JPMorgan reportedly stops paying for junior staff’s Ubers to work amid COVID-19

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JPMorgan Chase will not shell out for junior revenue and buying and selling personnel to acquire an Uber to get the job done, reversing steps the financial institution took right after the COVID-19 pandemic to aid team feel cozy about commuting to get the job done, Bloomberg News noted.

The alter was communicated by managers very last week, Bloomberg documented on Wednesday, citing persons with expertise of the matter, who asked not to be recognized talking about an inner policy.

JPMorgan experienced started out reimbursing staff for Uber and taxi rides to get the job done for traders below the taking care of director stage correct following the pandemic started, in accordance to the report, which additional the current improve is causing panic between junior employees who are awkward getting public transportation.

The bank’s executives had beforehand told running administrators and some govt directors inside its product sales and buying and selling procedure that they ought to return to the office environment by Sept. 21.

Bloomberg Information on Tuesday experienced claimed that JPMorgan despatched some of its Manhattan workers dwelling this 7 days after an staff in equities buying and selling examined good for COVID-19.

The financial institution did not instantly respond to Reuters request for comment.