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JPMorgan says office renovations are coming to accommodate the bank's ballooning workforce
- JPMorgan will upgrade select offices to accommodate its growing global workforce.
- The bank has moved to a five‑day in‑office policy and faced desk space tensions at sites like Columbus.
- JPMorgan opened the 270 Park Avenue headquarters in Manhattan with extensive amenities.
- The bank plans de‑densification and space renovations to improve in‑office experience worldwide.
- The earnings call featured remarks from CFO Jeremy Barnum about headcount versus real estate growth.
- CEO Jamie Dimon emphasized a focus on real estate as a manageable cost and asset for the company.
- The bank had previously faced tensions over desk availability and parking at major sites.
- JPMorgan’s workspaces aim to blend in‑person collaboration with updated technology.
- The company is investing in a new headquarters and technology‑driven amenities to support staff.
- The overall strategy centers on ensuring capacity and amenities as headcount grows globally.
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