JPMorgan Chase is not going to pay for junior gross sales and buying and selling workers to take an Uber to work, reversing actions the financial institution took after the COVID-19 pandemic to assist workers really feel snug about commuting to work, Bloomberg Information reported.
The change was communicated by managers final week, Bloomberg reported on Wednesday, citing folks with data of the matter, who requested to not be recognized discussing an inner coverage.
JPMorgan had began reimbursing workers for Uber and taxi rides to work for merchants beneath the managing director degree proper after the pandemic began, in line with the report, which added the current change is inflicting nervousness amongst junior workers who’re uncomfortable taking public transport.
The financial institution’s executives had beforehand informed managing administrators and a few government administrators inside its gross sales and buying and selling operation that they have to return to the workplace by Sept. 21.
Bloomberg Information on Tuesday had reported that JPMorgan despatched a few of its Manhattan staff residence this week after an worker in equities buying and selling examined optimistic for COVID-19.
The financial institution didn’t instantly reply to Reuters request for remark.