JPMorgan Says Most Consumer Staff to Work From Home Until 2021

JPMorgan Chase & Co. told thousands of office workers across its consumer unit they can plan to continue working remotely until next year, breaking with the firm’s Wall Street operations, which mandated that senior traders return to work.

The directive, which was communicated to staff in several memos Monday, applies to most U.S.-based employees in the consumer unit who have been working remotely to help stem the spread of the coronavirus. It excludes branch workers and some in operations, according to a person briefed on the staffing plans. The consumer and community banking unit, which operates primarily in the U.S., has 122,089 employees, the most of any of the firm’s divisions.