US banking giant JP Morgan Chase is reportedly set to mandate a full return to the workplace for its more than 300,000 employees, including approximately 1,300 in Ireland.

According to Bloomberg, America's biggest bank is preparing to bring all staff back to work in the office five days a week, as managing directors have been required since April 2023.

At present, many of JP Morgan's employees are mandated to work from the office for three days a week, and the bank is expected to make an official announcement in the next few weeks.

Chief executive Jamie Dimon has voiced reservations about remote work, arguing that in-person collaboration accelerates decision making, fosters creativity and spontaneous learning for junior staff.

The plans come as JP Morgan prepares to open a 60-storey skyscraper in Manhattan that will become its new headquarters later this year.

JP Morgan's expected move also follows Amazon's decision to require staff to work from the office five days a week, up from three days previously.

Advertising conglomerate WPP has told staff they will be expected in the workplace at least four days a week, including at least two Fridays a month, from April.

Individual agencies had been allowed to set their own rules, but staff at WPP headquarters had been required to work in the office three days a week.

In a memo to staff, WPP CEO Mark Read said: “I believe that we do our best work when we are together in person.

"It’s easier to learn from each other, it’s a better way to mentor colleagues starting out in the industry, and it helps us win pitches as a truly integrated team.”

JP Morgan hired its 1,000th staff member in Ireland in February 2023 and a further 300 people work for Global Shares, the Cork tech firm acquired by the bank for $730m in 2022.

(Pic: Michael M. Santiago/Getty Images)