of the bank’s 383 Madison Ave. building, was communicated to employees on Sept. 13, according to the report here&utm_source=twitter&cmpid=socialflow-twitter-business&utm_campaign=socialflow-organic&utm_medium=social&sref=WJKVI5nK.

A JPMorgan spokesman said the bank has been “managing individual cases across the firm over the course of the last few months and following appropriate protocols when they occur.”

The bank executives had previously told managing directors and some executive directors within its sales and trading operation that they must return to the office by Sept. 21.

Earlier on Tuesday, before the media

Read More
Continue Reading JPMorgan sends some traders home after worker contracts COVID-19: Bloomberg News
Posted in home remodeling

JPMorgan Reportedly Sends NYC Workers Home As Employee Tests Positive For COVID-19

Topline

A JPMorgan equities trading employee tested positive for COVID-19, according to Bloomberg, leading the bank to send some Manhattan workers home ahead of a planned return to the office next week for more workers at the banking giant.

Key Facts

The employee reportedly worked on the fifth floor of JPMorgan’s 383 Madison Ave. building, according to Bloomberg, citing an anonymous person who knew of the matter, which was not public prior to Tuesday.

JPMorgan employees were told on Sunday about their colleague testing positive for the coronavirus, Bloomberg reported.

The reported infection comes ahead of orders from JPMorgan’s C-suite for their senior sales and trading employees to return to the office September 21.

Bloomberg reported Monday that JPMorgan’s worker productivity plummeted among younger workers at the beginning

Read More
Continue Reading JPMorgan Reportedly Sends NYC Workers Home As Employee Tests Positive For COVID-19
Posted in home

What JPMorgan Has To Say About Young Employees Working From Home

JPMorgan Chase & Co (NYSE: JPM) says it has noticed a troubling pattern with its work-from-home employees, particularly those who are of a younger age, Bloomberg reported Monday.

What Happened: CEO Jamie Dimon told analysts Keefe, Bruyette & Woods in a private meeting that productivity was particularly affected on Mondays and Fridays, according to Bloomberg.

“The WFH lifestyle seems to have impacted younger employees [at JPMorgan], and overall productivity and ‘creative combustion’ has taken a hit,” KBW Managing Director Brian Kleinhanzl wrote to clients in a note, citing the meeting with Dimon.

JPMorgan spokesman Michael Fusco told Bloomberg that the productivity of employees was affected “in general, not just younger employees,” but added that younger workers “could be disadvantaged by missed learning opportunities” as they were not in offices.

Why It Matters: The New York-based lender informed most senior sales staff and trading employees that they would be required to

Read More
Continue Reading What JPMorgan Has To Say About Young Employees Working From Home
Posted in home

At JPMorgan, Productivity Falls for Staff Working at Home

(Bloomberg) — A troubling pattern emerged as most of JPMorgan Chase & Co.’s employees worked from home to stem the spread of Covid-19: productivity slipped.



a building with a metal tower and blue umbrella: Scaffolding covers a construction site for JP Morgan Chase & Co. headquarters in New York, U.S., on Monday, June 8, 2020. Completion is still years away, but the ramping up of construction on high-rise office towers like JPMorgan's — which will be one of the largest in Manhattan, rise some 70 floors and be capable of housing roughly 15,000 employees — comes at what suddenly feels like an odd time.


© Bloomberg
Scaffolding covers a construction site for JP Morgan Chase & Co. headquarters in New York, U.S., on Monday, June 8, 2020. Completion is still years away, but the ramping up of construction on high-rise office towers like JPMorgan’s — which will be one of the largest in Manhattan, rise some 70 floors and be capable of housing roughly 15,000 employees — comes at what suddenly feels like an odd time.

Work output was particularly affected on Mondays and Fridays, according to findings discussed by Chief Executive Officer Jamie Dimon in a private meeting with Keefe, Bruyette & Woods analysts. That, along with worries that remote work is no substitute for organic interaction, is part of why the biggest U.S. bank is urging more

Read More
Continue Reading At JPMorgan, Productivity Falls for Staff Working at Home