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Goldman Sachs and JPMorgan pushed hard for a 5-day-a-week return to the office. Why they’re now letting employees work from home

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Why This Matters

The shift by Goldman Sachs and JPMorgan Chase to allow more remote work signals a significant change in the traditional banking industry's stance on in-office presence, reflecting broader industry adaptation to evolving work preferences. This development could influence future workplace policies across the financial sector and impact employee expectations and productivity strategies.

Key Takeaways

The big banks are usually some of the biggest critics of remote work—just not this summer. Some of the biggest sticklers in the return-to-office movement have been big banks and investment firms, including Goldman Sachs and JPMorgan Chase, which have, in large measure, required employees to work from the office five days a week. But not this summer.