Amazon and JPMorgan Highlight Unsettled Return-to-Office Debate

April 9, 2021, 5:40 PM UTC

Tech firms are embracing remote work and banks want people back at the office. Right?

Not so fast.

Amazon.com Inc. recently told employees that it planned to return to an “office-centric culture.” Just days later, JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said some employees would likely continue working remotely at least some of the time, with the bank perhaps having just 60 seats for every 100 employees.

The contrast highlights how tricky it is for investors to gauge future demand for corporate offices, according to a new report from real estate data and research firm Green Street. ...

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