Dimon: Chase Will “Significantly Reduce” Office Requirements, But Committed to Building New Headquarters

Dimon: Chase Will “Considerably Lower” Office Demands, However Devoted to Structure New Headquarters

JPMorgan Chase intends to “significantly reduce” its worldwide workplace requirements while reconfiguring designs, chairman and CEO Jamie Dimon composed Wednesday in his annual shareholders’ letter. Nevertheless, the financial institution– New york city City’s largest private-sector workplace renter– however means to develop its new Midtown Manhattan head office, which will certainly house 12,000 to 14,000 staff members.

With up to 10% of its employees shifting to remote job completely, “Remote job will certainly change just how we manage our realty,” Dimon created. “We will rapidly relocate to a much more ‘open seating’ arrangement, in which electronic devices will help handle seating setups, as well as needed facilities, such as conference room area.”

Dimon’s letter, provided as part of the bank’s yearly report, complied with released records last month that Chase was seeking to sublease large blocks of room in Manhattan, totaling almost 800,000 square feet.

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Paul Bubny functions as Senior Content Supervisor for Link Business Property, a function to which he brings 13-plus years’ experience covering the business realty market and also 30-plus years in business-to-business journalism.
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Published at Thu, 08 Apr 2021 04:06:44 +0000

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