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JPMorgan Stops Paying for Junior Traders to Take Uber to Work

  • Move is reversal of measure enacted early in the pandemic
  • Change is said to have been communicated by managers last week

Photographer: Victor J. Blue/Bloomberg

JPMorgan Chase & Co. is no longer allowing junior sales and trading staff to take Uber to work on the company dime, reversing a measure enacted early in the coronavirus pandemic to help workers feel comfortable commuting to the office.

The change was communicated by managers last week, according to people with knowledge of the matter, who asked not to be identified discussing an internal policy. The move comes as more of the bank’s workers make plans to resume working at offices in New York and London, with senior traders required to return next week.