Bloomberg Intelligence
JP Morgan Staffing, Bridgewater Cuts
Jan 7, 2025
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Quick takeaways
- J.P. Morgan's return to a five-day in-office workweek reflects a cultural shift prioritizing in-person collaboration and adapting to employee needs.
- Bridgewater Associates' workforce reduction of 7% aims to recalibrate operations after overhiring, indicating a more selective hiring approach in the competitive financial sector.
Deep dives
The Shift Back to Office Work
Many companies, including J.P. Morgan, are returning to a five-day in-office workweek, reflecting a trend among financial firms to prioritize in-person collaboration. This decision is driven by the belief that employees perform better when working together in an office, with managers more willing to consider flexible work requests compared to previous years. The shift suggests a significant cultural change in how firms are addressing work-life balance, alongside adapting to employee needs. Competition among companies for talent may continue to shape these policies, leading to variations in office requirements across different firms.
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