Workforce management

JPMorgan seeks to reduce office space in two Manhattan towers


JPMorgan Chase is marketing big blocks of office space in Manhattan as companies reevaluate their need for real estate amid the COVID-19 pandemic, according to people with knowledge of the matter.


Dimon sees ‘carrots and sticks’ approach to COVID vaccines


While JPMorgan Chase’s chief executive would like the bank’s employees to get the COVID-19 vaccine, he said it’s unlikely to require the shots at least for now.


Bank of America cuts staff in investment banking and trading


Bank of America cut some of its staff in the global banking and markets division this week. The latest cuts mark an end to BofA's pledge not to eliminate any jobs in 2020 as the global pandemic flared.


Goldman CEO warns remote work is aberration, not the new normal


David Solomon has been one of the more vocal business leaders pushing government officials to move faster in making changes needed to bring employees back to work.


Citigroup tells Texas employees they can use office for shelter


Citigroup told employees in Texas they could take shelter in the firm’s offices as the state grapples with the effects of a snow and ice storm earlier this week.


BofA divided as bankers cry foul over special bonus treatment


Anger is building in the senior ranks at Bank of America after the company waived an unpopular new bonus policy for top traders and dealmakers while keeping the plan in place for other employees.


Top bankers sound alarm: Remote work is starting to grate


Bankers including Mary Erdoes of JPMorgan Chase and Barclays CEO Jes Staley say working from home is at risk of not working anymore.


Cathy Bessant is itching to bring BofA's tech workers back to office


Bank of America's chief operations and technology officer says even digital experts benefit from in-person collaboration. She wants her 95,000-person staff to return once it's safe.


Wells Fargo extends work-from-home plans until at least March


The San Francisco-based bank will keep most employees working from home for at least a month longer than last announced.


Citi to offer workers a 12-week sabbatical, extra vacation days


Citigroup will soon offer workers the ability to take a 12-week sabbatical as part of a bevy of new employee perks in the wake of the coronavirus pandemic.