Covid-19 impact: At JPMorgan, productivity falls for WFH employees

Work output was particularly affected on Mondays and Fridays, according to findings discussed by CEO Jamie Dimon in a private meeting with analysts

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

Work output was particularly affected on Mondays and Fridays, according to findings discussed by CEO Jamie Dimon in a private meeting with Keefe, Bruyette & Woods (KBW) analysts. That, along with worries that remote work is no substitute for organic interaction, is part of why the biggest US bank is asking more workers to return to offices.

“The WFH lifestyle seems to have impacted younger employees, and overall productivity and ‘creative combustion’ has taken a hit,” KBW’s Brian Kleinhanzl wrote in