JPMorgan To 'Significantly Reduce' Global Office Footprint, CEO Says

The largest bank in the U.S. by assets is getting smaller — at least in terms of the real estate it occupies. JPMorgan Chase will "significantly reduce" its office footprint in the coming years as it overhauls the design and usage of its workplaces, CEO Jamie Dimon said in his annual letter to shareholders. Though he acknowledged some limitations to remote work, Dimon said that up to 10% of the bank's employees "in very specific roles" will work from home permanently.