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Thread: Good news---the return to normalcy

  1. #1
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    Good news---the return to normalcy

    This from the WSJ:

    One of Wall Street’s biggest employers is calling its trading staff back to the office.

    JPMorgan Chase JPM -0.42% & Co. executives told senior employees of the bank’s giant sales and trading operation that they and their teams must return to the office by Sept. 21, according to people familiar with the matter.

    Trading chief Troy Rohrbaugh and Marc Badrichani, the bank’s global head of sales and research, delivered the message in conference calls Wednesday morning, the people said. The two executives said employees with child-care issues and medical conditions that make them more vulnerable to coronavirus complications can continue working from home, the people added.

    Like most New York City office workers, Wall Street traders and bankers scattered to the winds when coronavirus shut down the city in March. Workers began trickling back into their skyscrapers in June, when the city began reopening, but financial firms largely haven’t ordered employees to return en masse.
    JP Morgan is one of our biggest (by revenue) customers. At the early stages of this disaster we were making and installing "wellness screens" between trader desks, but as it continued on they began sending everyone home. They have offices all over mid-town Manhattan, including many many floors in the Empire State Building.

    This move will encourage others to follow their lead
    "A pessimist sees the difficulty in every opportunity, an optimist sees the opportunity in every difficulty” ---Sir Winston Churchill
    "Political extremism involves two prime ingredients: an excessively simple diagnosis of the world's ills, and a conviction that there are identifiable villains back of it all." ---John W. Gardner
    “You can’t go back and change the beginning, but you can start where you are and change the ending.” ---C. S. Lewis

  2. #2
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    My Boss has told me he has no plans to return to the office before retiring in 2 years so the expectation is that I will not be returning either.

    I've been working from home (other than a short stint as a contractor) for about 15 years now and would go crazy in an office environment.

  3. #3
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    My excitement by that announcement is basically selfish. I still am unable to get my arms around where this might lead business wise. We build out offices---no offices---much less work.
    "A pessimist sees the difficulty in every opportunity, an optimist sees the opportunity in every difficulty” ---Sir Winston Churchill
    "Political extremism involves two prime ingredients: an excessively simple diagnosis of the world's ills, and a conviction that there are identifiable villains back of it all." ---John W. Gardner
    “You can’t go back and change the beginning, but you can start where you are and change the ending.” ---C. S. Lewis

  4. #4
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    Thinking there will be more "working from home" in the future. Not sure how that relates to keeping people cooped up 8 hr a day in a workplace. If one can get the job done in 4-6 hr does he/she need to be standing around the cooler or BS-ing with co-workers.
    Fred

    "Everyday I beat my own previous record for number of consecutive days I've
    stayed alive."

    'Take care of yourself, and each other.'

  5. #5
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    I think a lot of companies will realize that the work from home model can work well for them going forward and sell off the office buildings (if they can find a buyer).. A lot of expenses have been incurred to set up employees remotely. I know Wells Fargo (current employer) has completely shut down some major campuses...

  6. #6
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    It won’t be a decade before “office workers” will not need to even be cooped up at home, when they can wear or even merge with their computer.
    Last edited by wacojoe; 09-13-2020 at 10:40 AM.
    ...............
    “You can vote your way into socialism, but you have to shoot your way out.” — Too fundamental to have an attribution


  7. #7
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    The biggest conundrum, still to be solved, is how to train new people and infuse company culture into them, something I am currently struggling with.

  8. #8
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    I was a doubter that people would ever return, as employers found that their employees could actually work from home, and they wouldn't have to rent office space. I read an article the other day though, that said many employers are saying productivity is way down and their employees will be going back to the office. I guess a lot of people do not have the self discipline to work from home.
    "Illegal Immigrant" is not a race....

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